Tequila Market Report 2023

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GLOBAL TEQUILA MARKET REPORT 2023
Global,Regional,CountryAnalysis
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INTRODUCTION
Tequila is an alcoholic drink which is made with
the agave plant that can only be produced in
certain regions of Mexico. There are several
styles of tequila and specific regulations that
distillers must follow. Tequila is enjoyed
globally and is most often consumed in Mexico and
the U.S. Hence, U.S. dominates the global tequila
industry with over 60 of value sales.
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KEY INSIGHTS
MARKET SIZE USD 10.13 Billion
2022
FORECAST USD 15.29 Billion
2029
CAGR 5.62.
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022

• Neat
• Mixed

Purity Segment

• B2B
• B2C

Distribution Channel
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Global Tequila Market Revenue share for 2022
North America 60
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Volume of alcohol consumption has increased
Drivers
High exposure to social media is driving craze
for tequila
Restraints
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AUTHOR'S PERSPECTIVE

• Global Tequila Market Report 2023 talks about
  crucial market insights with the help of segments
  and sub-segments analysis.
• Tequila has less sugar and calories than similar
  liquors, which makes it slightly healthier
  option.
• As the cocktail culture and the trends in the
  alcohol industry increase, so does the demand for
  premium tequila, which is stimulating high growth
  rate during the forecast period.
• In terms of distribution channel, the B2B segment
  dominated the market in year 2021 as culture of
  doing parties and going to pubs has increased a
  lot. The adoption of western culture across the
  globe has increased the consumption of cocktails.

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KEY PLAYERS
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