LATAM Premium Spirit Market Size & Outlook, 2025-2033

LATAM Premium Spirit Market Insights

According to Deep Market Insights analysis, the LATAM Premium Spirit Market size stood at USD 17.83 Billion in 2024 and is forecasted to reach USD 38.87 Billion by 2033.
The market is projected to grow at a CAGR of 9.1% between 2025 and 2033.
By segment, Whisky And Whiskey was the leading Spirit Type in terms of market size in 2024.
Gin is expected to be the most lucrative Spirit Type segment, exhibiting the fastest growth throughout the forecast period.

In 2024, LATAM accounted for 10% of the global Premium Spirit Market size.
By 2033, United States is projected to lead the global market in terms of market size.
Chile is projected to emerge as the fastest-growing market in LATAM, reaching USD 2.88 Billion by 2033.

Report Scope	Details
Base Year for Study	2024
Study Period	2021-2033
Historical Period	2021-2023
Forecast Period	2025-2033
Market Size In 2024	USD 17.83 Billion
Market Size In 2033	USD 38.87 Billion
Largest segment	Whisky And Whiskey
Units	Revenue in USD Billion
CAGR	9.1% (2025-2033)
Segmnetation Covered
LATAM	Brazil Mexico Argentina Colombia Chile
Spirit Type	Whisky And Whiskey Vodka Gin Rum Tequila And Mezcal Brandy And Cognac
Price Tier	Premium Super-Premium Ultra-Premium And Luxury
Distribution Channel	On-Trade (Bars, Hotels, Clubs) Off-Trade (Liquor And Modern Retail) Online Alcohol Platforms
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Brazil	XX.x	XX.x	XX.x	7.76	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Colombia	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Chile	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Spirit Type	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Whisky And Whiskey	XX.x	XX.x	XX.x	6.49	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Vodka	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Gin	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Rum	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Tequila And Mezcal	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Brandy And Cognac	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Price Tier	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
Premium	XX.x	XX.x	XX.x	8.67	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Super-Premium	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Ultra-Premium And Luxury	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

Distribution Channel	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033
On-Trade (Bars, Hotels, Clubs)	XX.x	XX.x	XX.x	9.74	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Off-Trade (Liquor And Modern Retail)	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Online Alcohol Platforms	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x