Latin America Arak Market

Latin America Arak Market Size, Share, Growth (2022-2027):

Latin America Arak Market was worth USD 3.35 billion in 2022 and is estimated to be growing at a CAGR of 3.41%, reaching USD 3.96 billion by 2027

Latin America Arak Market Overview

Arak is a clear, colorless, unsweetened anise-flavored distilled alcoholic drink. Arak is the traditional alcoholic beverage in the Arab world, especially in the Levant/Mashriq and Iran, and Turkey. Arak is usually mixed in proportions of approximately one-third arak and two-thirds water in a traditional Eastern Mediterranean water vessel called Abarik. Arak is commonly served with Mezza, which may include dozens of small traditional dishes. In general, arak drinkers prefer to consume it this way, rather than alone. It is also consumed with barbecues, along with garlic sauce.

Latin America Arak Market Drivers:

Primary factors driving the market are increasing local demand for arak in various developed and developing countries, increasing trend of using arak as an ingredient in Cocktails, increasing disposable income, and changing lifestyles. However, factors like strict regulations, health concerns due to long-term use, an the increasing trend of other alcoholic beverages are restricting the market's growth.

Latin America Arak Market Segmentation:

based on

• Source Type 

• Distribution Channel

Based on Source Type

• Obeidi or Merwah Grapes 

• Anise Seeds

Based on Distribution Channels

• Supermarkets

• Travel Retails

• Liquor Shop

• Bar/Pub

Latin America Arak Market Regional Analysis

• Mexico

• Argentina

• Brazil

and the Rest of Latin America. Brazil is dominating the market due to the increasing urban population and increasing trend of using arak in cocktails. Argentina is expected to grow the fastest owing to its increasing disposable income and growing urban population. The Obeidi or merwah grape arak drink holds the major share in the market while the anise seeds segment is expected to grow the fastest due to its increasing popularity. Based on distribution channel supermarkets hold the major share in the market while liquor shops segment is expected to grow the fastest.

Latin America Arak Market Keyplayers:

1. Abi Raad Group Sarl

2. Kawar Arak

3. Lebanese Fine Wines

4. Haddad Distilleries

5. Eagle Distilleries

6. Chateau Ksara

7. Lebanese Arak Corporation 

8. Domaine des Tourelles