The latest report published by IMARC Group, titled “Tequila Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global tequila market size reached US$ 13 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2027, exhibiting at a CAGR of 12.9% during 2022-2027.
Year Considered to Estimate the Market Size:
Tequila refers to distilled alcoholic beverages produced from the Agave Tequilana plant. They are fermented with additional sweeteners, including glucose, fructose, and artificial additives for flavorings, and can be categorized into several types, such as Blanco, Joven, Reposado, Anejo, etc. The alcohol content, color, and flavor of these tequila variants generally vary based on the duration of the aging process. Their moderate consumption aid in improving digestion, probiotic levels, and the absorption of calcium and magnesium and prevent the growth of healthful microbes in the intestines. Consequently, tequila drinks are in extensive demand among consumers across the globe.
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Market Trends:
The elevating popularity of cocktail culture, both in and out of the house, is among the key factors driving the tequila market. Besides this, the shifting preferences toward ultra-premium and exclusive handcrafted tequila are acting as significant growth-inducing factors. Moreover, the introduction of new products by leading market players created with natural ingredients, including coconut tangerine, lemon, strawberry, pineapple, mango, pear, etc., for expanding their product portfolio is also positively influencing the global market. Apart from this, the launch of canned tequila cocktails by numerous manufacturers that are convenient and cost-effective to boost their overall sales is further augmenting the market growth. In addition to this, the increasing availability of alcoholic beverages through e-commerce channels and the rising usage of Blanco as a base component in various cocktails, such as Margarita and Paloma, on account of its semi-sweet, earthy, and distinctive agave flavor are expected to propel the tequila market over the forecasted period.
Tequila Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the tequila market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the global tequila market based on product type, purity, price range, distribution channel and region.
Breakup by Product Type:
Breakup by Purity:
Breakup by Price Range:
Breakup by Distribution Channel:
Breakup by Region:
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Key Highlights of the Report:
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