According to the latest research, the wine market in Latin America is poised to grow by USD 11.3 billion during 2024-2029, progressing at a CAGR of 7.3% during the forecast period. Steady economic growth in countries like Argentina, Chile, Brazil, and Mexico has led to increased disposable incomes, allowing more consumers to afford luxury goods, including wine. The expansion of the middle class in many Latin American countries has resulted in higher spending power and a greater demand for premium and imported wines.
Younger consumers in Latin America are showing an increased interest in wine, favoring it over traditional alcoholic beverages. This demographic shift is driving demand for innovative and diverse wine products.
This report presents a detailed overview of the Latin America wine industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like product, distribution channel, and country. This detailed analysis supports the identification of growth opportunities within the wine industry.
Market Segmentation
The wine market in Latin America is structured as follows:
Product: fortified wine, non-grape wine, sparkling wine, still wine, others
Distribution channel: convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, specialty stores, small grocery stores, foodservice channels, e-commerce, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others
The Latin America wine market is segmented on the basis of product, distribution channel, and country. On the basis of product, the wine market in Latin America has been segmented into fortified wine, non-grape wine, sparkling wine, still wine, and others. By distribution channel, the wine market in Latin America has been segmented into convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, specialty stores, small grocery stores, foodservice channels, e-commerce, and others. Geographically, the wine market in Latin America is segmented into Argentina, Brazil, Chile, Colombia, Mexico, and others.
Competitive Landscape
The Latin America wine market is highly competitive. The leading players in the wine market include Aitor Ider Balbo S.A.A.C.I., Antonio Basso & Filhos Ltda, Bodegas Esmeralda S.A., Bodegas Norton SA, Bodegas Valentin Bianchi SA, Bodegas y Vinedos Garbin S.A., Bodegas y Vinedos Lopez SA, Casa Di Conti Ltda., Cepas Argentinas S.A., Compania Cervecerias Unidas S.A., Cooperativa Vinicola Aurora Ltda., FeCoVitA Coop. Ltda., Grupo Penaflor S.A., J. LLORENTE Y CIA. S.A., La Madrilena S.A. de C.V., LVMH Moet Hennessy Louis Vuitton SA (LVMH), Molinos Rio de la Plata S.A., Pernod Ricard Group, RPB S.A., S.A. Vina Santa Rita, Valle Redondo S.A. De C.V., Vina Concha Y Toro S.A., Vinhos Salton SA Industria e Comercio, Vinicola L. A. Cetto S.A. de C.V., Vinicola Miolo Ltda.
This report provides a thorough assessment of the Latin America wine market, examining the performance of leading players from 2019 to 2023. The analysis offers critical information on market share dynamics, pinpointing dominant incumbents as well as rising challengers. Leveraging this data enables companies to refine their strategies, seize growth opportunities, and sustain competitive advantage in an increasingly dynamic market environment.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Latin America wine market.
Gain deep insights into the dynamics of the Latin America wine market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latin America wine market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewLatin America wine market – product analysis
Latin America wine market – distribution channel analysis
Latin America wine market – country analysis
Key players and market share
– Aitor Ider Balbo S.A.A.C.I.
– Antonio Basso & Filhos Ltda
– Bodegas Esmeralda S.A.
– Bodegas Norton SA
– Bodegas Valentin Bianchi SA
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Latin America wine market 2019-2029
Chart Latin America wine market, net growth, 2019-2029
Chart Latin America wine market, growth rates, 2019-2029
Table Latin America wine market by product, 2019-2029
Chart Latin America wine market by product, CAGR historic and forecast, 2019-2029
Chart Latin America wine market by product, 2019-2029
Table Latin America wine market by distribution channel, 2019-2029
Chart Latin America wine market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latin America wine market by distribution channel, 2019-2029
Table Latin America wine market by country, 2019-2029
Chart Latin America wine market by country, CAGR historic and forecast, 2019-2029
Chart Latin America wine market by country, 2019-2029
Table Latin America wine market share (%), by companies, 2019-2023
Chart Latin America wine market, by companies, 2023
Table Latin America wine market share (%), by brands, 2019-2023
Chart Latin America wine 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 wine market: spend as a proportion of GDP (%)
Table Latin America wine market: consumption per capita (population)