The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Tequila Global Market Report 2023, the tequila market is expected to show significant growth in the forecast period.

Key insights from the tequila market forecast include:

1. Market Size

The global tequila market is expected to grow from $12.10 billion in 2022 to $13.35 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The global tequila market size is expected to reach $19.32 billion in 2027 at a CAGR of 9.7%.

2. Major Driver

The growing consumer preference for agave-based drinks is likely to move the tequila market forward. According to CNBC, a US-based news programme, sales of agave-based spirits surged by 30.1% year on year to USD 5.2 billion in February 2022. As a result, rising consumer preference for agave-based drinks is propelling the tequila business forward.

View More On The Tequila Market Report 2023 – https://www.thebusinessresearchcompany.com/report/tequila-global-market-report

3. Key Trend

Product innovation is a crucial trend that is gaining traction in the tequila market. To boost their market position, major tequila makers are concentrating on introducing unique products. For example, Diageo, a UK-based multinational alcoholic beverage firm, will offer Astral Tequila in the United States in April 2022, a premium tequila created from 100% blue Weber agave. Diageo is reintroducing the product with new packaging that is both elegant and ageless, a new and distinct recipe created in a new distillery that results in a new liquid, and new marketing strategies.

4. Major Players

Major players in the tequila market are Ambhar Tequila, Bacardi Limited, Diageo Plc, AMBHAR Global Spirits LLC., Pernod Ricard, Constellation Brands Inc., Brown-Forman Corporation, Suntory Holdings Limited, Dos Lunas Spirits LLC, El Grado Tequila, Thai Beverage public co., kirin holdings co Ltd., Christian Dior SE, The Molson Coors Brewing Company, Asahi Group Holdings Ltd.

5. Top Market Segments

The global tequila market is segmented –

1) By Type: Blanco, Reposado, Anejo, Other Types

2) By Purity: Premium Tequila, Value Tequila, Premium and Super-Premium Tequila, Ultra-Premium Tequila

3) By Distribution Channel: On-Trade, Off-Trade

Request A Sample Of The Global Tequila Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9130&type=smp

The Tequila Global Market Report 2023  provides an in-depth analysis on the tequila market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the tequila market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Spirits Global Market Report 2023
Polymer Biomaterial Global Market Report 2023
Petrochemicals Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model