Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Sunday 01 January 2023 9:16 am  |  Updated:  Saturday 31 December 2022 5:22 pm

Why tequila is set to be the spirit of 2023

By: Kevin Pilley

Add as a preferred source on Google
Tequila Herradura Premieres Luck Is Earned On National Margarita Day Eve Featuring Live Performance And Discussion With Grammy Winner Eric Krasno

Would you pay more for tequila than Champagne? Did you see in the New Year with a shot or a flute?

Tequila’s seedy, shot-slamming image is gradually fading away – it’s to be enjoyed slowly, to be appreciated, not simply downed.  

Recent figures by Allied Market Research suggest tequila has generated more than$8bn over the last twelve months and is set to rise to $24.10bn by 2031. Tequila sales have grown 70 per cent since last year and it’s in the ascendancy compared to other raw spirits. Premium tequilas are faring particularly well, seeing growth of 133 per cent year-on-year.

“Luxury tequila has to be one of the most exciting and unique categories at the moment,” says Tom Miller, commercial director at Amathus. “We are seeing three players come out on top – two established brands, Don Julio 1942 and Clase Azul, and one newcomer, Tequila Komos.”

There are a number of reasons for this: “Firstly, the quality of these luxury brands is exceptional. Consumers appreciate the craft that goes into producing these spirits and are willing to pay for that higher quality. 

“Secondly, while at £100 plus per bottle the pricing may be similar to premium whiskies, the consumption occasion is completely different. Instead of sipping and savouring like a whisky, it is consumed more like a vodka, at higher energy occasions. The bottle doesn’t sit dusty on the back bar for too long and this type of consumption is driving volume growth.

“The bottle designs are also great and drive the ‘I want one of those’ appeal. They are bottles that get people talking and you are proud to have on your table or shelf.”

Supply is the biggest constraint and may be the only thing slowing luxury tequila’s growth. All of these tequilas are produced using blue Weber agave from Jalisco in Mexico. The plant takes 7-10 years to mature and with up to three years of barrel ageing before it’s bottled, so it’s not hard to see why there isn’t a short-term supply fix. This may actually work in luxury tequila’s favour, as scarcity adds to demand and drives up the price.”

Don Julio 1942 tequila was first distilled by Don Julio Estrada in 1942. This tequila is aged for 30 months and has complex flavours with a note of tropical fruit. A Gold Medal winner at the 2020 San Francisco World Spirits Competition, Don Julio 1942 Añejo Tequila was also named one of the Top Trending Tequilas at the 2020 Drinks International Awards. Simply serve neat or pour over a few large cubes of ice.

Read more

Bacardi Takes Full Ownership of TEELING® Irish Whiskey

Clase Azul Reposado is one of the smoothest and most iconic examples one can find. Aged for at least eight months it’s bottled in a beautiful, hand-painted Talavera carafe.

Tequila Komos, meanwhile, represents the marriage of Mexican tradition and Mediterranean lifestyle in a uniquely packaged line of tequilas. Created by industry veteran and master sommelier Richard Betts, Komos offers a personal vision of tequila.

It’s produced from a blanco base using agave from the highlands and lowlands of the tequila farming region. The blanco is then roasted in traditional volcanic stone ovens and the juice fermented with native yeast and then double distilled in pot stills. For the Reposado Rosa expression, the special blanco base is rested for 65 days in French oak red wine barrels to age and soften as it evolves delicate flavours. The rich, unique rosé colour is naturally derived from grape skins, reminiscent of a French rosé. 

The Reposado Rosa is then left to rest and aerate, further softening and rounding the palate while imparting a slight impression of sweetness prior to bottling in their handmade iconic designed bottles. Each is then vitrified in porcelain, allowing for zero absorption of water or bacteria, then hand dipped into a reactive glaze that changes when fired in the oven, meaning every bottle is a one-of-a-kind creation.

Other ultra-luxury, collectors’ tequilas include ReySol Anejo (£300), Gran Patrón Burdeos (£500) and Asombroso Del Porto Extra Anejo ( £1,500) 

Tequila Aman was founded by Gerardo Madrigal, a former mathematics professor at East Los Angeles College, who developed a love of agave farming and the soils of Nayarit in Mexico while on a family holiday. He began planting agave on a 6.35 hectare plot of land in 2014.

Aman Spirits is said to be the ‘first and only’ operating tequila distillery to be built in Nayarit despite being one of five states that are part of the Denomination of Origin for Tequila. 

The Aman tequila portfolio has been crafted by master distiller Hector Dávalos. It includes rosa, reposado, blanco, añejo and cristalino expressions. The añejo expression, known as ‘El Profesor’, won gold at the 2022 Luxury masters blind tasting.

El Profesor Añejo Tequila is made from very ripe and select agaves and aged for a minimum of 12 months in French and American oak barrels.

Read more

Casamigos brings pint-shaped margaritas to London pubs for World Cup

Refreshing margaritas with lime wedges and salt-rimmed glasses on a vibrant table setting, perfect for summer gatherings.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Life&Style

Categories

  • Food
  • Life&Style

Trending Articles

  • Exclusive: Big Four giant KPMG to cut more jobs

  • Music tycoon Simon Cowell sued by prominent City lawyer

  • The former African gold miner taking on the billionaire Issa brothers

  • Tesco ‘in talks’ to exit eastern Europe

  • Easyjet agrees to £5.7bn Apollo takeover

More from City PM

  • Bacardi Takes Full Ownership of TEELING® Irish Whiskey

    Business Wire
  • Casamigos brings pint-shaped margaritas to London pubs for World Cup

    Life&Style
    Refreshing margaritas with lime wedges and salt-rimmed glasses on a vibrant table setting, perfect for summer gatherings.
  • Daniel Hulme: I asked Elon Musk on a yacht to help me solve AI consciousness

    Opinion
    Daniel Hulme speaking at a business conference, wearing a suit, with a projector screen behind him displaying data graphs.
  • The Capitalist: Colonel Carns hosts delulu dinner for leadership bid

    Opinion
    Al Carns smiling during a business meeting, wearing a suit, seated at a conference table with documents and a laptop visible
  • Why do so many Gen Zs like me love the Pope?

    Opinion
    Pope Leo depicted in traditional papal attire delivering a speech at the Vatican, surrounded by historical architecture.
  • Here’s what a government led by Andy Burnham will look like

    Opinion
    Burnham cityscape featuring historic architecture and bustling streets under clear skies, highlighting urban development.
  • The AI Summit London turns 10 as businesses move past the AI hype cycle

    Partner
    Neil Lawrence at DeepMind office discussing AI innovations and advancements in a professional setting
  • London luxury property at mercy of Labour chaos, not Iran war

    Property
    Capital gains tax is not currently charged on primary residences. (Credit Beauchamp Estates)

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook