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Market Research Report
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1018685

North America Tequila Market Forecast 2021-2028

Published: | Inkwood Research | 137 Pages | Delivery time: 2-3 business days

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North America Tequila Market Forecast 2021-2028
Published: July 19, 2021
Inkwood Research
Content info: 137 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The North America tequila market is projected to grow with a CAGR of 4.37% during the forecasted period of 2021 to 2028. Key factors such as the increased production of agave, the rising alcohol consumption due to weakened alcohol laws and deregulation, as well as the growing demand for tequila are primarily associated with the regional market's growth.

MARKET INSIGHTS

The North America tequila market growth assessment includes the analysis of Canada and the United States. In 2020, Canada imported over 2.20 million liters of tequila from Mexico. Moreover, the demand for spirit distilled from the Blue Weber agave plant continues to observe a growing trend in the country. Canada also harbors an increased need for spirits produced from the desert succulent, agave, including tequila. Besides, more than 19% of Canadian consumers aged 12 years and above were heavy drinkers in 2020.

On the other hand, in 2020, Amber Beverage Group (ABG), an alcohol manufacturer and distributor, launched its tequila brand, KAH Tequila, in Canada. Similarly, Villa One, Nick Jonas' tequila brand, was launched in the country in 2021. The number of tequila products available in Canada increased since 2018. Furthermore, the country's alcohol consumption between the age bracket of 35 and 54 witnessed a rise in 2020, as well. Hence, the factors mentioned above are anticipated to propel the tequila market growth in Canada during the forecasting years.

COMPETITIVE INSIGHTS

Some of the top companies operating in the market are: Constellation Brands, Brown-Forman Corporation, Sazerac Company Inc, Jose Cuervo, 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: 39034

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. NORTH AMERICA
    • 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. UNITED STATES
      • 7.1.5.2. CANADA

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: NORTH AMERICA TEQUILA MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: NORTH AMERICA TEQUILA MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: NORTH AMERICA TEQUILA MARKET, BY DISTRIBUTION CHANNELS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: NORTH AMERICA TEQUILA MARKET, BY DISTRIBUTION CHANNELS, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: NORTH AMERICA TEQUILA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: NORTH AMERICA TEQUILA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: KEY PLAYERS IN NORTH AMERICA 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: NORTH AMERICA TEQUILA MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
  • FIGURE 8: NORTH AMERICA TEQUILA MARKET, BY VALUE, 2021-2028 (IN $ MILLION)
  • FIGURE 9: NORTH AMERICA TEQUILA MARKET, BY PREMIUM, 2021-2028 (IN $ MILLION)
  • FIGURE 10: NORTH AMERICA TEQUILA MARKET, BY SUPER-PREMIUM, 2021-2028 (IN $ MILLION)
  • FIGURE 11: NORTH AMERICA TEQUILA MARKET, BY HIGH-END PREMIUM, 2021-2028 (IN $ MILLION)
  • FIGURE 12: NORTH AMERICA TEQUILA MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNELS, IN 2020
  • FIGURE 13: NORTH AMERICA TEQUILA MARKET, BY SUPERMARKETS & HYPERMARKETS, 2021-2028 (IN $ MILLION)
  • FIGURE 14: NORTH AMERICA TEQUILA MARKET, BY LIQUOR SPECIALIST STORES, 2021-2028 (IN $ MILLION)
  • FIGURE 15: NORTH AMERICA TEQUILA MARKET, BY ONLINE RETAILING, 2021-2028 (IN $ MILLION)
  • FIGURE 16: NORTH AMERICA TEQUILA MARKET, BY OTHER DISTRIBUTION CHANNELS, 2021-2028 (IN $ MILLION)
  • FIGURE 17: NORTH AMERICA TEQUILA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 18: UNITED STATES TEQUILA MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 19: CANADA TEQUILA MARKET, 2021-2028 (IN $ MILLION)