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Description
Tequila Market size valued at USD 4,943 million in 2021 and poised to grow at a significant CAGR of nearly 4.5% over 2022-2028. Due to rising urbanization and increase in the economic status rising in the popularity of party culture increasing in the consuming the alcoholic drinks fueling the market growth. Additionally, rising disposable income, 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, rise in the 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).
