Mexico Craft Spirits Market Size & Outlook, 2023-2030
The craft spirits market in Mexico is expected to reach a projected revenue of US$ 6,970.3 million by 2030. A compound annual growth rate of 27.5% is expected of Mexico craft spirits market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,271.5
Forecast, 2030 (US$M)
$6,970.3
CAGR, 2024 - 2030
27.5%
Report Coverage
Mexico
Mexico craft spirits market, 2017-2030 (US$M)
Related Markets
Mexico craft spirits market highlights
- The Mexico craft spirits market generated a revenue of USD 1,271.5 million in 2023 and is expected to reach USD 6,970.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 27.5% 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.
Craft spirits market data book summary
| Market revenue in 2023 | USD 1,271.5 million |
| Market revenue in 2030 | USD 6,970.3 million |
| Growth rate | 27.5% (CAGR from 2023 to 2030) |
| Largest segment | Whiskey |
| Fastest growing segment | Gin |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 6.0% of the global craft spirits market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. craft spirits market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 14,616.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Craft Spirits Market Scope
Craft spirits market segmentation & scope
Craft Spirits Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico craft spirits market size, by product, 2017-2030 (US$M)
Mexico Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
