Report forecast The Tequila Market
in Latin America to grow at a CAGR of 1.89% by volume and 2.62% by revenue
during the period 2014-2019.
Tequila is a type of distilled
spirit manufactured from the blue agave plant (native of Mexico). Tequila is
either made from 51% agave or 100% agave, depending on the pricing and positioning.
It usually contains 38-40% alcohol content depending on the varied government
regulations and laws.
The tequila market in Latin
America has a tremendous consumer base. The rising exports to the US, Russia,
and Germany are driving the market. The exports from Mexico of agave tequila
rose by 16% in 2013. The rising disposable income in countries such as Mexico
and Venezuela is expected to drive the market during the forecast period.
The report covers the present
scenario and the growth prospects of the tequila market for 2015-2019. To
calculate the market size, the report considers revenue generated through sales
of tequila bottles in the Latin American market.
The market is divided into the
following segments based on product:
- Normal
- Premium
- High end premium
- Super end premium
According to the report, agave is
the only raw material used in the production of tequila. Currently, the market
is driven by the consistent supply of agave plants resulting from high
plantation in 2004. According to the exhibit below, the largest area of agave
plantations, i.e., 51 hectares, was planted in 2004. Since an agave plant takes
8-10 years after planting to be ready for harvest, the market has had an ample
supply of agave since 2012. This will trigger the future growth of the global
tequila market.
Further, the report states that
many people consume tequila as a favorite drink, but health-conscious people
are shifting to nonalcoholic drinks. Also, beer has been affecting the market
by posing competition.
Tequila Market in Latin America
2015-2019, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the Tequila market
in Latin America: 1800, Beam Suntory,
Brown Forman, Cuervo International, Diageo and Patron
Other Prominent Vendors in the
market are: Aha Yeto, Camino Real Distillery, Casas Xalisco, Cia Tequilera Los
Valores, Hacienda La Capilla, Juarez Tequila, Pernod Ricard, Proximo Spirits,
Sazerac Company, Sierra Tequila, Tequila Cazadores, Tequila Corralejo, Tequila
Quiote, The Blue Nectar, William Grant & Sons and World Food and Bev Group
Market driver
- Rising disposable income
- For a full, detailed list, view our report
Market challenge
- Threats from other spirits and non-alcoholic drinks
- For a full, detailed list, view our report
Market trend
- Increased exports to China
- For a full, detailed list, view our report
Key questions answered in this
report
- What will the market size be in 2019 and what will the growth rate be
- What are the key market trends
- What is driving this market
- What are the challenges to market growth
- Who are the key vendors in this market space
- What are the market opportunities and threats faced by the key vendors
- What are the strengths and weaknesses of the key vendors
Spanning over 75
pages and 51 Exhibit “Tequila
Market in Latin America 2015 - 2019” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
Overview, Market Landscape, Segmentation by product, Geographical segmentation,
Market drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
Find more information Visit at: http://mrr.cm/ozM
Find all Tequila
report
at : http://www.marketresearchreports.com/tequila
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