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Market Research Report

Asia-pacific Tequila Market Forecast 2021-2028

Published by Inkwood Research Product code 1018683
Published Content info 140 Pages
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Asia-pacific Tequila Market Forecast 2021-2028
Published: July 19, 2021 Content info: 140 Pages
Description

KEY FINDINGS

The Asia-Pacific tequila market is anticipated to grow with a CAGR of 4.59% during the projected years of 2021 to 2028. Key factors like the increased market potential for alcohol and spirits, the surging population, the rising e-commerce, and the growing adoption of western culture are evaluated to facilitate the region's market growth.

MARKET INSIGHTS

The Asia-Pacific tequila market growth analysis includes the study of South Korea, Indonesia, Thailand, India, China, Australia & New Zealand, Vietnam, Japan, and the rest of the Asia-Pacific. Tequila is a minor but augmenting market in India. Although the domestic consumption of tequila has continued to grow on account of the increasing popularity of cocktails, it has witnessed a rising trend towards intake through 'shots' - primarily at youth parties and nightclubs. Furthermore, Indian consumers are beginning to appreciate tequila, gin, and vodka. Millennials perceive them as refreshing drinks to be consumed with tonic water and juice rather than carbonated beverages.

On the other hand, South Korea is the "most attractive" market across the Asia-Pacific in terms of alcohol manufacturers. The country is also the 10th largest spirits market worldwide. Patron Tequila signed an agreement with SBK, a liquor distributor in South Korea, and thus introduced Patron tequila as well as Pyrat rum in the South Korean market space. In addition, the country's millennials primarily consume foreign beers, soju, tequila, and vodka, especially in modern clubs and bars. As a result, these factors are set to play a crucial role in fueling the Asia-Pacific tequila market growth during the forecasted period.

COMPETITIVE INSIGHTS

Some of the major firms operating in the market are: Bacardi Limited (Patron), Beam Suntory, Asahi Group Holdings, Diageo PLC, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 39044

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVERS
    • 3.1.1. DEMAND FOR PREMIUM TEQUILA
    • 3.1.2. PRODUCT INNOVATIONS
    • 3.1.3. PERCEIVED AS HEALTHIER DRINK
  • 3.2. KEY RESTRAINTS
    • 3.2.1. GEOGRAPHICALLY CONSTRAINED TO MEXICO AND NORTH AMERICA
    • 3.2.2. CONCERNS RELATED TO RAW MATERIALS
    • 3.2.3. CAMPAIGNS AGAINST ALCOHOL CONSUMPTION

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON TEQUILA MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE

5. MARKET BY TYPE

  • 5.1. VALUE
  • 5.2. PREMIUM
  • 5.3. SUPER-PREMIUM
  • 5.4. HIGH-END PREMIUM

6. MARKET BY DISTRIBUTION CHANNELS

  • 6.1. SUPERMARKETS & HYPERMARKETS
  • 6.2. LIQUOR SPECIALIST STORES
  • 6.3. ONLINE RETAILING
  • 6.4. OTHER DISTRIBUTION CHANNELS

7. GEOGRAPHICAL ANALYSIS

  • 7.1. ASIA-PACIFIC
    • 7.1.1. MARKET SIZE & ESTIMATES
    • 7.1.2. KEY DRIVERS
    • 7.1.3. KEY CHALLENGES
    • 7.1.4. KEY PLAYERS
    • 7.1.5. COUNTRY ANALYSIS
      • 7.1.5.1. CHINA
      • 7.1.5.2. JAPAN
      • 7.1.5.3. INDIA
      • 7.1.5.4. SOUTH KOREA
      • 7.1.5.5. INDONESIA
      • 7.1.5.6. THAILAND
      • 7.1.5.7. VIETNAM
      • 7.1.5.8. AUSTRALIA & NEW ZEALAND
      • 7.1.5.9. REST OF ASIA-PACIFIC

8. COMPETITIVE LANDSCAPE

  • 8.1. KEY STRATEGIC DEVELOPMENTS
    • 8.1.1. MERGERS & ACQUISITIONS
    • 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 8.1.3. PARTNERSHIPS & AGREEMENTS
    • 8.1.4. BUSINESS EXPANSIONS
  • 8.2. COMPANY PROFILES
    • 8.2.1. ANHEUSER-BUSCH INBEV
    • 8.2.2. ASAHI GROUP HOLDINGS LTD
    • 8.2.3. BACARDI & CO LTD (PATRON TEQUILA)
    • 8.2.4. BEAM SUNTORY INC
    • 8.2.5. BROWN-FORMAN CORPORATION
    • 8.2.6. CONSTELLATION BRANDS
    • 8.2.7. DIAGEO PLC (CASAMIGOS TEQUILA)
    • 8.2.8. E. & J. GALLO WINERY INC
    • 8.2.9. JOSE CUERVO (BECLE SAB DE CV)
    • 8.2.10. LA MARTINIQUAISE
    • 8.2.11. LUXCO INC
    • 8.2.12. PERNOD RICARD SA
    • 8.2.13. SAZERAC COMPANY INC
    • 8.2.14. TEQUILA CENTINELA

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - TEQUILA
  • TABLE 2: ASIA-PACIFIC TEQUILA MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: ASIA-PACIFIC TEQUILA MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: ASIA-PACIFIC TEQUILA MARKET, BY DISTRIBUTION CHANNELS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: ASIA-PACIFIC TEQUILA MARKET, BY DISTRIBUTION CHANNELS, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: ASIA-PACIFIC TEQUILA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: ASIA-PACIFIC TEQUILA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: KEY PLAYERS IN ASIA-PACIFIC TEQUILA MARKET
  • TABLE 9: LIST OF MERGERS & ACQUISITIONS
  • TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 12: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES

  • FIGURE 1: PRODUCTION PROCESS OF TEQUILA
  • FIGURE 2: TEQUILA EXPORT COUNTRIES IN 2020 (LITERS IN MILLIONS)
  • FIGURE 3: KEY MARKET TRENDS
  • FIGURE 4: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 5: OPPORTUNITY MATRIX
  • FIGURE 6: VENDOR LANDSCAPE
  • FIGURE 7: ASIA-PACIFIC TEQUILA MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
  • FIGURE 8: ASIA-PACIFIC TEQUILA MARKET, BY VALUE, 2021-2028 (IN $ MILLION)
  • FIGURE 9: ASIA-PACIFIC TEQUILA MARKET, BY PREMIUM, 2021-2028 (IN $ MILLION)
  • FIGURE 10: ASIA-PACIFIC TEQUILA MARKET, BY SUPER-PREMIUM, 2021-2028 (IN $ MILLION)
  • FIGURE 11: ASIA-PACIFIC TEQUILA MARKET, BY HIGH-END PREMIUM, 2021-2028 (IN $ MILLION)
  • FIGURE 12: ASIA-PACIFIC TEQUILA MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNELS, IN 2020
  • FIGURE 13: ASIA-PACIFIC TEQUILA MARKET, BY SUPERMARKETS & HYPERMARKETS, 2021-2028 (IN $ MILLION)
  • FIGURE 14: ASIA-PACIFIC TEQUILA MARKET, BY LIQUOR SPECIALIST STORES, 2021-2028 (IN $ MILLION)
  • FIGURE 15: ASIA-PACIFIC TEQUILA MARKET, BY ONLINE RETAILING, 2021-2028 (IN $ MILLION)
  • FIGURE 16: ASIA-PACIFIC TEQUILA MARKET, BY OTHER DISTRIBUTION CHANNELS, 2021-2028 (IN $ MILLION)
  • FIGURE 17: ASIA-PACIFIC TEQUILA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 18: CHINA TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 19: JAPAN TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 20: INDIA TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 21: SOUTH KOREA TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 22: INDONESIA TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 23: THAILAND TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 24: VIETNAM TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 25: AUSTRALIA & NEW ZEALAND TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 26: REST OF ASIA-PACIFIC TEQUILA MARKET, 2021-2028 (IN $ MILLION)
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