August 12, 2022 06:33 ET | Source: Research and Markets Research and Markets

Dublin, Aug. 12, 2022 (GLOBE NEWSWIRE) -- The "Tequila Market By Product Type, By Grade, By Application, By Distribution Channel, and By Region Forecast to 2028" report has been added to ResearchAndMarkets.com's offering. The global tequila market size is expected to reach USD 14.35 billion in 2028 and register a revenue CAGR of 5.4% over the forecast period, according to the latest report. The growing popularity of tequila-based cocktails is expected to be a key driver of the market growth.

The market is being driven by premiumization, with continued growth in premium and super-premium products outpacing that of lower-priced variants. The growing popularity of premium and super-premium tequila brands is another major factor driving the market growth. The premiumization trend has been gaining popularity in the alcoholic beverages industry, especially in the tequila market. For instance, in January 2019, Casa Herradura launched its premium tequila brand, Reserva de la Familia, in the US market. The product is priced at USD 250 per bottle and is only available in limited quantities. Similarly, in November 2018, Patron Spirits International AG launched its ultra-premium tequila brand, Gran Patron Burdeos, in the US market. Tequila is made from the blue agave plant, which is native to Mexico. Traditionally, tequila was produced in the Mexican state of Jalisco, but today it is produced in several other states as well. The vast majority of tequila exported to the United States is produced in Jalisco. There are three main types of tequila: blanco (white or silver), reposado (aged for two months to one year), and anejo (aged for one to three years). Extra anejo is a relatively new category, introduced in 2006, for tequilas that have been aged for more than three years. Some Key Highlights from the Report:

Major companies in the market include Bacardi Ltd., Campari America LLC, Diageo PLC, Eastside Distilling Inc., Ambhar Global Spirits LLC, Becle SAB De CV, Constellation Brands Inc., Brown-Forman Corporation, E. and J. Gallo Winery, and Tequila Ocho.

Key Topics Covered: Chapter 1. Market Synopsis Chapter 2. Executive Summary Chapter 3. Indicative Metrics Chapter 4. Tequila Market Segmentation & Impact Analysis 4.1. Tequila Market Material Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers' analysis 4.2.2.1. Surging demand for premium alcoholic beverages 4.2.2.2. Increasing innovations in product development 4.2.2.3. Rise in cocktail culture 4.2.3. Market restraints analysis 4.2.3.1. Availability of substitute products 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter's Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis 4.9. Customer Mapping 4.10. Covid-19 Impact Analysis 4.11. Global Recession Influence Chapter 5. Tequila Market By Product Type Insights & Trends 5.1. Product Type Dynamics & Market Share, 2021 & 2028 5.2. Blanco 5.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) 5.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 5.3. Reposado 5.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) 5.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 5.4. Anejo 5.4.1. Market estimates and forecast, 2018 - 2028 (USD Million) 5.4.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 5.5. Others 5.5.1. Market estimates and forecast, 2018 - 2028 (USD Million) 5.5.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) Chapter 6. Tequila Market By Grade Insights & Trends 6.1. Grade Dynamics & Market Share, 2021 & 2028 6.2. Value 6.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) 6.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 6.3. Premium 6.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) 6.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 6.4. High-end Premium 6.4.1. Market estimates and forecast, 2018 - 2028 (USD Million) 6.4.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 6.5. Super Premium 6.5.1. Market estimates and forecast, 2018 - 2028 (USD Million) 6.5.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) Chapter 7. Tequila Market By Application Insights & Trends 7.1. Application Dynamics & Market Share, 2021 & 2028 7.2. Corporate Hospitality 7.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) 7.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 7.3. Family Dinner 7.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) 7.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 7.4. Others 7.4.1. Market estimates and forecast, 2018 - 2028 (USD Million) 7.4.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) Chapter 8. Tequila Market Distribution Channel Insights & Trends 8.1. Distribution Channel Dynamics & Market Share, 2021 & 2028 8.2. On-trade Sales 8.2.1. Market estimates and forecast, 2018 - 2028 (USD Million) 8.2.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) 8.3. Off-trade Sales 8.3.1. Market estimates and forecast, 2018 - 2028 (USD Million) 8.3.2. Market estimates and forecast, By Region, 2018 - 2028 (USD Million) Chapter 9. Tequila Market Regional Outlook Chapter 10. Competitive Landscape 10.1. Market Revenue Share By Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Market positioning 10.5. Strategy Benchmarking 10.6. Vendor Landscape Chapter 11. Company Profiles 11.1. Bacardi Ltd. 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Technology Insights 11.1.4. Strategic Initiatives 11.2. Campari America LLC 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Technology Insights 11.2.4. Strategic Initiatives 11.3. Diageo PLC 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Technology Insights 11.3.4. Strategic Initiatives 11.4. Eastside Distilling Inc. 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Technology Insights 11.4.4. Strategic Initiatives 11.5. Ambhar Global Spirits LLC 11.5.1. Company Overview 11.5.2. Financial Performance 11.5.3. Technology Insights 11.5.4. Strategic Initiatives 11.6. Becle SAB De CV 11.6.1. Company Overview 11.6.2. Financial Performance 11.6.3. Technology Insights 11.6.4. Strategic Initiatives 11.7. Constellation Brands Inc. 11.7.1. Company Overview 11.7.2. Financial Performance 11.7.3. Technology Insights 11.7.4. Strategic Initiatives 11.8. Brown-Forman Corporation 11.8.1. Company Overview 11.8.2. Financial Performance 11.8.3. Technology Insights 11.8.4. Strategic Initiatives 11.9. E. and J. Gallo Winery 11.9.1. Company Overview 11.9.2. Financial Performance 11.9.3. Technology Insights 11.9.4. Strategic Initiatives 11.10. Tequila Ocho 11.10.1. Company Overview 11.10.2. Financial Performance 11.10.3. Technology Insights 11.10.4. Strategic Initiatives For more information about this report visit https://www.researchandmarkets.com/r/j3t9fa