Global Tequila Market 2021-2028 - Research and Markets

The publisher infers that the global tequila market is anticipated to witness growth at a CAGR of 4.71% over the forecasted period of 2021-2028.

Factors such as growing preference for premium tequila, the launch of new experimental flavors, and changing perception of tequila owing to its health benefits are driving the market’s growth. In recent years, there has been a growing demand for innovative and exotic flavors by consumers. As a result, players are introducing new flavors to meet the growing demand. For instance, Dulce Vida Spirits added a new line of flavored tequilas, including lime and grapefruit.

However, the dependency on the US and Mexico, rising raw material costs, and anti-alcohol campaigns are impeding the tequila market’s expansion.

REGIONAL OUTLOOK

The global tequila market encompasses the regions of North America, the Asia-Pacific, Latin America, Europe, and the Middle East and Africa.
The Asia-Pacific is anticipated to witness the fastest growth rate in the tequila market. The rise in population in the region has created several opportunities for the vendors. For instance, the wide population base in China and India has the highest potential for spirits and alcohol. Additionally, the surge in disposable income, lifestyle changes, and increasing adoption of western culture are influencing the demand for tequila across the region. Furthermore, premiumization, trade pacts, and rising e-commerce platforms are another set of factors widening the market’s growth in the APAC region.

COMPETITIVE OUTLOOK

The leading companies in the tequila market include Diageo Plc, Asahi Group Holdings Ltd, E and J Gallo Winery Inc, Constellation Brands, Jose Cuervo, Beam Suntory Inc, Brown Forman Corporation, Tequila Centinela, La Martiniquaise, Pernod Ricard SA, Anheuser Busch Inbev, Bacardi and Co Ltd, Sazerac Company Inc, and Luxco Inc.
Bacardi and Co Ltd produces and markets a wide range of spirits and wines. The company provides its products under a portfolio of multiple brands, including Bacardi, Dewar’s, Martini, and Grey Goose, among others. It has operations across numerous regions, including Asia-Pacific, Latin America, Europe, and North America. Additionally, it has over 29 production facilities comprising botting, distilling, and manufacturing. Bacardi is headquartered in Hamilton, Bermuda.

Frequently Asked Questions about the Global Tequila Market

What is the estimated value of the Global Tequila Market?

The Global Tequila Market was estimated to be valued at $13127.1 Million in 2021.

What is the growth rate of the Global Tequila Market?

The growth rate of the Global Tequila Market is 4.7%, with an estimated value of $18118.38 Million by 2028.

What is the forecasted size of the Global Tequila Market?

The Global Tequila Market is estimated to be worth $18118.38 Million by 2028.

Who are the key companies in the Global Tequila Market?

Key companies in the Global Tequila Market include Anheuser Busch Inbev, Asahi Group Holdings Ltd, Bacardi and Co Ltd, Beam Suntory Inc, Brown Forman Corporation, Constellation Brands, Diageo plc, E and J Gallo Winery Inc, Jose Cuervo and La Martiniquaise.

Report Attribute	Details
No. of Pages	158
Published	August 2021
Forecast Period	2021 - 2028
Estimated Market Value ( USD ) in 2021	$ 13127.1 Million
Forecasted Market Value ( USD ) by 2028	$ 18118.38 Million
Compound Annual Growth Rate	4.7%
Regions Covered	Global

1. Global Tequila Market - Summary

2. Industry Outlook

2.1. Impact of Covid-19 on Tequila Market
2.2. Key Insights
2.2.1. Tequila Brands Supporting Women Empowerment
2.2.2. Tequila's Evolution as a Drink
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitutes
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Acquisitions
2.6.2. Product Launches
2.6.3. Contracts & Agreements
2.6.4. Investments & Expansions
2.7. Market Drivers
2.7.1. Growing Preference for Premium Tequila
2.7.2. Introduction of New Experimental Flavors
2.7.3. Changing Perception of Tequila Due to Health Benefits
2.8. Market Challenges
2.8.1. Over-Reliance on the Us and Mexico Due to Concentrated Production
2.8.2. Rising Raw Material Costs
2.8.3. Anti-Alcohol Campaigns
2.9. Market Opportunities
2.9.1. Rising Number of Tequila Startups
2.9.2. Influence of Cristalino Tequila

3. Global Tequila Market Outlook - by Product

3.1. Value
3.2. Premium
3.3. Super Premium
3.4. High-End Premium

4. Global Tequila Market Outlook - by Distributors

4.1. Supermarkets & Hypermarkets
4.2. Liquor Specialist Stores
4.3. Online Retailing
4.4. Other Distributors

5. Global Tequila Market - Regional Outlook

5.1. North America
5.1.1. Market by Product
5.1.2. Market by Distributors
5.1.3. Country Analysis
5.1.3.1. United States
5.1.3.2. Canada
5.2. Europe
5.2.1. Market by Product
5.2.2. Market by Distributors
5.2.3. Country Analysis
5.2.3.1. United Kingdom
5.2.3.2. Germany
5.2.3.3. France
5.2.3.4. Spain
5.2.3.5. Italy
5.2.3.6. Russia
5.2.3.7. Rest of Europe
5.3. Asia-Pacific
5.3.1. Market by Product
5.3.2. Market by Distributors
5.3.3. Country Analysis
5.3.3.1. China
5.3.3.2. Japan
5.3.3.3. India
5.3.3.4. South Korea
5.3.3.5. Asean Countries
5.3.3.6. Australia & New Zealand
5.3.3.7. Rest of Asia-Pacific
5.4. Latin America
5.4.1. Market by Product
5.4.2. Market by Distributors
5.4.3. Country Analysis
5.4.3.1. Brazil
5.4.3.2. Mexico
5.4.3.3. Rest of Latin America
5.5. Middle East and Africa
5.5.1. Market by Product
5.5.2. Market by Distributors
5.5.3. Country Analysis
5.5.3.1. United Arab Emirates
5.5.3.2. Saudi Arabia
5.5.3.3. Turkey
5.5.3.4. South Africa
5.5.3.5. Rest of Middle East & Africa

6. Competitive Landscape

6.1. Anheuser Busch Inbev
6.2. Asahi Group Holdings Ltd
6.3. Bacardi and Co Ltd
6.4. Beam Suntory Inc
6.5. Brown Forman Corporation
6.6. Constellation Brands
6.7. Diageo plc
6.8. E and J Gallo Winery Inc
6.9. Jose Cuervo
6.10. La Martiniquaise
6.11. Luxco Inc
6.12. Pernod Ricard Sa
6.13. Sazerac Company Inc
6.14. Tequila Centinela

7. Research Methodology & Scope

7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology

Table List

Table 1: Global Tequila Market, by Geography, 2021-2028 (In $ Million)
Table 2: Vendor Scorecard
Table 3: Tequila Export Countries in 2020 (Liters in Millions)
Table 4: Global Tequila Market, by Product, 2021-2028 (In $ Million)
Table 5: Global Tequila Market, by Distributors, 2021-2028 (In $ Million)
Table 6: Global Tequila Market, by Geography, 2021-2028 (In $ Million)
Table 7: North America Tequila Market, by Country, 2021-2028 (In $ Million)
Table 8: North America Tequila Market, by Product, 2021-2028 (In $ Million)
Table 9: North America Tequila Market, by Distributors, 2021-2028 (In $ Million)
Table 10: Europe Tequila Market, by Country, 2021-2028 (In $ Million)
Table 11: Europe Tequila Market, by Product, 2021-2028 (In $ Million)
Table 12: Europe Tequila Market, by Distributors, 2021-2028 (In $ Million)
Table 13: Top Tequila Buyers in Belgium
Table 14: Asia-Pacific Tequila Market, by Country, 2021-2028 (In $ Million)
Table 15: Asia-Pacific Tequila Market, by Product, 2021-2028 (In $ Million)
Table 16: Asia-Pacific Tequila Market, by Distributors, 2021-2028 (In $ Million)
Table 17: Latin America Tequila Market, by Country, 2021-2028 (In $ Million)
Table 18: Latin America Tequila Market, by Product, 2021-2028 (In $ Million)
Table 19: Latin America Tequila Market, by Distributors, 2021-2028 (In $ Million)
Table 20: Mexico's Exports of Tequila from 2016-2020 (In Million Liters)
Table 21: Middle East and Africa Tequila Market, by Country, 2021-2028 (In $ Million)
Table 22: Middle East and Africa Tequila Market, by Product, 2021-2028 (In $ Million)
Table 23: Middle East and Africa Tequila Market, by Distributors, 2021-2028 (In $ Million)

Figure List

Figure 1: Market Attractiveness Index
Figure 2: Global Tequila Market, by Product, 2020 & 2028 (In %)
Figure 3: Global Tequila Market, by Value, 2021-2028 (In $ Million)
Figure 4: Global Tequila Market, by Premium, 2021-2028 (In $ Million)
Figure 5: Global Tequila Market, by Super Premium, 2021-2028 (In $ Million)
Figure 6: Global Tequila Market, by High-End Premium, 2021-2028 (In $ Million)
Figure 7: Global Tequila Market, by Distributors, 2020 & 2028 (In %)
Figure 8: Global Tequila Market, by Supermarkets & Hypermarkets, 2021-2028 (In $ Million)
Figure 9: Global Tequila Market, by Liquor Specialist Stores, 2021-2028 (In $ Million)
Figure 10: Global Tequila Market, by Online Retailing, 2021-2028 (In $ Million)
Figure 11: Global Tequila Market, by Other Distributors, 2021-2028 (In $ Million)
Figure 12: Global Tequila Market, Regional Outlook, 2020 & 2028 (In %)
Figure 13: United States Tequila Market 2021-2028 (In $ Million)
Figure 14: Canada Tequila Market 2021-2028 (In $ Million)
Figure 15: United Kingdom Tequila Market 2021-2028 (In $ Million)
Figure 16: Germany Tequila Market 2021-2028 (In $ Million)
Figure 17: France Tequila Market 2021-2028 (In $ Million)
Figure 18: Spain Tequila Market 2021-2028 (In $ Million)
Figure 19: Italy Tequila Market 2021-2028 (In $ Million)
Figure 20: Russia Tequila Market 2021-2028 (In $ Million)
Figure 21: Rest of Europe Tequila Market 2021-2028 (In $ Million)
Figure 22: China Tequila Market 2021-2028 (In $ Million)
Figure 23: Japan Tequila Market 2021-2028 (In $ Million)
Figure 24: India Tequila Market 2021-2028 (In $ Million)
Figure 25: South Korea Tequila Market 2021-2028 (In $ Million)
Figure 26: Asean Countries Tequila Market 2021-2028 (In $ Million)
Figure 27: Australia & New Zealand Tequila Market 2021-2028 (In $ Million)
Figure 28: Rest of Asia-Pacific Tequila Market 2021-2028 (In $ Million)
Figure 29: Brazil Tequila Market 2021-2028 (In $ Million)
Figure 30: Mexico Tequila Market 2021-2028 (In $ Million)
Figure 31: Rest of Latin America Tequila Market 2021-2028 (In $ Million)
Figure 32: United Arab Emirates Tequila Market 2021-2028 (In $ Million)
Figure 33: Saudi Arabia Tequila Market 2021-2028 (In $ Million)
Figure 34: Turkey Tequila Market 2021-2028 (In $ Million)
Figure 35: South Africa Tequila Market 2021-2028 (In $ Million)
Figure 36: Rest of Middle East & Africa Tequila Market 2021-2028 (In $ Million)