Tequila market in US on the basis of revenue to grow at a CAGR of 2.90% and on basis of volume to grow at a CAGR of 2.94% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/18/2015 -- Tequila Market in US 2015-2019
Tequila is a type of distilled spirit manufactured from the blue agave plant (native of Mexico). Tequila is either made from 51 percent agave or 100 percent agave, depending on the pricing and positioning. Tequila market in the US on the basis of revenue to grow at a CAGR of 2.90% and on basis of volume to grow at a CAGR of 2.94% over the period 2014-2019. It usually contains 38-40 percent alcohol content depending on the varied government regulations and laws. Based on the retailing of tequila products, the market is categorized in the following: normal, premium, high-end premium, and super premium.
Covered in this Report
This report covers the present scenario and the growth prospects of the Tequila market in the US for the period 2015-2019. To calculate the market size, the report considers the total sales of tequila products through various retail outlets in the country.
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Tequila Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the Tequila market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Commenting on the report, an our analyst said: "One key trend upcoming in this market is the growing adoption of organic tequila, which is expected to increase its demand among the health-conscious population. Increased health consciousness and concerns regarding the harmful toxins present in the raw materials used in the production of tequila are resulting in an increase in the demand for organic tequila. Consumers opt for organic tequila owing to the growing awareness of organic products."
According to the report, high demand for premium tequila brands is one of the major drivers of the market. The popularity of flavored and specialty tequilas has given rise to the demand for high-quality and expensive tequila brands.
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Other Prominent Vendors
Camino Real distillery
Cia Tequilera Los Valores
Coralejo Tiple Distilato
Hacienda La Capilla
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Further, the report states that one of the major challenges that the market faces is the rise in imports, which poses a threat to the growth of the domestic market. There are a total of 17 closed states in the US that have government owned, controlled, and operated alcohol distribution systems. This has led to a fractured distribution system across the country.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.