How big is the Tequila Market?

The Tequila Market size is expected to reach 457.96 million liters in 2024 and grow at a CAGR of 5.48% to reach 597.97 million liters by 2029. Read More

What is the current Tequila Market size?

In 2024, the Tequila Market size is expected to reach 457.96 million liters. Read More

Who are the key players in Tequila Market?

Bacardi and Company Ltd.,, Diageo PLC, Pernod Ricard, Constellation Brands, Inc. and Suntory Holdings Limited are the major companies operating in the Tequila Market. Read More

Which is the fastest growing region in Tequila Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Tequila Market?

In 2024, the North America accounts for the largest market share in Tequila Market. Read More

What years does this Tequila Market cover, and what was the market size in 2023?

In 2023, the Tequila Market size was estimated at 432.86 million liters. The report covers the Tequila Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tequila Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are key sustainability challenges in the Tequila Industry?

The key sustainability challenges in the Tequila Industry are a) Dependence on specific agave variety can make the industry vulnerable to price fluctuations and supply chain disruptions b) Agave cultivation can lead to deforestation and soil erosion if not managed sustainably Read More

Tequila Market - Share, Trends & Industry Statistics

Tequila Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Tequila Industry Statistics & Growth and It is Segmented by Type (Blanco, Reposado, Anejo, and Others); Distribution Channel (Off-Trade and On-Trade); and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD Million) for the Above Segments.

Tequila Industry Overview

The tequila market is moderately consolidated with extensive production concentrated in Mexico and the United States. The major players in the market are focusing on product innovation and the enhancement of distribution capabilities to target a wider consumer base in the worldwide market. Some of the major players present in the market studied are Bacardi and Company Ltd., Diageo PLC, Pernod Ricard SA, Constellation Brands, Inc., and Suntory Holdings Limited. Industry participants aim to accelerate online presence through strategic partnerships with e-commerce platforms to capture the interest of online shoppers across emerging markets. For instance, in May 2021, Severo, the Mexican hand-crafted tequila rolled out in the U.S. through online retailers of California and New Jersey.