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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Bacardi Limited, established in 1862, is a privately held spirits company with its headquarters in Hamilton, Bermuda. Some of its popular products include rum, vodka, tequila, wine, and beer, among others.
Diageo Plc, a multinational alcoholic beverages company, was incorporated in 1997 and based in London, the United Kingdom. Its product portfolio includes tequila, scotch, whisky, gin, and non-alcoholic products.
Constellation Brands, Inc. is one of the leading manufacturers of alcoholic beverages and was founded in 1945. The company, based in New York, the United States, produces its products under the brand names Corona Light, Corona Premier, Casa Noble, and Mi CAMPO, among others.
Other tequila market players include Pernod Ricard S.A., Beam Suntory Inc., Ambhar Global Spirits, LLC, Brown-Forman Corporation, Davide Campari-Milano N.V, Casa Aceves, and Proximo Spirits, Inc., among others.
Tequila Market Report Snapshots
Tequila Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 11.87 billion.
The market is projected to grow at a CAGR of 6.00% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 20.07 billion by 2032.
The major market drivers are the increased momentum of cocktail culture across the world and the popularity of tequila among health-conscious consumers due to its low calorie and sugar content.
The key trends of the market include the growing popularity of mixing spirits in cocktails, increasing consumption of premium spirits, the launch of new products with unique flavours, and the implementation of sustainable agave plantation methods by key players.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The various product types are blanco, joven, mixto gold, reposado, and anejo.
The key players in the market are Bacardi Limited, Diageo Plc, Constellation Brands, Inc., Pernod Ricard S.A., Beam Suntory Inc., Ambhar Global Spirits, LLC, Brown-Forman Corporation, Davide Campari-Milano N.V, Casa Aceves, and Proximo Spirits, Inc., among others.
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