Tequila Market Size, Share, Global Industry Analysis, Growth Opportunity & Forecast till 2027

 

Tequila is a type of distilled spirit, which is prepared by distillation of the fermented juice of weber blue agave plant. As per the International Wine & Spirit Research, blue agave plant distilled beverage is the second-fastest growing spirit in the category from past few years. Tequila is a strong alcoholic liquor which was originated in Mexico & at times forms the basis for many types of mixed drinks.

The rise in the popularity of cocktail culture both in & out of the houses is key driving factor which expected to boost the global tequila market growth over the forecast period. Also, change in the lifestyles and inflating income levels, ultra-premium & exclusive handcrafted tequila variants are gaining significant popularity around the world. Apart from this, the key operating players are introducing variants produced with natural ingredients, including coconut tangerine, lemon, strawberry, pineapple, pear, and mango to expand their product portfolio. They are also providing canned tequila cocktails, which are cost effective & convenient, to increase their overall sales.

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The growing demand for fresh and delicious exotic drinks for a unique taste by consumer will positively impact the growth of global tequila market. As consumers attracted towards more sophisticated & premium beverages will propel the demand for products throughout the forecast period. Moreover, the growing urbanization is one of the prominent factors will accelerate the target market growth. 

The increase in trend for low alcoholic beverages to hinder the global tequila market growth. The increase in consumers demand for low & no alcohol beverages due to their growing awareness about the ill effects of alcohol on health acts as a major restraint in the market growth.

Market Segmentation 

The Global Tequila Market is segmented into type such as Blanco, Anejo, Reposado, and Others, by grade such as Value, Premium, High-End Premium, and Super Premium. Further, market is segmented into distribution channel such as On-trade, and Off-trade.

Also, the Global Tequila Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. 

Regional Analysis 

The United States is expected to hold major share in the overall market, due to the increase in interests in the spirit will positively influence the demand in the region.  The Europe is projected to hold second-largest position in the tequila market across the globe and remain the same throughout the forecast period. The rise in popularity of artisanal spirits in countries including, Spain, Germany, and the U.K. has contributed to the tequila market growth. In APAC region, the spirit is gaining popularity in countries like China & Australia, due to the increase in imports along with consumers seeking quality over quantity & preferring spirits made in small batches will accelerate the market growth.

 Key Players

Various key operating players are listed in this report such as Dos Lunas Spirits, LLC, AMBHAR Global Spirits LLC., Tequila512, El Grado, Cascahuin Distillery, Tequilera de Arandas Company, William Grant & Sons, Inc, Tequila Don Julio SA de CV, etc. 

Market Taxonomy

By Type

  • Blanco
  • Anejo
  • Reposado
  • Others 

By Grade

  • Value
  • Premium
  • High-End Premium
  • Super Premium 

By Distribution Channel

  • On-trade
  • Off-trade 

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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About Us

 

QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which help our clients outperform their competition.

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