Latin America Spirits Market 2024

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The Latin America spirits market is on track for a substantial increase of USD 21.0 billion, indicating a compound annual growth rate (CAGR) of roughly 7.4% during the forecast period from 2024 to 2029. Latin America’s spirits market is seeing strong growth due to a combination of cultural factors and a growing young, urban population. In countries like Brazil, Mexico, and Argentina, spirits, particularly rum, tequila, and whisky, are entrenched in local traditions, driving consistent demand. The rise of craft spirits and premium offerings is fueling the segment’s growth, as consumers in urban centers seek out higher-quality options. Furthermore, the younger demographic’s growing interest in cocktails and mixology is influencing the popularity of spirits, particularly among millennials and Gen Z consumers. Alcohol consumption in Latin America is also being driven by a growing nightlife culture and a continued appreciation for traditional drinks like aguardiente, cachaça, and mezcal.

The report delivers an in-depth analysis of the Latin America spirits industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, distribution channel and country. By offering this detailed analysis, the report assists in uncovering the untapped potential of the spirits market.


Market Segmentation


The following outlines the segmentation of the Latin America spirits market:
Product type: brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, others
Distribution channel: convenience stores, forecourt, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others

The Latin America spirits market is categorized by product type, distribution channel and country. By product type, it includes brandy and cognac, liqueurs, non-alcoholic spirits, rum, tequila and mezcal, whiskies, white spirits, and others. Distribution channel segmentation includes convenience stores, forecourt, supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others. Geographically, the market encompasses Argentina, Brazil, Chile, Colombia, Mexico and others.


Competitive Landscape


The report highlights leading companies in the spirits market, including William Grant & Sons Ltd., The Edrington Group Limited, Tequila Supremo S.A. de C.V., Tequila Centinela S.A. de C.V., Suntory Holdings Limited, Pernod Ricard Group, Miguel Torres S.A., Mast-Jagermeister SE, Industrias Reunidas de Bebidas Tatuzinho 3 Fazendas Ltda., Industrias Licoreras de Guatemala, Industria Licorera de Caldas, Industria de Bebidas Paris Ltda, Fratelli Branca Distillerie Srl, Fabrica de Licores y Alcoholes de Antioquia, Engarrafamento Pitu Ltda, Diageo plc, Destilerias Unidas S.A., Davide Campari-Milano S.p.A., Cooperativa Agricola Pisquera Elqui Limitada (CAPEL), Compania Cervecerias Unidas S.A., Companhia Muller de Bebidas Ltda, Brown-Forman Corporation, Bodega Las Copas S.L., Becle S.A.B. de C.V. and Bacardi Limited.

This report delivers an in-depth examination of leading companies in the spirits sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.


Why Buy This Report?


Obtain precise statistical data and forecasts for the Latin America spirits market.
Gain in-depth analysis and forecasts for the key segments of the Latin America spirits market: product type, distribution channel and country.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latin America spirits market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latin America spirits market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
A single unlimited user license within the same organization, with no additional charges for extra users.


Table of Contents


TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Latin America Spirits Market – Product Type Analysis
Latin America Spirits Market – Distribution Channel Analysis
Latin America Spirits Market – Country Analysis
Key Players and Market Share
– William Grant & Sons Ltd.
– The Edrington Group Limited
– Tequila Supremo, S.A. de C.V.
– Tequila Centinela, S.A. de C.V.
– Suntory Holdings Limited
– Pernod Ricard Group
– Miguel Torres S.A.
– Mast-Jagermeister SE
– Industrias Reunidas de Bebidas Tatuzinho 3 Fazendas Ltda.

Macroeconomic Data and Forecast
Disclaimer

FIGURES AND TABLES
Table Latin America Spirits Market 2019-2029
Chart Latin America Spirits Market, Net Growth, 2019-2029
Chart Latin America Spirits Market, Growth Rates, 2019-2029
Table Latin America Spirits Market by Product Type, 2019-2029
Chart Latin America Spirits Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Latin America Spirits Market by Product Type, 2019-2029
Table Latin America Spirits Market by Distribution Channel, 2019-2029
Chart Latin America Spirits Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Latin America Spirits Market by Distribution Channel, 2019-2029
Table Latin America Spirits Market by Country, 2019-2029
Chart Latin America Spirits Market by Country, CAGR Historic and Forecast, 2019-2029
Chart Latin America Spirits Market by Country, 2019-2029
Table Latin America Spirits Market Share (%), by Companies, 2019-2023
Chart Latin America Spirits Market, by Companies, 2023
Table Latin America Spirits Market Share (%), by Brands, 2019-2023
Chart Latin America Spirits Market, by Brands, 2023
Table Latin America – Population (Millions) and Forecast
Table Latin America – Consumer Price Index (CPI) and Forecast
Table Latin America – Gross Domestic Product and Forecast
Table Latin America Spirits Market: Spend as a Proportion of GDP (%)
Table Latin America Spirits Market: Consumption per Capita (Population)


Companies Mentioned


William Grant & Sons Ltd.
The Edrington Group Limited
Tequila Supremo, S.A. de C.V.
Tequila Centinela, S.A. de C.V.
Suntory Holdings Limited
Pernod Ricard Group
Miguel Torres S.A.
Mast-Jagermeister SE
Industrias Reunidas de Bebidas Tatuzinho 3 Fazendas Ltda.
Industrias Licoreras de Guatemala
Industria Licorera de Caldas
Industria de Bebidas Paris Ltda
Fratelli Branca Distillerie Srl
Fabrica de Licores y Alcoholes de Antioquia
Engarrafamento Pitu Ltda
Diageo plc
Destilerias Unidas S.A.
Davide Campari-Milano S.p.A.
Cooperativa Agricola Pisquera Elqui Limitada (CAPEL)
Compania Cervecerias Unidas S.A.
Companhia Muller de Bebidas Ltda
Brown-Forman Corporation
Bodega Las Copas S.L.
Becle, S.A.B. de C.V.
Bacardi Limited


Product Type

Industry Statistics

Region

Latin America

Published Date

2024

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