Russia Tequila Market Overview, 2028

Amidst the vast landscape of Russia, a new passion for tequila is taking hold. Tequila is often associated with vibrant parties and nightlife in Russia, where it is enjoyed in various forms, from sipping it neat to creating innovative cocktails. Tequila tastings and themed events are becoming more common, allowing Russians to explore different tequila brands, types, and flavour profiles. The tequila culture in Russia also embraces the rituals and traditions associated with the spirit. From the use of traditional glassware, such as the iconic shot glasses called caballitos, to the ritual of salting the rim of the glass and taking shots with lime or sangrita, Russians are immersing themselves in the customs that accompany tequila consumption. Cocktail culture plays a significant role in the tequila scene in Russia. Mixologists and bartenders are creating innovative and unique tequila-based cocktails, incorporating local ingredients and flavours. These creative concoctions provide an avenue for exploring the versatility of tequila and showcasing its potential beyond traditional margaritas. Some individuals in Russia have developed a passion for collecting rare and limited-edition tequila bottles, considering them valuable investments and unique pieces of craftsmanship. Tequila Fest is a popular annual event that takes place in Moscow, St. Petersburg, and other cities. It brings together tequila enthusiasts, industry professionals, and brands to celebrate and explore the world of tequila. The festival features a wide selection of tequila brands, masterclasses, tastings, live music, and entertainment. Tequila Nights is a series of themed parties and events held in clubs and bars across Russia. These events showcase different tequila brands, offer specialty tequila-based cocktails, and create a festive ambiance with live music, DJs, and performances. According to the research report "Russia Tequila Market Overview, 2028," published by Bonafide Research, the Russia Tequila Market is expected to grow at above 7.09% CAGR from 2023 to 2028. The Russian market offers a number of popular tequila brands that are widely accessible. In Russia, some well-known tequila brands are Jose Cuervo, Patrón, Don Julio, Herradura, El Jimador, Olmeca, Sauza, and Cazadores. Specialised liquor stores dedicated to selling alcoholic beverages, including tequila, are a common sales channel in Russia. Simple Wine, Azbuka Vkusa, Perekrestok, Karusel, and Metro Cash & Carry are some well-known liquor stores in Russia. Duty-free shops at airports and border crossings offer a selection of tequila brands for travellers to purchase without paying certain taxes or import duties. These shops often have a curated collection of popular tequila brands and cater to both domestic and international travellers. Sheremetyevo Duty Free, Domodedovo Duty Free, Pulkovo Duty Free, Vnukovo Duty Free, and Koltsovo Duty Free are some of the prominent duty-free shops. Large retail chains, such as supermarkets and hypermarkets, often have dedicated sections for alcoholic beverages, including tequila. Auchan, Lenta,Metro Cash & Carry,X5 Retail Group (Pyaterochka, Perekrestok, Karusel), Magnit,Magnit ,O'Key Globes Gourmet, and VkusVill are some of the prominent supermarket and hypermarket chains. Blanco tequila is generally more popular and widely consumed in Russia. Blanco tequila is known for its clear and unaged characteristics, offering a pure and vibrant flavour profile. It is often favoured for cocktails, shots, and mixed drinks. Reposado tequila, aged for a minimum of two months but less than a year, and Aejo tequila, aged for at least one year, are also appreciated for their smoothness and complexity, but they may be less commonly consumed compared to Blanco tequila. Russia has laws in place governing the manufacture, importation, and sale of alcoholic beverages, including tequila. The Federal Law on State Regulation of Production and Turnover of Ethyl Alcohol, Alcoholic, and Alcohol-Containing Products as well as the Federal Service for Alcohol Market Regulation (Rosalkogolregulirovanie) control the precise regulations. These regulations include requirements for labelling, packaging, quality control, and licencing for producers and importers of tequila. The regulations aim to ensure the safety and authenticity of alcoholic beverages on the market, protect consumers, and prevent the sale of counterfeit or substandard products. Tequila may not be as widely known or understood in Russia compared to other spirits, which could present challenges in terms of consumer awareness and education. Russian consumers may have established preferences for local spirits or other international spirits, which could make it challenging for tequila to gain widespread acceptance and popularity. Tequila is often considered a premium or luxury spirit, and pricing may be a barrier for some consumers in Russia, affecting its market penetration. The future outlook of tequila in Russia can be influenced by various factors, including consumer preferences, market trends, economic conditions, and regulatory developments. While I don't have access to the most current data, the tequila market has shown growth and increasing popularity in many parts of the world, including emerging markets like Russia. Tequila has gained recognition as a premium and versatile spirit, and its reputation as a sipping spirit and cocktail ingredient has been growing globally. This trend, combined with increasing consumer interest in exploring new and exotic flavours, could contribute to the continued growth of the tequila market in Russia. In Russia, premium products are often associated with luxury and status. Premium tequilas, especially those with limited editions, unique ageing processes, or exclusive packaging, may appeal to consumers seeking a high-end experience or a symbol of luxury and sophistication. As consumers become more health-conscious, there is a growing interest in tequila as a perceived healthier option compared to other spirits. Tequila's natural ingredients and production process without added sugars or additives may align with the preferences of health-conscious consumers. Considered in this report • Geography: Russia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

Aspects covered in this report • Russia Tequila market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Blanco • Reposado • Anejo • Others By Grade • Value • Premium • High - End Premium • Super Premium

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• Supermarkets and Hypermarkets • Discount Stores • Online Stores • Others By On-trade Distribution Channel • Restaurants and Bars • Liquor Stores • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Tequila industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.