TEQUILA MARKET ANALYSIS

Tequila Market - By Purity (100% Tequila and Mixed), by Product Type (Blanco, Joven, Mixto Gold, Reposado, Anejo, and Extra Anejo), by Distribution Channel (B2B, B2C, and E-commerce), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Sep 2024
Code : CMI3074
Formats :
Excel and PDF
Industry : Food and Beverages

Market Challenges And Opportunities

Market Dynamics:

The growth of the global tequila market is expected to be driven by the increasing momentum of the cocktail culture. There is increasing demand of tequila in cocktails, which is not restricted to bars and restaurants, but also gaining demand within the parties organized at homes. The market is also gaining traction with the shift in the preferences of the consumers from binge drinking to more sophisticated drinking. For instance in the U.S., there is increasing demand for handcrafted tequila. Other factors that are contributing towards increasing demand for tequila include as economic growth of individuals, which contributes towards increase in demand for alcohol such as tequila and infrastructural development.

However, growth of the market is expected to be hampered by drop in the cultivation of agave plants in Mexico.