The Global 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.           

Global Tequila Market 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.

 

In 2023, the Distilled Spirits Council of the United States (DISCUS) stated that sales of spirits in the U.S. grew by about 1.2%, amounting to a total of around 308.8 million nine-liter cases compared to that of 2022. Additionally, which included tequila/mezcal sales increased by nearly 7.9%. Furthermore, craft spirits enjoyed strong performance across several key consuming nations including India, Vietnam, and especially in their domestic market, the US. This has soared the demand for high-quality and exotic flavor spirits, resulting in tequila-producing companies launching such products for consumers.

 

Processing craft and small-batch tequilas is leading to the formulation of a new customer base due to their traditional, artisanal production methods that prioritize quality, authenticity, and limited quantities. These tequilas are produced with different forms of agave, terroir, and production techniques, etc. Therefore, to meet the demand for artisanal spirits, manufacturers are introducing innovative flavors that further augment the Global Tequila Market growth.

 

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Key Market Reports Highlights

• Market Dimensions & Projections
• Pricing Evaluation
• Recent Strategic Moves by Companies
• Primary Stakeholders
• Import/Export Trend Analysis
• Competitive Landscape Assessment
• Emerging Opportunities
• Market Trends and Indicators

 

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Global Tequila Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2024

-Historical Period: 2020 to 2023

-Forecast Period: 2025 to 2030

• 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
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

 

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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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