London, 01 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Tequila Market 2014-2018.
While the Global Tequila market accounts for a relatively small market share in the global alcohol industry, there has been an increased demand for tequila in the premium segment recently. This market has good growth prospects resulting from the launch of new products, innovative flavors and an increase in disposable income among consumers.
The Global Tequila market has witnessed a decline in its growth in terms of both revenue and volume and is growing at a CAGR of 2.51 percent and 2.34 percent, respectively, during the forecast period.
The latest report by TechNavio focuses on the rise in demand for premium tequila, primarily from the US. It also highlights a growing taste for organic tequila among consumers. A general rise in health consciousness and growing awareness of organic products has made consumers opt for organic tequila, which is also expected to increase the number of certified organic tequilas on the market during the forecast period.
“Consumers now demand high proof spirits, especially in tequila. The higher the proof, the less water is required to dilute it, and these high proof tequilas have rich, hearty and sophisticated flavors that are very appealing to consumers,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Rise in Demand for Premium Tequila
- For a full detailed list, view our report.
Market Challenges:
- Rise in Prices of Raw Materials
- For a full detailed list, view our report.
Market Trends:
- Growing Adoption of Organic Tequila
- For a full detailed list, view our report.
Key Vendors:
- Jose Cuervo
- Patron Spirits
- Sauza Tequila
- Tequila Herradura
Other Prominent Vendors:
- Camino Real distillery
- Cia Tequilera Los Valores
- Coralejo Tiple Distilato
- Destilados Ole
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
