Tequila Market in Europe 2015-2019
Tequila is an alcoholic beverage that is produced from blue agave plants. People have mixed perceptions about tequila, but its acceptance is expected to increase during the forecast period. Manufacturers are coming up with innovative ideas and packaging techniques to spread awareness of tequila. This will help increase the sales of tequila during the forecast period. Tequila is gaining popularity and has good potential for growth in the APAC region during the forecast period.
TechNavio's analysts forecast the Tequila market in Europe to grow at a CAGR of 1.76 percent and 1.33 percent in terms of revenue and volume, respectively, over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Tequila market in Europe for the period 2015-2019.
TechNavio's report, the Tequila Market in Europe 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the leading countries in Europe; it also covers the landscape of the Tequila market in Europe and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Tequila Market in Europe 2015-2019
TechNavio recognizes the following companies as the key players in the Tequila Market in Europe: Jose Cuervo, Patron Spirits, Sauza Tequila and Tequila Herradura.
Other Prominent Vendors in the market are: Camino Real distillery, Cia Tequilera Los Valores, Coralejo Tiple Distilato, Destilados Ole, Hacienda La Capilla, Olmeca Tequila, Pernod Ricard, Proximo Spirits, Sierra Tequila, Tequila Cazadores, Tequila Quiote, Tequila Unlimited and Vida Tequila.
Commenting on the report, an analyst from TechNavio’s team said: “Increased demand for tequila among female consumers is one key trend in this market. Females are increasingly consuming tequila in the form of margaritas or with ice cubes. Many young and affluent women in Europe consume tequila in the form of shots.”
According to the report, an increase in demand for premium tequila by people in Europe is one of the major factors of this market. Premium tequila that has superior craftsmanship, aging, and style is people’s preferred choice.
Further, the report states that the increased price of the raw materials used in the manufacture of tequila is one major challenge that the market faces. The short supply of raw materials, primarily agave, has increased their cost.
Jose Cuervo, Patron Spirits, Sauza Tequila, Tequila Herradura , Camino Real distillery, Cia Tequilera Los Valores, Coralejo Tiple Distilato, Destilados Ole, Hacienda La Capilla, Olmeca Tequila , Pernod Ricard, Proximo Spirits, Sierra Tequila, Tequila Cazadores, Tequila Quiote,Tequila Unlimited, Vida Tequila
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