Press release
Market Outlook : Tequila Market in US Grow at a CAGR of 3.67% by Revenue During the Period 2016-2020
Tequila is distilled from the blue agave plant, which native to Mexico. It is made either from 51% or 100% agave, and the resultant spirit is priced accordingly. Tequila usually contains 38%-40% alcohol content depending on the government regulations or laws. The tequila market in the US accounts for a small market share in the global alcohol industry.Technavios analysts forecast the tequila market in the US to grow at a CAGR of 3.67% by revenue during the period 2016-2020.
Covered
The report covers the present scenario and the growth prospects of the tequila market in the US for 2016-2020. To calculate the market size, the report considers revenue generated from the retail sales of tequila in terms of revenue and volume.
Technavio's report, Tequila Market in the US 2016-2020, 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 vendors
Beam Suntory
Brown-Forman
Diageo
Tequila Cuervo la Rojea
The Patrn Spirits Company
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Other prominent vendors
Arta Tequila
Cia Tequilera Los Valores
Hacienda La Capilla
Juarez Tequila
Pernod Ricard
Proximo Spirits
Borco International
Tequila Cazadores
Tequila Quiote
Key driver
Growing cocktail culture
For a full, detailed list, view our report
Key challenge
Availability of counterfeit products and adulterated drinks
For a full, detailed list, view our report
Key trend
New product launches
For a full, detailed list, view our report
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