The Latin America API market was valued at $12,613.7 Million in 2025, and is projected to reach $20,279.4 Million by 2032 growing at a CAGR of 7.06% from 2026 to 2032. Captive API manufacturers segment is expected to be the highest contributor to this market, with $7,488.6 Million in 2025, and is anticipated to reach $11,428.3 Million by 2032, registering a CAGR of 6.26%. Merchant API manufacturers segment is anticipated to reach $8,851.1 Million by 2032 with the highest CAGR of 8.15%.
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