Report Code : CVMI_070329 | Published Date : March 7, 2025

Market Overview The Latin American gin market has seen rapid expansion in recent years, fueled by increasing consumer interest in premium spirits and cocktail culture. Traditionally dominated by beer and rum, the region has embraced gin as a versatile and sophisticated alternative. Urban centers such as São Paulo, Buenos Aires, and Mexico City have become hotspots for craft gin distilleries and mixology innovations. The demand for unique botanical flavors, locally sourced ingredients, and premium brands has contributed to the rising popularity of gin in Latin America.

 

Market Size & Growth Projections

The Latin America gin market was valued at USD 1.8 billion in 2019 and grew to USD 2.5 billion by 2023. It is projected to reach USD 5.1 billion by 2031, exhibiting a CAGR of 7.2% from 2024 to 2031. This growth is attributed to rising disposable incomes, expanding cocktail culture, and the increasing presence of premium and craft gin brands in major cities across the region.

 

Key Growth Drivers

  1. Emergence of Craft Distilleries: Latin America is experiencing a boom in small-scale gin production, with distilleries focusing on local botanicals and unique flavors.
  2. Rise of Cocktail Culture: The growing trend of craft cocktails in bars, restaurants, and at-home mixology has increased the demand for premium and artisanal gins.
  3. Influence of Tourism & Hospitality: Latin America’s thriving tourism industry has led to increased consumption of premium spirits, including gin, in upscale bars, hotels, and resorts.
  4. E-commerce & Digital Marketing Expansion: Online liquor sales and digital promotions have made premium gin brands more accessible to a broader audience.
  5. Shifting Consumer Preferences: Younger consumers are exploring sophisticated spirits, favoring gin-based drinks over traditional options like rum and tequila.

 

Challenges & Restraints

  • High Import Costs & Taxes: Many premium gin brands face high tariffs and import duties, making them expensive for consumers.
  • Competition from Local Spirits: Traditional spirits such as rum, cachaça, and tequila continue to dominate, posing a challenge to gin’s market penetration.
  • Limited Distribution Networks: While premium gins are gaining traction in urban centers, rural areas still have limited access to high-quality brands.

 

Competitive Landscape & Key Players

The Latin American gin market features a mix of global giants and emerging regional distilleries. Key players include:

  • Diageo (Tanqueray, Gordon’s Gin): A dominant force in the region with a well-established distribution network.
  • Pernod Ricard (Beefeater, Malfy Gin): Targeting high-end consumers with premium gin offerings.
  • William Grant & Sons (Hendrick’s Gin): Gaining traction among mixology enthusiasts and luxury gin drinkers.
  • Bacardi (Bombay Sapphire): Leveraging its brand reputation to capture the Latin American market.
  • Emerging Craft Distilleries: Regional brands such as Principe de los Apóstoles (Argentina), Amázzoni Gin (Brazil), and La República (Colombia) are redefining local gin consumption.

 

Regional Market Insights

  • Brazil: The largest gin market in Latin America, driven by craft distilleries and the demand for premium spirits in major cities.
  • Mexico: Rapidly growing gin consumption, especially in urban bars and luxury resorts catering to international tourists.
  • Argentina: Strong craft gin movement, with several boutique distilleries gaining recognition for their unique botanical blends.
  • Chile & Colombia: Emerging gin markets with increasing demand for high-quality spirits in the hospitality sector.

 

Future Outlook

The Latin America gin market is poised for continued growth as premiumization trends, local craft gin production, and cocktail culture continue to flourish. Expansion of e-commerce, digital marketing strategies, and investment in innovative flavors will drive market penetration. As consumers shift toward sophisticated drinking experiences, the demand for premium and craft gins is expected to rise, making Latin America an exciting frontier for gin producers.





Reasons To Buy

Image



Scope

Image

Key Players

  • Diageo Plc
  • Pernod Ricard
  • William Grant & Sons
  • Bacardi Limited
  • Campari Group

 

Latin America Gin Market Report

  1. 1. Global Latin America Gin Market Research Report
    1. 1.1 Studyt Objectives
      1.2 Latin America Gin Market - Overview
      1.3 Reason to Read This Report
      1.4 Methodology and Forecast Analysis


      2.  

    2. Global Latin America Gin Market Research Report - Preface
    1. 2.1 Global Latin America Gin Market Research Report – Detailed Scope and Definitions
      1. 2.1.1 By Product Type
        2.1.2 By Alcohol Content
        2.1.3 By Price Range
        2.1.4 By Distribution Channel
        2.1.5 By End-User
        2.1.6 By Country
        2.1.7 By Region


        2.  

    3. Global Latin America Gin Market Dynamics
    1. 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
      3.2. Restraints – By Product Type, By Alcohol Content, By Price Range, By Distribution Channel, By End-User, By Country, By Country
      3.3. Opportunities – By Product Type, By Alcohol Content, By Price Range, By Distribution Channel, By End-User, By Country, By Country
      3.4. Trends – By Product Type, By Alcohol Content, By Price Range, By Distribution Channel, By End-User, By Country, By Country
      3.5. PEST Analysis
      3.6. Porters Five Rule Analysis
      3.7. Company’s Share Analysis (CSA) by Region or By Country
      3.8. Global Latin America Gin Market Research Report – DROTs Impact Analysis


      2.  

    4. Global Latin America Gin Market Research Report , Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
    1. 4.1.Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      4.2.Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%).
      4.3.Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
      4.4.Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


      2.  

    5. Global Latin America Gin Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 5.1 London Dry Gin
      1. 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      5.2 Plymouth Gin
      1. 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      5.3 Old Tom Gin
      1. 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      5.4 Genever
      1. 5.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      5.5 Compound Gin
      1. 5.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      5.6 Flavored & Infused Gin
      1. 5.6.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.6.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.6.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.6.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  

    6. Global Latin America Gin Market, By Alcohol Content, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 6.1 Standard Gin (37.5% - 40% ABV)
      1. 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      6.2 High-Proof Gin (Above 45% ABV)
      1. 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      6.3 Low-Alcohol & Non-Alcoholic Gin (Below 10% ABV or 0%)
      1. 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  

    7. Global Latin America Gin Market, By Price Range, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 7.1 Economy Gin
      1. 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      7.2 Premium Gin
      1. 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      7.3 Super-Premium & Luxury Gin
      1. 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  

    8. Global Latin America Gin Market, By Distribution Channel, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 8.1 Off-Trade Sales
      1. 8.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        8.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        8.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        8.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      8.2 Online Retailers
      1. 8.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        8.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        8.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        8.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  

    9. Global Latin America Gin Market, By End-User, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 9.1 Individual Consumers
      1. 9.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        9.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        9.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        9.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      9.2 Commercial Establishments
      1. 9.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        9.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        9.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        9.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  

    10. Global Latin America Gin Market, By Country, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 10.1 Brazil
      1. 10.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        10.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        10.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        10.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      10.2 Mexico
      1. 10.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        10.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        10.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        10.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      10.3 Argentina
      1. 10.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        10.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        10.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        10.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  
      10.4 Colombia and Rest of Latin America
      1. 10.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        10.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        10.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        10.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031



        2.  

    11. Global Latin America Gin Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
    1. 11.1 Latin America
      1. 11.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        11.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        11.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        11.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


        2.  

      11.2 Global Latin America Gin Market - Opportunity Analysis Index, By Product Type, By Alcohol Content, By Price Range, By Distribution Channel, By End-User, By Country, and Region, 2024 - 2031

    12. Latin America Latin America Gin Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 12.1 By Product Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.1.1 London Dry Gin
        12.1.2 Plymouth Gin
        12.1.3 Old Tom Gin
        12.1.4 Genever
        12.1.5 Compound Gin
        12.1.6 Flavored & Infused Gin



        2.  
      12.2 By Alcohol Content Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.2.1 Standard Gin (37.5% - 40% ABV)
        12.2.2 High-Proof Gin (Above 45% ABV)
        12.2.3 Low-Alcohol & Non-Alcoholic Gin (Below 10% ABV or 0%)



        2.  
      12.3 By Price Range Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.3.1 Economy Gin
        12.3.2 Premium Gin
        12.3.3 Super-Premium & Luxury Gin



        2.  
      12.4 By Distribution Channel Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.4.1 Off-Trade Sales
        12.4.2 Online Retailers



        2.  
      12.5 By End-User Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.5.1 Individual Consumers
        12.5.2 Commercial Establishments



        2.  
      12.6 By Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.6.1 Brazil
        12.6.2 Mexico
        12.6.3 Argentina
        12.6.4 Colombia and Rest of Latin America



        2.  
      12.7 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.7.1 Brazil
        12.7.2 Mexico
        12.7.3 Argentina
        12.7.4 Peru
        12.7.5 Colombia
        12.7.6 Rest of Latin America


        2.  

      12.8 Latin America Latin America Gin Market – Opportunity Analysis Index, By Product Type, By Alcohol Content, By Price Range, By Distribution Channel, By End-User, By Country, and Country, 2024 - 2031

      12.9 Regional Trends Analysis

      12.10 Latin America Latin America Gin Market Research Report - Company Profiles
      1. 12.10.1 Company 1 (Brazil)
        12.10.2 Company 2 (Mexico)
        12.10.3 Company 3 (Mexico)


        2.  


      2.  

    13. Competition Landscape
    1. 13.1 Strategic Dashboard of Top Market Players

      13.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
      1. 13.2.1 Diageo Plc
        13.2.2 Pernod Ricard
        13.2.3 William Grant & Sons
        13.2.4 Bacardi Limited
        13.2.5 Campari Group


        2.  

    14. Data Collection Method and Research Approach

    15. Principal Presumptions and Acronyms




    2.