Colombia Liquor Market Report and Forecast 2025-2034
Description
The Colombia liquor market size is estimated to expand at a CAGR of 5.40% between 2025 and 2034.
The Colombia liquor market growth is driven by the rising consumption of alcoholic beverages by adults at social gatherings and corporate events. It is anticipated that the target market will further expand in the upcoming years, as major alcoholic beverage producers dedicate additional resources to introduce beverages with unique and exotic flavours.
The on-trade segment, which includes restaurants and pubs, significantly contributes to the sales of the product. Additionally, Colombia is a highly sought-after vacation destination worldwide, attracting numerous visitors during the holiday season. This influx of tourists has a significant influence on the sales of liquor, as people prefer to consume beverages during their vacations, consequently driving up the Colombia liquor market share.
Beer enjoys a significant market demand, with consumption per capita in Colombia reaching 48.9 litres in 2021. This marked a 24.7% increase compared to the previous year. Colombia has historically experienced fluctuations in beer consumption per capita. The increasing beer consumption in the country can be attributed to increasing disposable incomes and rapid urbanisation. Further, the consumer interest in other beverage types is also increasing, with the U.S. whiskeys and bourbons experiencing a surge in popularity. However, the major source of whisky for the Colombian market is the UK.
Women are emerging as a significant consumer market for alcoholic beverages. They are demanding sophisticated beverages and drinks that guarantee improved experience. The increasing participation of women in workforce and their rising preference for premium beverages provide lucrative opportunities for the market expansion.
Market Segmentation
Colombia Liquor Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Tequila
Whiskey
Vodka
Rum
Brandy
Gin
Market Breakup by Distribution Channel
Supermarkets and Hypermarkets
Speciality Stores
Convenience Stores
Online
Others
Competitive Landscape
The market participants are directing their attention towards the establishment of microbreweries and the production of craft beers, which are highly sought after due to their distinctive flavours and artisanal characteristics.
Diageo Plc
Pernod Ricard S.A.
Bacardi Ltd.
Dictador
Industria Licorera de Caldas
William Grant & Sons Ltd.
Parce Rum
RON LA HECHICERA S.A.S.
Empresa de Licores de Cundinamarca
Fábrica de Licores y Alcoholes de Antioquia
Others
The Colombia liquor market growth is driven by the rising consumption of alcoholic beverages by adults at social gatherings and corporate events. It is anticipated that the target market will further expand in the upcoming years, as major alcoholic beverage producers dedicate additional resources to introduce beverages with unique and exotic flavours.
The on-trade segment, which includes restaurants and pubs, significantly contributes to the sales of the product. Additionally, Colombia is a highly sought-after vacation destination worldwide, attracting numerous visitors during the holiday season. This influx of tourists has a significant influence on the sales of liquor, as people prefer to consume beverages during their vacations, consequently driving up the Colombia liquor market share.
Beer enjoys a significant market demand, with consumption per capita in Colombia reaching 48.9 litres in 2021. This marked a 24.7% increase compared to the previous year. Colombia has historically experienced fluctuations in beer consumption per capita. The increasing beer consumption in the country can be attributed to increasing disposable incomes and rapid urbanisation. Further, the consumer interest in other beverage types is also increasing, with the U.S. whiskeys and bourbons experiencing a surge in popularity. However, the major source of whisky for the Colombian market is the UK.
Women are emerging as a significant consumer market for alcoholic beverages. They are demanding sophisticated beverages and drinks that guarantee improved experience. The increasing participation of women in workforce and their rising preference for premium beverages provide lucrative opportunities for the market expansion.
Market Segmentation
Colombia Liquor Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Tequila
Whiskey
Vodka
Rum
Brandy
Gin
Market Breakup by Distribution Channel
Supermarkets and Hypermarkets
Speciality Stores
Convenience Stores
Online
Others
Competitive Landscape
The market participants are directing their attention towards the establishment of microbreweries and the production of craft beers, which are highly sought after due to their distinctive flavours and artisanal characteristics.
Diageo Plc
Pernod Ricard S.A.
Bacardi Ltd.
Dictador
Industria Licorera de Caldas
William Grant & Sons Ltd.
Parce Rum
RON LA HECHICERA S.A.S.
Empresa de Licores de Cundinamarca
Fábrica de Licores y Alcoholes de Antioquia
Others
Table of Contents
106 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Liquor Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Liquor Historical Market (2018-2024)
- 5.3 Latin America Liquor Market Forecast (2025-2034)
- 5.4 Latin America Liquor Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Colombia
- 5.4.3 Argentina
- 5.4.4 Colombia
- 5.4.5 Others
- 6 Colombia Liquor Market Overview
- 6.1 Key Industry Highlights
- 6.2 Colombia Liquor Historical Market (2018-2024)
- 6.3 Colombia Liquor Market Forecast (2025-2034)
- 7 Colombia Liquor Market by Type
- 7.1 Tequila
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Whiskey
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Vodka
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Rum
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Brandy
- 7.5.1 Historical Trend (2018-2024)
- 7.5.2 Forecast Trend (2025-2034)
- 7.6 Gin
- 7.6.1 Historical Trend (2018-2024)
- 7.6.2 Forecast Trend (2025-2034)
- 8 Colombia Liquor Market by Distribution Channel
- 8.1 Supermarkets and Hypermarkets
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Specialty Stores
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Convenience Stores
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Online
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 Market Dynamics
- 9.1 SWOT Analysis
- 9.1.1 Strengths
- 9.1.2 Weaknesses
- 9.1.3 Opportunities
- 9.1.4 Threats
- 9.2 Porter’s Five Forces Analysis
- 9.2.1 Supplier’s Power
- 9.2.2 Buyers Powers
- 9.2.3 Threat of New Entrants
- 9.2.4 Degree of Rivalry
- 9.2.5 Threat of Substitutes
- 9.3 Key Indicators for Demand
- 9.4 Key Indicators for Price
- 10 Value Chain Analysis
- 11 Trade Data Analysis (HS Code – 228)
- 11.1 Major Exporting Countries
- 11.1.1 By Value
- 11.1.2 By Volume
- 11.2 Major Importing Countries
- 11.2.1 By Value
- 11.2.2 By Volume
- 12 Price Analysis
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Diageo Plc
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Pernod Ricard S.A.
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Bacardi Ltd.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 Dictador
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Industria Licorera de Caldas
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 William Grant & Sons Ltd.
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Parce Rum
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 RON LA HECHICERA S.A.S.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Empresa de Licores de Cundinamarca
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Fábrica de Licores y Alcoholes de Antioquia
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
Pricing
Currency Rates
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