Tequila Market Report by Product Type (Blanco, Joven, Mixto Gold, Reposado, Anejo, Extra Anejo), Purity (100% Tequila, 60% Tequila), Price Range (Premium Tequila, Value Tequila, Premium and Super-Premium Tequila, Ultra-Premium Tequila), Distribution Channel (Off-Trade, On-Trade), and Region 2024-2032
The global tequila market size reached US$ 16.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.5 Billion by 2032, exhibiting a growth rate (CAGR) of 10.7% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 16.5 Billion
Market Forecast in 2032
US$ 42.5 Billion
Market Growth Rate (2024-2032)
10.7%
Tequila is a distilled alcoholic beverage produced from the Agave Tequilana plant. It is fermented with additional sweeteners, such as glucose and fructose, and artificial additives for flavorings. The alcohol content, flavor and color of tequila generally vary depending on the duration of the aging process. Its moderate consumption aids in digestion, increasing probiotic levels, enhancing the absorption of calcium and magnesium, and supporting the growth of healthful microbes in the intestines. It is widely utilized as a base ingredient in cocktails and is popular among young individuals across the globe.
Tequila Market Trends:
A significant rise in the popularity of cocktail culture both in and out of the house represents one of the key factors impelling the global tequila market growth. Moreover, due to changing lifestyles and inflating income levels, ultra-premium and exclusive handcrafted tequila variants are gaining traction around the world. Apart from this, the leading players are introducing variants produced with natural ingredients, such as lemon, coconut tangerine, strawberry, pineapple, mango and pear to expand their product portfolio. They are also offering canned tequila cocktails, which are convenient and cost-effective, to increase their overall sales. However, on account of the spread of the coronavirus disease (COVID-19), governments of several countries have implemented complete lockdowns and social distancing measures to contain the spread of the pandemic. Although the on-premises sales of tequila have decreased, there is a rise in the demand for alcoholic beverages through e-commerce channels in some countries.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tequila market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, purity, price range, and distribution channel.
Breakup by Product Type:
Blanco
Joven
Mixto Gold
Reposado
Anejo
Extra Anejo
Breakup by Purity:
100% Tequila
60% Tequila
Breakup by Price Range:
Premium Tequila
Value Tequila
Premium and Super-Premium Tequila
Ultra-Premium Tequila
Breakup by Distribution Channel:
Off-Trade
Supermarkets and Hypermarkets
Discount Stores
Online Stores
Others
On-Trade
Restaurants and Bars
Liquor Stores
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players:
Ambhar Tequila
Bacardi Limited
Beam Suntory Inc. (Suntory Beverage & Food Ltd)
Brown–Forman
Diageo Plc
Dos Lunas
El Agave Artesanal
El Grado Tequila
Jose Cuervo
Tequila Arette
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product Type, Purity, Price Range, Distribution Channel, Region
Regions Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Ambhar Tequila, Bacardi Limited, Beam Suntory Inc. (Suntory Beverage & Food Ltd), Brown–Forman, Diageo Plc, Dos Lunas, El Agave Artesanal, El Grado Tequila, Jose Cuervo and Tequila Arette
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global tequila market was valued at US$ 16.5 Billion in 2023.
We expect the global tequila market to exhibit a CAGR of 10.7% during 2024-2032.
The emerging trend of social drinking, along with the growing popularity of canned tequila cocktails, is
currently driving the global tequila market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary decline in on-premises sales of tequila.
However, there is a rising demand for alcoholic beverages through e-commerce channels.
Based on the product type, the global tequila market has been segregated into Blanco, Reposado, Mixto
Gold, Anejo, Joven, and Extra Anejo. Currently, Blanco tequila represents the largest market share.
Based on the purity, the global tequila market can be categorized into 100% tequila and 60% tequila,
where 100% tequila currently exhibits a clear dominance in the market.
Based on the price range, the global tequila market has been divided into premium tequila, value
tequila, premium and super-premium tequila, and ultra-premium tequila. Amongst these, premium and
super-premium tequila currently accounts for the majority of the total market share.
Based on the distribution channel, the global tequila market can be bifurcated into off-trade and on-
trade. Currently, on-trade channel holds the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global tequila market include Ambhar Tequila, Bacardi Limited, Beam Suntory Inc. (Suntory Beverage & Food Ltd), Brown–Forman, Diageo Plc, Dos Lunas, El Agave Artesanal, El Grado Tequila, Jose Cuervo, Tequila Arette, etc.
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