Question 1

How big is the global tequila market?

Accepted Answer

The global tequila market reached US$10.5 billion in 2022 and is projected to reach US$16.1 billion by 2031, growing at a CAGR of 5.5%.

Question 2

Where is the largest tequila market?

Accepted Answer

North America holds the highest share of the tequila market due to factors like growing consumer preference for agave spirits, a large Hispanic population, and well-established trade relations with Mexico.

Question 3

What are the key trends driving tequila market growth?

Accepted Answer

Two key trends are propelling the tequila market:  increasing demand for premium tequilas and the popularity of tequila cocktails. Consumers are seeking high-quality agave spirits and enjoying creative tequila-based drinks.

Question 4

Who are the key players in Tequila Market ?

Accepted Answer

Major players are Diageo Plc., Tequila Ocho, Bacardi & Company Ltd., Vault Fine Spirits Pvt. Ltd., Charbay Distillery, Tequila Fortaleza, Proximo Spirits, Inc., Brown-Forman Corporation, Pernod Ricard S.A and Casa Aceves Spirits.

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Tequila Market Size, Share, Industry, Forecast and outlook (2024-2031)

1. How big is the global tequila market?

2. Where is the largest tequila market?

3. What are the key trends driving tequila market growth?

4. Who are the key players in Tequila Market ?

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