COVID-19 Recovery Analysis: Tequila Market in US | Increasing Number of Mergers and Acquisitions to Boost the Market Growth | Technavio

Technavio has announced its latest market research report titled Tequila Market in US 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the tequila market in US and it is poised to grow by 60.18 mn L during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bacardi Ltd., Becle SAB de CV, Brown-Forman Corp., Campari America LLC, Constellation Brands Inc., Diageo Plc, Pernod Ricard SA, Suntory Holdings Ltd., Tequila 512, and William Grant & Sons Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Increasing number of mergers and acquisitions has been instrumental in driving the growth of the market. However, fatalities caused due to alcohol-impaired driving might hamper market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Tequila Market in US 2020-2024: Segmentation

Tequila market in US is segmented as below:

  • Product
    • Premium tequila
    • Super-premium tequila
    • Value tequila
    • High-end premium tequila
  • Distribution Channel
    • On-trade
    • Off-trade

Tequila Market in US 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The tequila market in US report covers the following areas:

  • Tequila market in US Size
  • Tequila market in US Trends
  • Tequila market in US Industry Analysis

This study identifies growing demand from millennials as one of the prime reasons driving the tequila market growth in US during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Tequila market in US 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist tequila market growth in US during the next five years
  • Estimation of the tequila market size in US and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the tequila market in US
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tequila market vendors in US

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product by Volume

  • Market segments
  • Comparison by Product by volume
  • Premium tequila - Market size and forecast 2019-2024 (million L)
  • Super-premium tequila - Market size and forecast 2019-2024 (million L)
  • Value tequila - Market size and forecast 2019-2024 (million L)
  • High-end premium tequila - Market size and forecast 2019-2024 (million L)
  • Impact of COVID-19 pandemic on the US market
  • Market opportunity by Product by volume

Market Segmentation by Distribution channel by Volume

  • Market segments
  • Comparison by Distribution channel by volume
  • On-trade - Market size and forecast 2019-2024 ( million L)
  • Off-trade - Market size and forecast 2019-2024 ( million L)
  • Market opportunity by Distribution channel by volume

Customer Landscape

  • Overview

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bacardi Ltd.
  • Becle SAB de CV
  • Brown-Forman Corp.
  • Campari America LLC
  • Constellation Brands Inc.
  • Diageo Plc
  • Pernod Ricard SA
  • Suntory Holdings Ltd.
  • Tequila 512
  • William Grant & Sons Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Tequila Market in US 2020-2024 will grow by 60.18 mn L during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/