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