Market Comparison: Tequila
Fastest-growing spirits category; has grown more than 700% in past 20 years
Considered one of the best business ideas in 2023
In 2022, exceeded U.S. American whiskey in value, becoming second most valuable spirits category
Set to overtake vodka in 2023
Expected to grow at a CAGR of 6.6% between 2022-2031, reaching $24.29 billion according to Allied Market Research
Cabo Wabo and Casamigos recently sold to Diageo for $700MM with potential for another $300MM on the table after 10 years