Tequila and Mezcal Market size is projected to reach $12.1 billion by 2026, growing at a CAGR of 6.7% over 2021-2026. Tequila and Mezcal is a type of alcohol that is both obtained by a common plant, known as Agave.
Tequila and Mezcal Market size is projected to reach $12.1 billion by 2026, growing at a CAGR of 6.7% over 2021-2026. Tequila and Mezcal is a type of alcohol that is both obtained by a common plant, known as Agave. The plant has several varieties, each having its characteristic with different saturations of methanol, aldehydes and esters. An interesting fact is that all tequila is mezcal, while not all mezcal is tequila. It is owed to the fact that blue weber agave gives rise to Tequila, while any preparation from the agave plant is Mezcal.
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The Ardent spirit market is projected to grow at a CAGR of 6.1% during the forecast period 2021-2026, and is poised to contribute a market value equivalent of $25 Billion by 2026. Ardent spirits are a category of ethyl alcohol that are fermented from vegetables and fruits and go through several rounds of distillations.
The Ardent spirit market is projected to grow at a CAGR of 6.1% during the forecast period 2021-2026, and is poised to contribute a market value equivalent of $25 Billion by 2026.
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