Latin America Craft Spirits Market Size & Outlook
The craft spirits market in Latin America is expected to reach a projected revenue of US$ 2,886.3 million by 2030. A compound annual growth rate of 25.7% is expected of Latin America craft spirits market from 2024 to 2030.
Revenue, 2023 (US$M)
$582.8
Forecast, 2030 (US$M)
$2,886.3
CAGR, 2024 - 2030
25.7%
Report Coverage
Latin America
Latin America craft spirits market, 2017-2030 (US$M)
Related Markets
Latin America craft spirits market highlights
- The Latin America craft spirits market generated a revenue of USD 582.8 million in 2023.
- The market is expected to grow at a CAGR of 25.7% from 2024 to 2030.
- In terms of segment, whiskey was the largest revenue generating product in 2023.
- Gin is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 582.8 million |
| Market revenue in 2030 | USD 2,886.3 million |
| Growth rate | 25.7% (CAGR from 2023 to 2030) |
| Largest segment | Whiskey |
| Fastest growing segment | Gin |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Whiskey, Vodka, Gin, Rum, Brandy, Liquer |
| Key market players worldwide | Diageo PLC, Pernod Ricard SA, Constellation Brands Inc Class A, Suntory Beverage & Food Ltd, Bacardi, Heaven Hill Distilleries, Campari Group, Sazerac Company, Highwood Distillers, Rogue Ales |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.8% of the global craft spirits market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,586.1 million by 2030.
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Craft Spirits Market Scope
Craft spirits market segmentation & scope
Craft Spirits Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America craft spirits market size, by country, 2017-2030 (US$M)
Latin America Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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