The latest report by IMARC Group, titled “United States Tequila Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The United States tequila market size reached US$ 8.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.26% during 2023-2028.
Tequila is a distilled alcoholic beverage made from the fermented juice of the agave weber plant in Mexico. It contains alcohol, artificial flavoring ingredients, and extra sweets like fructose and glucose. Tequila, which is gluten-free and low in sugar, calories, and carbohydrates, aids digestion by enhancing magnesium and calcium absorption, increasing probiotic levels, and stimulating the proliferation of beneficial microorganisms in the intestine.
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United States Tequila Market Trends and Drivers:
One of the primary elements propelling the industry in the United States is the cocktail culture and weekend party trend, particularly among young and working professionals.Furthermore, major producers’ innovations, such as the incorporation of natural ingredients such as strawberries, lemons, mango, pineapple, and coconut tangerine, are contributing to market growth. Furthermore, the increased manufacturing of high-end luxury items and low-cost value versions is favorably boosting tequila consumption in the country. The advent of distinct handcrafted variations is expected to boost market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Blanco
- Joven
- Mixto Gold
- Reposado
- Anejo
- Extra Anejo
Breakup by Purity:
- 100% Tequila
- 60% Tequila
Breakup by Price Range:
- Premium Tequila
- Value Tequila
- Premium and Super-Premium Tequila
- Ultra-Premium Tequila
Breakup by Distribution Channel:
- Off-Trade
- Supermarkets and Hypermarkets
- Discount Stores
- Online Stores
- Others
- On-Trade
- Restaurants and Bars
- Liquor Stores
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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