Dublin, Feb. 04, 2022 (GLOBE NEWSWIRE) -- The "Global Tequila Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global tequila market is anticipated to witness growth at a CAGR of 4.71% over the forecasted period of 2021-2028.
Factors such as growing preference for premium tequila, the launch of new experimental flavors, and changing perception of tequila owing to its health benefits are driving the market's growth. In recent years, there has been a growing demand for innovative and exotic flavors by consumers. As a result, players are introducing new flavors to meet the growing demand. For instance, Dulce Vida Spirits added a new line of flavored tequilas, including lime and grapefruit.
However, the dependency on the US and Mexico, rising raw material costs, and anti-alcohol campaigns are impeding the tequila market's expansion.
Regional Outlook
The Asia-Pacific is anticipated to witness the fastest growth rate in the tequila market. The rise in population in the region has created several opportunities for the vendors. For instance, the wide population base in China and India has the highest potential for spirits and alcohol.
Additionally, the surge in disposable income, lifestyle changes, and increasing adoption of western culture are influencing the demand for tequila across the region. Furthermore, premiumization, trade pacts, and rising e-commerce platforms are another set of factors widening the market's growth in the APAC region.
Competitive Outlook
The leading companies in the tequila market include Diageo Plc, Asahi Group Holdings Ltd, E and J Gallo Winery Inc, Constellation Brands, Jose Cuervo, Beam Suntory Inc, Brown Forman Corporation, Tequila Centinela, La Martiniquaise, Pernod Ricard SA, Anheuser Busch Inbev, Bacardi and Co Ltd, Sazerac Company Inc, and Luxco Inc.
Key Topics Covered
1. Global Tequila Market
2. Industry Outlook
2.1. Impact of COVID-19 on Tequila Market
2.2. Key Insights
2.2.1. Tequila Brands Supporting Women Empowerment
2.2.2. Tequila's Evolution as a Drink
2.3. Porter's Five Forces Analysis
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Acquisitions
2.6.2. Product Launches
2.6.3. Contracts & Agreements
2.6.4. Investments & Expansions
2.7. Market Drivers
2.7.1. Growing Preference for Premium Tequila
2.7.2. Introduction of New Experimental Flavors
2.7.3. Changing Perception of Tequila Due to Health Benefits
2.8. Market Challenges
2.8.1. Over-Reliance on the US and Mexico due to Concentrated Production
2.8.2. Rising Raw Material Costs
2.8.3. Anti-Alcohol Campaigns
2.9. Market Opportunities
2.9.1. Rising Number of Tequila Startups
2.9.2. Influence of Cristalino Tequila
3. Global Tequila Market Outlook - by Product
3.1. Value
3.2. Premium
3.3. Super Premium
3.4. High-End Premium
4. Global Tequila Market Outlook - by Distributors
4.1. Supermarkets & Hypermarkets
4.2. Liquor Specialist Stores
4.3. Online Retailing
4.4. Other Distributors
5. Global Tequila Market - Regional Outlook
5.1. North America
5.2. Europe
5.3. Asia-Pacific
5.4. Latin America
5.5. Middle East and Africa
6. Competitive Landscape
6.1. Anheuser Busch InBev
6.2. Asahi Group Holdings Ltd.
6.3. Bacardi and Co. Ltd.
6.4. Beam Suntory Inc.
6.5. Brown Forman Corporation
6.6. Constellation Brands
6.7. Diageo plc
6.8. E and J Gallo Winery Inc.
6.9. Jose Cuervo
6.10. La Martiniquaise
6.11. Luxco Inc.
6.12. Pernod Ricard SA
6.13. Sazerac Company Inc.
6.14. Tequila Centinela
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/vcys07
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