Lewes, DE -- (SBWIRE) -- 01/06/2016 -- Report forecast The Tequila Market in Latin America to grow at a CAGR of 1.89% by volume and 2.62% by revenue during the period 2014-2019.

Tequila is a type of distilled spirit manufactured from the blue agave plant (native of Mexico). Tequila is either made from 51% agave or 100% agave, depending on the pricing and positioning. It usually contains 38-40% alcohol content depending on the varied government regulations and laws.

The tequila market in Latin America has a tremendous consumer base. The rising exports to the US, Russia, and Germany are driving the market. The exports from Mexico of agave tequila rose by 16% in 2013. The rising disposable income in countries such as Mexico and Venezuela is expected to drive the market during the forecast period.

The report covers the present scenario and the growth prospects of the tequila market for 2015-2019. To calculate the market size, the report considers revenue generated through sales of tequila bottles in the Latin American market.

The market is divided into the following segments based on product:
- Normal
- Premium
- High end premium
- Super end premium

According to the report, agave is the only raw material used in the production of tequila. Currently, the market is driven by the consistent supply of agave plants resulting from high plantation in 2004. According to the exhibit below, the largest area of agave plantations, i.e., 51 hectares, was planted in 2004. Since an agave plant takes 8-10 years after planting to be ready for harvest, the market has had an ample supply of agave since 2012. This will trigger the future growth of the global tequila market.

Further, the report states that many people consume tequila as a favorite drink, but health-conscious people are shifting to nonalcoholic drinks. Also, beer has been affecting the market by posing competition.

Tequila Market in Latin America 2015-2019, 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 players in the Tequila market in Latin America: 1800, Beam Suntory, Brown Forman, Cuervo International, Diageo and Patron

Other Prominent Vendors in the market are: Aha Yeto, Camino Real Distillery, Casas Xalisco, Cia Tequilera Los Valores, Hacienda La Capilla, Juarez Tequila, Pernod Ricard, Proximo Spirits, Sazerac Company, Sierra Tequila, Tequila Cazadores, Tequila Corralejo, Tequila Quiote, The Blue Nectar, William Grant & Sons and World Food and Bev Group

Market driver
- Rising disposable income
- For a full, detailed list, view our report

Market challenge
- Threats from other spirits and non-alcoholic drinks
- For a full, detailed list, view our report

Market trend
- Increased exports to China
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be
- What are the key market trends
- What is driving this market
- What are the challenges to market growth
- Who are the key vendors in this market space
- What are the market opportunities and threats faced by the key vendors
- What are the strengths and weaknesses of the key vendors

Spanning over 75 pages and 51 Exhibit "Tequila Market in Latin America 2015 - 2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Find more information Visit at: http://www.marketresearchreports.com/technavio/tequila-market-latin-america-2015-2019

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