The combined revenue is forecast to experience significant growth in all segments in 2029. Concerning the eight selected segments, the segment Tequila has the largest combined revenue with 11.2 billion U.S. dollars. Contrastingly, Soju is ranked last, with 66.79 million U.S. dollars. Their difference, compared to Tequila, lies at 11.2 billion U.S. dollars.
At-home revenue. At home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels.
Supplementary notes
Data provided by Statista Market Insights are estimates.
Definition:
The Spirits market includes alcoholic beverages that have been produced through the distillation of wine, fermented fruits, or grains. Due to the distillation process, the alcohol content of spirits is much higher than that of most wines and beers, typically ranging from 20% to 50% alcohol by volume (ABV).
Structure:
The Spirits market is divided into 8 markets:
The Whisky market encompasses spirits on a grain basis that have been aged in wooden casks for a duration of at least three years.
The Vodka market encompasses spirits based on grain and/or potatoes.
The Rum market encompasses spirits based on sugar cane.
The Gin market encompasses spirits based on juniper berries.
The Brandy market encompasses spirits based on fermented fruit juice.
The Tequila market encompasses spirits made primarily from the blue agave plant (Agave tequilana) in Mexico.
The Soju market encompasses the Korean distilled beverage, Soju, which is traditionally made from rice, barley, or sweet potatoes.
The Liqueurs & Other Spirits market encompasses all other spirits not previously mentioned as well as Ready-to-Drink (RTD) cocktails.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.
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Statista. (June 14, 2024). Revenue of the spirits market in Latin America and the Caribbean from 2019 to 2029, by segment (in million U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/forecasts/1452959/spirits-market-revenue-in-latin-america-by-segment
Statista. "Revenue of the spirits market in Latin America and the Caribbean from 2019 to 2029, by segment (in million U.S. dollars)." Chart. June 14, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/forecasts/1452959/spirits-market-revenue-in-latin-america-by-segment
Statista. (2024). Revenue of the spirits market in Latin America and the Caribbean from 2019 to 2029, by segment (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/forecasts/1452959/spirits-market-revenue-in-latin-america-by-segment
Statista. "Revenue of The Spirits Market in Latin America and The Caribbean from 2019 to 2029, by Segment (in Million U.S. Dollars)." Statista, Statista Inc., 14 Jun 2024, https://www.statista.com/forecasts/1452959/spirits-market-revenue-in-latin-america-by-segment
Statista, Revenue of the spirits market in Latin America and the Caribbean from 2019 to 2029, by segment (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1452959/spirits-market-revenue-in-latin-america-by-segment (last visited November 05, 2024)
Revenue of the spirits market in Latin America and the Caribbean from 2019 to 2029, by segment (in million U.S. dollars) [Graph], Statista, June 14, 2024. [Online]. Available: https://www.statista.com/forecasts/1452959/spirits-market-revenue-in-latin-america-by-segment