Top Companies in Tequila Market | Top Players Market Insights, Company Size & Share, Statistics, Historical data Forecast Report by Vantage Market Research

The Weber blue agave plant's juices are fermented to create the Mexican distilled drink known as tequila.

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Aug 24, 2022 - 18:19
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Top Companies in Tequila Market | Top Players Market Insights, Company Size & Share, Statistics, Historical data Forecast Report by Vantage Market Research
tequila market

Market Overview:

The Global Tequila Market was valued at USD 9.7 Billion in 2021 and is expected to reach a value of USD 13.5 Billion by 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.70% over the forecast period. Tequila is distilled liquor prepared from blue agave plants, which only grow in specific regions of Mexico, like Jalisco and Tamaulipas. In addition, it is prepared by distilling the fermented juices of the Weber blue agave plant. It is discovered by a less-known civilization from the South American continent. Moreover, it has a unique earthy flavor with an alcoholic kick. Four types of tequilas are available in the market: Blanco, Reposado, Anejo, and Joven.

One of the major factors fuelling demand for blue agave plant-based distilled spirits is the mounting popularity of several artisanal spirits among consumers. In addition, consumers across the globe want fresh and delicious exotic drinks with a distinct flavor, driving the Tequila market expansion. Furthermore, as we have seen an increase in spirits consumption, particularly in developing regions, developed countries have recently predicted a shift in consumer preferences toward low and no alcoholic beverages. Besides, players are introducing new flavors to meet the growing demand.

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Some of the key players operating in the Tequila Market are listed below:

Company Name

Revenue in the US
  • Pernod Ricard S.A.

$10 Billion
  • Diageo

$16 Billion
  • Bacardi Corporation

$4 Billion
  • Suntory Holdings Limited

$10 Billion
  • Heaven Hill Distilleries

$185 Million
  • Campari Group

$2 Billion
  • Sazerac Company Inc

$2 Billion

 

  1. Pernod Ricard S.A.

Pernod Ricard produces and markets alcoholic beverages. Pernod Ricard has a unique portfolio of premium brands encompassing every major category of wine and spirits. In addition, the company offers wines, bitters, whiskies, spirits, liquors, cognac and brandies, white spirits, and rum. Pernod Ricard serves customers worldwide.

  1. Diageo PLC

Diageo is a global leader in beverage alcohol with an outstanding collection of brands, including Johnnie Walker, Crown Royal, Bulleit, and Buchanan's whiskies. Diageo plc produces, distills, and markets alcoholic beverages. The company offers a wide range of branded drinks, including vodkas, whiskeys, tequilas, gins, and beer. The company is headquartered in London, Greater London, United Kingdom

  1. Bacardi Limited

Founded in 1862, Bacardi Corporation produces a variety of alcoholic beverages. The company offers rum, cocktail, whisky, gin, breezers, and other products. Bacardi serves customers worldwide. The company is located in Pembroke, Bermuda

  1. Suntory Holdings Limited

Japan-based Suntory Holdings Limited manufactures and distributes beverages. The company produces soft drinks, bottled water, sports drinks, fruit drinks, tea beverages, and more. Suntory Holdings also has whiskeys, bottled beer, spirits, wines, and other products.

  1. Heaven Hill Distilleries Inc.

Founded in 1935, Heaven Hill Distilleries, Inc. produces and markets distilled spirits. The company offers bourbon, brandy, whiskey, liqueur, rum, and tequila products. Heaven Hill Distilleries serves customers worldwide. The company is headquartered in Bardstown, Kentucky, 40004, United States

  1. Campari Group

Established in 1860, Campari Group is a branded beverage company specializing in spirits, wines, and soft drinks. The Company is located in Via Sacchetti, 20, Sesto San Giovanni, Lombardy, Italy. The company is a significant player in the global spirits industry, with a portfolio of over 50 premium and super premium brands, spreading across Global, Regional and Local priorities.

  1. Sazerac Company Inc.

Founded in 1850, Sazerac Company Inc. operates distilleries and produces alcoholic beverages. The company provides bourbon, vodka, gin, whisky, rum, and cocktails. Sazerac Company Inc. is headquartered in New Orleans, Louisiana, 70130, United States, and serves customers in the United States and Canada. In addition, the company has thrived as an independent, American family-owned company with operations in the United States and worldwide.

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