Global Tequila Market Set to Reach US$ 42.5 Billion by 2032 as Demand for Premium Variants Expands [Yahoo! Finance]
Diageo plc (DEO)
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Source: Yahoo! Finance
Range, Distribution Channel, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global tequila market size reached US$ 16.5 Billion in 2023 and is projected to reach US$ 42.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.09% during 2023-2032. A significant rise in the popularity of cocktail culture both in and out of the house represents one of the key factors impelling the global tequila market growth. Moreover, due to changing lifestyles and inflating income levels, ultra-premium and exclusive handcrafted tequila variants are gaining traction around the world. Apart from this, the leading players are introducing variants produced with natural ingredients, such as lemon, coconut tangerine, strawberry, pineapple, mango and pear to expand their product portfolio. They are also offering canned tequila cocktails, which are convenient and cost-effective, to increase their overall sales. Key Market Segmentation This report provides an ana
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