Latin America Draught Beer Market Size & Outlook
Latin America draught beer market, 2018-2030 (US$M)
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Latin America draught beer market highlights
- The Latin America draught beer market generated a revenue of USD 1,780.4 million in 2023.
- The market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, keg beer was the largest revenue generating type in 2023.
- Keg Beer is the most lucrative type 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 1,780.4 million |
| Market revenue in 2030 | USD 2,787.7 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Keg beer |
| Fastest growing segment | Keg Beer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Keg Beer, Cask Beer |
| Key market players worldwide | Heineken NV, Anadolu Efes Biracilik ve Malt Sanayi AS ADR, Molson Coors Beverage Co Class A, China Resources Beer (Holdings) Co Ltd, Carlsberg A/S Class B, Kirin Holdings Co Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global draught beer market in 2023.
- Globally, Europe 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 13,892.9 million by 2030.
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Draught Beer Market Scope
Draught Beer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America draught beer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to draught beer market will help companies and investors design strategic landscapes.
Keg beer was the largest segment with a revenue share of 82.07% in 2023. Horizon Databook has segmented the Latin America draught beer market based on keg beer, cask beer covering the revenue growth of each sub-segment from 2018 to 2030.
Popular breweries in the region have been making waves in the beer industry with their innovative approach to data utilization. The data-driven approach has helped them understand consumer behavior and preferences better, allowing them to create new and innovative products that cater to the evolving tastes of their customers across the region.
Brazilian-based Ambev has been at the forefront of using technology and data to improve its business operations. This has resulted in the launch of several successful brands, such as Brahma Duplo Malte, Stella Artois Black, and Skol Puro Malte, which have become popular choices among beer drinkers in Brazil. One of the ways in which Ambev leverages data is through its 'Zé Delivery' app, a delivery service for its products
In May 2023, Ambev launched Brahma draft beer in cans in a Web Summit held in Rio de Janeiro. The 350 ml aluminum Brahmfa draft beer cans were delivered through its Zé Delivery app.
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Our clientele includes a mix of draught beer market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America draught beer market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America draught beer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America draught beer market size, by country, 2018-2030 (US$M)
Latin America Draught Beer Market Outlook Share, 2023 & 2030 (US$M)
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