Latin America Wine Tourism Market Size & Outlook
The wine tourism market in Latin America is expected to reach a projected revenue of US$ 7,909.4 million by 2030. A compound annual growth rate of 12.9% is expected of Latin America wine tourism market from 2024 to 2030.
Revenue, 2023 (US$M)
$3,392.3
Forecast, 2030 (US$M)
$7,909.4
CAGR, 2024 - 2030
12.9%
Report Coverage
Latin America
Latin America wine tourism market, 2018-2030 (US$M)
Latin America wine tourism market highlights
- The Latin America wine tourism market generated a revenue of USD 3,392.3 million in 2023.
- The market is expected to grow at a CAGR of 12.9% from 2024 to 2030.
- In terms of segment, wine tastings and tours was the largest revenue generating service in 2023.
- Wine Tastings and Tours is the most lucrative service segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 3,392.3 million |
| Market revenue in 2030 | USD 7,909.4 million |
| Growth rate | 12.9% (CAGR from 2023 to 2030) |
| Largest segment | Wine tastings and tours |
| Fastest growing segment | Wine Tastings and Tours |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wine Tastings and Tours |
| Key market players worldwide | The Prisoner Wine, The Wine Group, Grape Escapes Nova Scotia Wine Tours, Cellar Rat Wine Merchants, BKWine, Pure Luxury Transportation, Inc., Sula Vineyards |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.3% of the global wine tourism market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,367.2 million by 2030.
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Wine Tourism Market Scope
Wine tourism market segmentation & scope
Tourist Type
Domestic
International
Booking Mode
Direct Booking
Travel Agencies
Online Marketplaces
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Norway
Sweden
Denmark
China
India
Japan
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Wine Tourism Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related regional statistics
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