The plant from which tequila is made - the blue weber agave plant - contains substances that enhance the absorption of calcium and magnesium in the body, both of which are essential minerals for maintaining bone health. “Tequila is a strong option in more ways than one!”
The global tequila market size is expected to reach USD 14.70 billion by 2028, exhibiting a CAGR of 5.8% during the forecast period.
The growing trend towards artisanal spirits coupled with high alcohol consumption among consumers will push the growth of the tequila market in the forthcoming years, states Fortune Business Insights, in a report, titled “Tequila Market Size, Share & COVID-19 Impact Analysis, By Type (Blanco, Reposado, Anejo, and Others), Grade (Value, Premium, High-end Premium, and Super Premium), Distribution Channel (On-trade and Off-trade), and Regional Forecast, 2021 – 2028.” The market size stood at USD 9.41 billion in 2020.
Flourishing E-commerce Channels to Stabilize Market during PandemicThe COVID-19 pandemic caused massive disruption in the food and beverage industry's supply chain because of restrictions on transportation and logistics.
List of the Leading Companies Profiled in the Global Tequila Market are:Diageo Plc (London, United Kingdom)Tequila Ocho (United States)Bacardi & Company Ltd. (Hamilton, Bermuda)Vault Fine Spirits Pvt.
Ltd. (Mumbai, India)Charbay Distillery (United States)Tequila Fortaleza (Mexico)Proximo Spirits, Inc. (New Jersey, United States)Brown-Forman Corporation (Kentucky, United States)Pernod Ricard S.A. (Paris, France)Casa Aceves Spirits (Mexico) The escalation in Cocktail Culture to Strengthen Tequila BusinessBroad-spectrum of people indulging in cocktails such as Paloma, El Diablo, and others can offer immense growth opportunities in the market.
Key Market Segments:Based on type, the market is divided into blanco, reposado, anejo, and others.