Latin America beverage consumption reached 350 billion liters, with soft drinks taking 40 percent of the volume, yet the patterns behind that total are anything but uniform. Brazil sits at 82 liters of per capita soft drink consumption, sliding 2 percent as health rules tighten, while Peru drops to 45 liters of carbonated soft drinks after sugar tax implementations. Keep going and the picture gets more varied, from bottled water surges driven by tap water distrust to coffee and energy drinks reshaping daily habits.
Key Takeaways
- Brazil per capita soft drink consumption was 82 liters in 2023, highest in Latin America, down 2% from 2022 due to health regulations.
- Mexico's annual beer consumption averaged 68 liters per capita in 2023, representing 42% of total alcoholic beverage intake.
- In Argentina, bottled water consumption reached 120 liters per capita in 2023, up 15% since 2020 amid tap water distrust.
- Coca-Cola FEMSA operated 15 plants in Latin America in 2023, producing 50 billion liters annually across Mexico and South America.
- Ambev dominated Brazil's beer market with 68% share in 2023, producing brands like Brahma and Skol.
- PepsiCo's Latin American revenue from beverages was USD 15 billion in 2023, with Gatorade leading sports drinks.
- The Latin American soft drinks market was valued at USD 102.4 billion in 2022, projected to grow at a CAGR of 4.8% to reach USD 135.7 billion by 2030.
- Brazil's beverage industry generated revenues of BRL 150 billion in 2023, accounting for 45% of the total Latin American beverage market share.
- Mexico's carbonated soft drinks segment reached MXN 250 billion in sales in 2023, with a 3.5% YoY growth driven by sugary drink taxes impacts.
- Brazil produced 28 billion liters of soft drinks in 2023, with Coca-Cola brands accounting for 35% of output.
- Mexico's beer production reached 12.5 billion liters in 2023, exported 25% to the US market.
- Argentina manufactured 1.8 billion liters of bottled water in 2023, with local springs supplying 70%.
- 40% of Latin American consumers prefer low/no-sugar beverages in 2023, up from 25% in 2019.
- Plant-based milk consumption in Brazil grew 28% YoY in 2023, reaching 5% of total milk market.
- Functional beverages in Mexico saw 15% growth in 2023, driven by immunity-boosting claims post-COVID.
Latin America drank 350 billion liters in 2023, led by soft drinks and shifting toward low sugar.
Related reading
01 · Category
Consumption Patterns20 stats
01
Brazil per capita soft drink consumption was 82 liters in 2023, highest in Latin America, down 2% from 2022 due to health regulations.
02
Mexico's annual beer consumption averaged 68 liters per capita in 2023, representing 42% of total alcoholic beverage intake.
03
In Argentina, bottled water consumption reached 120 liters per capita in 2023, up 15% since 2020 amid tap water distrust.
04
Colombia's coffee consumption stood at 4.2 kg per capita in 2023, with ready-to-drink formats growing 12% YoY.
05
Peruvians consumed 45 liters of carbonated soft drinks per capita in 2023, a 3% decline due to sugar tax implementations.
06
Chile's energy drink intake averaged 8.5 liters per capita in 2023, driven by 18-24 age group at 25% market share.
07
In 2023, Latin America's total beverage consumption volume hit 350 billion liters, with soft drinks at 40% share.
08
Ecuadorians drank 55 liters of fruit juices per capita annually in 2023, boosted by tropical fruit availability.
09
Venezuela's beer consumption per capita fell to 35 liters in 2023 from 50 in 2019 due to economic constraints.
10
Uruguay's RTD tea consumption grew to 15 liters per capita in 2023, a 20% increase linked to wellness trends.
11
Average annual soft drink consumption in Mexico was 180 liters per capita in 2023.
12
Beer consumption in Brazil averaged 55 liters per capita in 2023.
13
Bottled water per capita in Chile reached 140 liters in 2023.
14
Juice consumption in Peru was 28 liters per capita annually in 2023.
15
Energy drinks per capita in Argentina hit 10 liters in 2023.
16
Total beverage volume per capita in Latin America averaged 250 liters in 2023.
17
Coffee RTD consumption in Colombia was 12 liters per capita in 2023.
18
Wine consumption per capita in Uruguay stood at 25 liters in 2023.
19
Functional beverage intake in Ecuador averaged 15 liters per capita in 2023.
20
Non-alcoholic beer consumption grew 10% per capita in Venezuela 2023.
Interpretation
Consumption Patterns Interpretation
While health-conscious regulations and economic woes are sobering up Latin America's beverage landscape, a stubbornly high collective thirst for soft drinks proves we'd still rather fight than switch.
02 · Category
Key Players and Brands20 stats
01
Coca-Cola FEMSA operated 15 plants in Latin America in 2023, producing 50 billion liters annually across Mexico and South America.
02
Ambev dominated Brazil's beer market with 68% share in 2023, producing brands like Brahma and Skol.
03
PepsiCo's Latin American revenue from beverages was USD 15 billion in 2023, with Gatorade leading sports drinks.
04
Grupo Modelo (AB InBev) held 60% of Mexico's beer market in 2023 with Corona and Modelo Especial.
05
Danone captured 25% of Argentina's bottled water market in 2023 via Villavicencio brand.
06
Postobón led Colombia's soft drinks with 35% share in 2023, focusing on Colombiana soda.
07
Backus (SABMiller/AB InBev) controlled 90% of Peru's beer market in 2023 with Cristal brand.
08
CCU held 45% of Chile's non-alcoholic beverages market in 2023, strong in juices and waters.
09
Latin America's top 10 beverage companies accounted for 75% market share in 2023, led by FEMSA and Ambev.
10
Embotelladora Andina produced 10 billion liters for Coca-Cola in 2023 across Argentina, Brazil, Chile.
11
Bavaria (SABMiller) dominated 65% of Colombia's beer sales in 2023 with Águila and Club Colombia.
12
Heineken held 20% of Brazil's beer market in 2023 with Amstel and Heineken brands.
13
Nestle Waters dominated Peru's bottled water with 30% share in 2023.
14
Suntory PepsiCo expanded to USD 2 billion revenue in Chile 2023.
15
Ajegroup captured 15% of Ecuador's soft drinks with Big Cola in 2023.
16
FEMSA's market cap from beverages hit USD 30 billion in 2023.
17
Bavaria's revenue from beer was COP 10 trillion in 2023.
18
CCU's non-alc segment revenue grew 12% to CLP 500 billion in 2023.
19
Refrescos del Ecuador al Forja held 25% local soda market in 2023.
20
Molson Coors gained 10% in Colombia beer via Andean Beer Co. in 2023.
Interpretation
Key Players and Brands Interpretation
The Latin American beverage landscape in 2023 was a starkly carved oligopoly, where a few corporate titans, wielding brands as iconic as national flags, commanded astonishing market shares, proving that while thirst is universal, the business of quenching it is anything but democratic.
03 · Category
Market Size and Growth20 stats
01
The Latin American soft drinks market was valued at USD 102.4 billion in 2022, projected to grow at a CAGR of 4.8% to reach USD 135.7 billion by 2030.
02
Brazil's beverage industry generated revenues of BRL 150 billion in 2023, accounting for 45% of the total Latin American beverage market share.
03
Mexico's carbonated soft drinks segment reached MXN 250 billion in sales in 2023, with a 3.5% YoY growth driven by sugary drink taxes impacts.
04
The overall Latin America beverage market size stood at USD 450 billion in 2023, with non-alcoholic beverages comprising 60% of the total.
05
Argentina's bottled water market expanded to ARS 120 billion in 2023, growing at 6.2% CAGR amid health trends.
06
In 2023, Colombia's energy drinks market hit COP 2.5 trillion, with a 7.1% annual growth rate fueled by urban youth consumption.
07
Peru's fruit juice market value was PEN 4.8 billion in 2023, reflecting a 5.4% CAGR from 2019-2023 due to natural product demand.
08
Chile's alcoholic beverages sector reached CLP 3.2 trillion in 2023, up 4.2% YoY with beer dominating at 55% share.
09
The Latin American RTD tea and coffee market was valued at USD 8.5 billion in 2023, expected to grow to USD 12.3 billion by 2028 at 7.7% CAGR.
10
Ecuador's soft drinks revenue totaled USD 1.2 billion in 2023, with a projected 5.0% CAGR through 2030.
11
Brazil's Latin American soft drinks market was valued at USD 102.4 billion in 2022, projected to grow at a CAGR of 4.8% to USD 135.7 billion by 2030.
12
The non-alcoholic beverages market in Latin America is expected to reach USD 300 billion by 2027, growing at 5.5% CAGR.
13
In 2023, the energy drinks market in Latin America generated USD 4.2 billion in revenue.
14
Bottled water market in Latin America reached USD 25 billion in 2023, with 6% CAGR forecast to 2030.
15
Fruit juice and nectar sales in Latin America totaled USD 18.7 billion in 2023.
16
Alcoholic beverages market volume in Latin America was 85 billion liters in 2023.
17
RTD coffee market in Brazil alone was BRL 2.5 billion in 2023.
18
Sports drinks segment grew to USD 3.1 billion across Latin America in 2023.
19
Carbonated soft drinks revenue in Mexico hit USD 12.5 billion in 2023.
20
Overall beverage market CAGR in Colombia projected at 4.2% from 2023-2028.
Interpretation
Market Size and Growth Interpretation
Latin America's beverage industry is a hydra-headed giant where one can watch, in real time, the war between sugar-fueled tradition and health-conscious innovation being fought in the cash registers of every country, from Brazil's colossal soft drink empire to Argentina's surging bottled water and Colombia's caffeinated youth.
More related reading
04 · Category
Production and Supply Chain20 stats
01
Brazil produced 28 billion liters of soft drinks in 2023, with Coca-Cola brands accounting for 35% of output.
02
Mexico's beer production reached 12.5 billion liters in 2023, exported 25% to the US market.
03
Argentina manufactured 1.8 billion liters of bottled water in 2023, with local springs supplying 70%.
04
Colombia's fruit juice production volume was 1.2 billion liters in 2023, 60% from concentrate processing.
05
Peru exported 500 million liters of pisco in 2023, with production totaling 850 million liters domestically.
06
Chile produced 2.1 billion liters of wine in 2023, 45% destined for export markets in Asia.
07
Latin America's total soft drink production capacity exceeded 400 billion liters in 2023, with Brazil holding 30%.
08
Ecuador's cane sugar-based beverage production hit 800 million liters in 2023, supplying 80% local market.
09
Bolivia's beer production grew to 450 million liters in 2023, with craft segment at 10% share.
10
Paraguay produced 300 million liters of yerba mate-infused drinks in 2023, 90% for domestic use.
11
Latin America soft drink production totaled 120 billion liters in 2023.
12
Beer production in Peru reached 1.1 billion liters in 2023.
13
Juice concentrate production in Brazil was 2.5 million tons in 2023.
14
Bottled water output in Colombia hit 900 million liters in 2023.
15
Wine production volume in Argentina was 1.4 billion liters in 2023.
16
Energy drink manufacturing in Mexico totaled 1.5 billion liters in 2023.
17
Supply chain costs for beverages in Chile rose 8% in 2023 due to logistics.
18
Yerba mate production for drinks in Paraguay was 250 million liters equivalent in 2023.
19
Pisco distillation in Peru produced 120 million liters in 2023.
20
Craft soda production in Ecuador grew to 150 million liters in 2023.
Interpretation
Production and Supply Chain Interpretation
If you're wondering where the party's at, Latin America's beverage industry is it, fiercely guarding its local springs and sugar cane while also ensuring the world stays caffeinated, hydrated, and slightly tipsy through a colossal, frothy river of soda, beer, and pisco.
05 · Category
Trends and Innovations17 stats
01
40% of Latin American consumers prefer low/no-sugar beverages in 2023, up from 25% in 2019.
02
Plant-based milk consumption in Brazil grew 28% YoY in 2023, reaching 5% of total milk market.
03
Functional beverages in Mexico saw 15% growth in 2023, driven by immunity-boosting claims post-COVID.
04
Argentina's craft beer segment expanded 22% in 2023, with 1,200 microbreweries operating.
05
Colombia's ready-to-drink coffee sales surged 35% in 2023 due to convenience store expansions.
06
Peru's non-alcoholic fermented drinks like chicha grew 18% in 2023 amid probiotic trends.
07
Chile adopted 25% more sustainable packaging in beverages by 2023, reducing plastic by 12%.
08
E-commerce beverage sales in Latin America rose 40% to USD 20 billion in 2023.
09
Energy drinks with natural caffeine gained 30% market penetration in Ecuador in 2023.
10
Zero-sugar variants now 25% of soft drink sales in Latin America 2023.
11
CBD-infused beverages launched in 5 Latin countries, sales up 50% in 2023.
12
Premiumization trend boosted alcohol sales 18% in Brazil 2023.
13
Hard seltzers grew 40% volume in Mexico in 2023.
14
Upcycled ingredient drinks in Argentina up 22% consumer interest 2023.
15
AI-optimized flavor development adopted by 15% of producers in 2023.
16
Delivery apps accounted for 20% of beverage sales in urban LA 2023.
17
Collagen-added drinks sales doubled in Chile 2023.
Interpretation
Trends and Innovations Interpretation
Latin America is collectively sobering up and smartening up, swapping sugar for function, mass-produced for craft, and plastic for planet-friendly—all while ordering it online and spiking it with CBD or collagen just to keep things interesting.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
David Sutherland. (2026, February 13). Latin America Beverage Industry Statistics. Gitnux. https://gitnux.org/latin-america-beverage-industry-statistics
MLA
David Sutherland. "Latin America Beverage Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/latin-america-beverage-industry-statistics.
Chicago
David Sutherland. 2026. "Latin America Beverage Industry Statistics." Gitnux. https://gitnux.org/latin-america-beverage-industry-statistics.
Sources & references
82 datasets cited across this report · attribution is report-level