Latin America Tonic Water Market Size & Outlook, 2019-2027

The tonic water market in Latin America is expected to reach a projected revenue of US$ 303.2 million by 2027. A compound annual growth rate of 6.8% is expected of Latin America tonic water market from 2020 to 2027.
Revenue, 2019 (US$M)
$178.9
Forecast, 2027 (US$M)
$303.2
CAGR, 2020 - 2027
6.8%
Report Coverage
Latin America

Latin America tonic water market highlights

  • The Latin America tonic water market generated a revenue of USD 178.9 million in 2019.
  • The market is expected to grow at a CAGR of 6.8% from 2020 to 2027.
  • In terms of segment, regular was the largest revenue generating product in 2019.
  • Diet 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 2020 to 2027.

Latin America data book summary

Market revenue in 2019USD 178.9 million
Market revenue in 2027USD 303.2 million
Growth rate6.8% (CAGR from 2019 to 2027)
Largest segmentRegular
Fastest growing segmentDiet
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationRegular, Diet
Key market players worldwideKeurig Dr Pepper Inc, The Coca-Cola Company, Monster Beverage Corp, Zevia PBC Class A, Asahi Group Holdings Ltd, HansenGroup, Fevertree Drinks PLC, Coca-Cola Co, Fentimans North America, Q Mixers

Other key industry trends

  • In terms of revenue, Latin America region accounted for 10.4% of the global tonic water market in 2019.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2027.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 675.1 million by 2027.

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Tonic Water Market Companies

Name Profile # Employees HQ Website

Latin America tonic water 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 tonic water market will help companies and investors design strategic landscapes.


Regular was the largest segment with a revenue share of 77.75% in 2019. Horizon Databook has segmented the Latin America tonic water market based on regular, diet covering the revenue growth of each sub-segment from 2016 to 2027.


  • Latin America Tonic Water Product Outlook (Revenue, USD Million, 2016-2027)
    • Regular
    • Diet
  • Latin America Tonic Water Distribution Channel Outlook (Revenue, USD Million, 2016-2027)
    • Hypermarket & Supermarket
    • On-trade
    • Online
    • Others

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Target buyers of Latin America tonic water market databook

  • Our clientele includes a mix of tonic water market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America tonic water market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America tonic water market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Latin America tonic water market size, by country, 2016-2027 (US$M)

Latin America Tonic Water Market Share, 2019 & 2027 (US$M)

Latin America tonic water market size, by country, 2016-2027 (US$M)

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