Markntel Advisors’ report, Tequila Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Tequila presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Tequila Market Research Report & Market Summary:
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. The growing culture of cocktails, house parties, etc., has been notably fueling the growth of the Global Tequila Market. Low sugar levels in tequila when compared to other spirits are also attributed to its wide consumption. Globally, tequila is considered a celebration spirit and is widely utilized as a base ingredient in cocktails or directly consumed as shots.
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Tequila Market Dynamics:
Key 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.
Tequila Market Segmentation Analysis:
According to MarkNtel study the market is segmented 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
Out of them all, Blanco has been dominating the market. Blanco due to the lower duration of fermentation, is produced in larger quantities and thus can fulfill the growing demand for tequila at a greater pace compared to the other variants of tequila.
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.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Europe has observed rapid growth in the Global Tequila Market. The trend of drinking premium and hand-crafted alcohol is widely growing popular in European countries due to consumers shifting focus towards craft distilleries and authentically produced tequila.
As indicated in the latest market research report published by Markntel Advisors, “Tequila Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Tequila industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/tequila-market.html
Top Companies Operating in the Tequila Market:
- 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
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Tequila Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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