- 100% Tequila
- Mixto Tequila
- 60% Tequila
Tequila Market size was valued at USD 4,943 million in 2022 and poised to grow at a significant CAGR of nearly 4.5% over 2023-2029. Due to rising urbanization and increase in the economic status rising in the popularity of party culture increased the consuming the alcoholic drinks fueling the market growth. Additionally, rising disposable income, an increasing alcoholic consuming population will further boost the market growth. Moreover, the introduction of new tequila products and rising cocktail culture will further boost the market growth. However, decreasing in the cultivation of agave plants, and a rise in capital prices are some of the factors which are expected to hinder the market growth. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, the global tequila market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
Changing in the lifestyle, increasing in the huge number of pubs & clubs and rising party culture. Key manufacturers are concentrating to develop and manufacture better tequila. It is made with the agave plants which are found mostly in the dry lands of Mexico. It 50 to 60% of alcohol. Growing demand for alcoholic beverages during family dinners, official parties and commercials parties Moreover, rising disposable income, and rising demand of alcoholic based beverages will fuel the market growth during the forecast period.
The tequila market size was valued at USD 4,943 million in 2022.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.