Tequila Market Overview and Insights:
According to Markntel Advisors Report, Tequila Market size was valued at 415.4 million liters in 2023 and is projected to reach 594.7 million liters by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.26% during the forecast period, i.e., 2025-30.
Tequila Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Industry Growth Driver:
Growing Inclination Towards Craft and Artisanal Spirits Driving the Market Growth- The surging popularity of a variety of artisanal drinks among consumers has fueled the escalating demand for blue agave plant-based distilled spirits worldwide. Customers seeking fresh and flavorful beverages that offer a distinctive taste are contributing to the growth of the tequila market. Main brewers like Patron Spirits International have introduced unique flavors such as floral, black pepper, turmeric, and pumpkin to cater to consumer preferences while exploring new tastes.
What is Included in Tequila Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Blanco- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- Joven- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- Reposado- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- Curados- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- Cristalino- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- Others (Anejo, Extra Anejo) - Market Size Forecast 2020- 2030, USD Million Thousand Liters
By Grade
- Value- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- Premium- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- Others (Super Premium, Ultra-Premium)- Market Size Forecast 2020- 2030, USD Million Thousand Liters
By Purity
- 100% Tequila- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- Mixto Tequila- Market Size Forecast 2020- 2030, USD Million Thousand Liters
By Distribution Channel
- Off-Trade- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- - Supermarkets/Hypermarkets- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- - Liquor Stores- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- - Online Retail- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- - Others (Kiosks, Convenience Stores, etc.)- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- On-Trade- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- - Restaurants Bars- Market Size Forecast 2020- 2030, USD Million Thousand Liters
- - Others (Hotels, Nightclubs, etc.)- Market Size Forecast 2020- 2030, USD Million Thousand Liters
Amongst them all, the on-trade segment is leading in terms of market growth. On-trade establishments, such as restaurants and bars, since the historical years, have been crucial in driving tequila sales due to their role as social hubs and entertainment venues. These establishments provide a platform for consumers to experience and appreciate different tequila varieties through tastings, cocktails, and recommendations from knowledgeable staff. The ambiance and social setting of restaurants and bars create opportunities for tourists to explore and enjoy tequila in a convivial atmosphere. Additionally, bartenders often play a key role in educating patrons about particular liquor, its production methods, and serving suggestions, enhancing the overall drinking experience. The personalized service and interactive nature of on-trade establishments have long been instrumental in shaping consumer preferences and promoting the consumption of tequila.
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
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Who are the Key Players Operating in the Tequila Industry?
The top companies of the Tequila market ruling the industry are:
- Becle,
- S.A.B. de C.V.,
- Amber Beverage Group,
- Bacardi Limited,
- Suntory Group,
- Brown–Forman,
- Diageo Plc,
- Pernord Ricard,
- Davide Campari-Milano N.V.,
- Solento Inc.,
- Constellation Brands, Inc.,
- Asahi Beverages,
- LVMH (Moët Hennessy),
- Heaven Hill Distilleries, Inc. ,
- Casa Aceves, Others
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Tequila Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Tequila industry?
- Which is the Leading segment in the market?
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