Market by Product, Distributors, and Country | Forecast 2021-2028
Triton’s
report denotes that the tequila market in North America is estimated to develop
at a compound annual growth rate of 4.76% through the forecasted period
2021-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries studied in this market are:
• United States
• Canada
Over
the years, tequila has gained immense popularity across the region as the first
distilled drink. Moreover, tequila is among the fastest-growing spirits and is
likely to gain traction in the upcoming years. As per estimates, a majority of
tequila is consumed in North America. Furthermore, several celebrities have
launched tequila brands in the US and Canada. Above all, the deregulation of
alcohol laws has increased the consumption rate of tequila. Additionally,
distillers are focused on producing agave in the US, which has enhanced the
demand for tequila. Thus, all these factors are heavily contributing to the
studied market’s growth.
In
the US, Sauza and Jose Cuervo are the leading tequila brands opted by
consumers. Here, bars and nightclubs are playing a major role in driving the
demand for alcoholic beverages. Furthermore, in 2019, nationwide retail sales
of tequila increased tremendously. Presently, consumers are opting for
e-commerce platforms like Drizly, which has contributed heavily to the sales of
tequila and other beverages. Other than this, Dwayne Johnson launched Teremana
Tequila Blanco, an ultra-premium tequila, adding to the growth of the tequila
market in the United States.
Sazerac
Company Inc is engaged in producing and supplying alcoholic beverages. Its wide
product line includes tequila, whiskey, rum, gin, and schnapps, among others.
Additionally, the company’s brands include bourbon, Canadian, shooters, rye,
and others. It operates through its subsidiaries, such as Buffalo Trace
Distillery, Glenmore Distillery, Mr. Boston, and Medley. Sazerac is
headquartered in Louisiana, the US.
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VIEW REPORT1. NORTH
AMERICA TEQUILA INDUSTRY - SUMMARY
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
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
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 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. NORTH
AMERICA TEQUILA MARKET OUTLOOK - BY PRODUCT
3.1. VALUE
3.2. PREMIUM
3.3. SUPER
PREMIUM
3.4. HIGH-END
PREMIUM
4. NORTH
AMERICA TEQUILA MARKET OUTLOOK - BY DISTRIBUTORS
4.1. SUPERMARKETS
& HYPERMARKETS
4.2. LIQUOR
SPECIALIST STORES
4.3. ONLINE
RETAILING
4.4. OTHER
DISTRIBUTORS
5. NORTH
AMERICA TEQUILA MARKET – REGIONAL OUTLOOK
5.1. UNITED
STATES
5.2. CANADA
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
TABLE 1: NORTH AMERICA TEQUILA
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: TEQUILA EXPORT
COUNTRIES IN 2020 (LITERS IN MILLIONS)
TABLE 4: NORTH AMERICA TEQUILA
MARKET, BY PRODUCT, 2021-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA TEQUILA
MARKET, BY DISTRIBUTORS, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA TEQUILA
MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: NORTH AMERICA
TEQUILA MARKET, BY PRODUCT, 2020 & 2028 (IN %)
FIGURE 3: NORTH AMERICA
TEQUILA MARKET, BY VALUE, 2021-2028 (IN $ MILLION)
FIGURE 4: NORTH AMERICA
TEQUILA MARKET, BY PREMIUM, 2021-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA
TEQUILA MARKET, BY SUPER PREMIUM, 2021-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
TEQUILA MARKET, BY HIGH-END PREMIUM, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
TEQUILA MARKET, BY DISTRIBUTORS, 2020 & 2028 (IN %)
FIGURE 8: NORTH AMERICA
TEQUILA MARKET, BY SUPERMARKETS & HYPERMARKETS, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA
TEQUILA MARKET, BY LIQUOR SPECIALIST STORES, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA
TEQUILA MARKET, BY ONLINE RETAILING, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA
TEQUILA MARKET, BY OTHER DISTRIBUTORS, 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA
TEQUILA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 13: UNITED STATES
TEQUILA MARKET 2021-2028 (IN $ MILLION)
FIGURE 14: CANADA TEQUILA
MARKET 2021-2028 (IN $ MILLION)