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ASIA-PACIFIC TEQUILA MARKET FORECAST 2021-2028

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ASIA-PACIFIC TEQUILA MARKET FORECAST 2021-2028

The Asia-Pacific tequila market is forecasted to progress with a CAGR of 4.59% over the estimated period of 2021 to 2028. Factors such as the surging population, the increased market potential for alcohol and spirits, the growing adoption of western culture, and the rising e-commerce are set to play a vital role in fueling the market growth of the region.

ASIA-PACIFIC TEQUILA MARKET FORECAST 2021-2028

Asia Pacific Tequila Market by Type (Value, Premium, Super-premium, High-end Premium) Market by Distribution Channels (Supermarkets & Hypermarkets, Liquor Specialist Stores, Online Retailing, Other Distribution Channels) by Geography.

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The Asia-Pacific tequila market is forecasted to progress with a CAGR of 4.59% over the estimated period of 2021 to 2028. Factors such as the surging population, the increased market potential for alcohol and spirits, the growing adoption of western culture, and the rising e-commerce are set to play a vital role in fueling the market growth of the region.asia-pacific-tequila-market

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The Asia-Pacific tequila market growth evaluation includes the assessment of Indonesia, Thailand, South Korea, Australia & New Zealand, Vietnam, Japan, India, China, and the rest of the Asia-Pacific. Mexican tequila continues to gain popularity among Chinese drinkers. As a result, Mexican distillers are significantly expanding within China’s market space. Moreover, since the country’s government lifted the ban for premium tequila imports in 2008, trade volumes between China and Mexico are on the rise. In this regard, tequila Imports from Mexico equated to approximately 682,000 liters in 2017.

Conversely, tequila is a notable spirit category in Japan and ranks as the second export market for Mexican tequilas. As per the Department of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA), Japan’s market represents over 2.0% of Mexico’s overall agricultural exports. Furthermore, Cuervo Tequila is highly popular among the country’s spirit consumers. Therefore, the aforementioned factors are expected to influence the tequila market growth in the Asia-Pacific during the forecasting years.

Asahi Group Holdings distributes, produces, and markets soft drinks, alcoholic beverages, as well as food products. The company’s product portfolio entails carbonated drinks, water, spirits, wine, whiskey, beer, ready-to-drink (RTD) beverages, and fruit drinks. In addition, it also provides pharmaceuticals and supplements, confectioneries, freeze-dried foods, and baby products. Asahi Group Holdings’ products are marketed under several brands, namely, Asahi Style Free, Asahi Super Dry, and others.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • DEMAND FOR PREMIUM TEQUILA
        • PRODUCT INNOVATIONS
        • PERCEIVED AS HEALTHIER DRINK
      • KEY RESTRAINTS
        • GEOGRAPHICALLY CONSTRAINED TO MEXICO AND NORTH AMERICA
        • CONCERNS RELATED TO RAW MATERIALS
        • CAMPAIGNS AGAINST ALCOHOL CONSUMPTION
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON TEQUILA MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY TYPE
      • VALUE
      • PREMIUM
      • SUPER-PREMIUM
      • HIGH-END PREMIUM
    3. MARKET BY DISTRIBUTION CHANNELS
      • SUPERMARKETS & HYPERMARKETS
      • LIQUOR SPECIALIST STORES
      • ONLINE RETAILING
      • OTHER DISTRIBUTION CHANNELS
    4. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY DRIVERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS
      • COMPANY PROFILES
        • ANHEUSER-BUSCH INBEV
        • ASAHI GROUP HOLDINGS LTD
        • BACARDI & CO LTD (PATRÓN TEQUILA)
        • BEAM SUNTORY INC
        • BROWN-FORMAN CORPORATION
        • CONSTELLATION BRANDS
        • DIAGEO PLC (CASAMIGOS TEQUILA)
        • E. & J. GALLO WINERY INC
        • JOSE CUERVO (BECLE SAB DE CV)
        • LA MARTINIQUAISE
        • LUXCO INC
        • PERNOD RICARD SA
        • SAZERAC COMPANY INC
        • TEQUILA CENTINELA

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – TEQUILA

    TABLE 2: ASIA-PACIFIC TEQUILA MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: ASIA-PACIFIC TEQUILA MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC TEQUILA MARKET, BY DISTRIBUTION CHANNELS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC TEQUILA MARKET, BY DISTRIBUTION CHANNELS, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC TEQUILA MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC TEQUILA MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: KEY PLAYERS IN ASIA-PACIFIC TEQUILA MARKET

    TABLE 9: LIST OF MERGERS & ACQUISITIONS

    TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 12: LIST OF BUSINESS EXPANSIONS

    LIST OF FIGURES

    FIGURE 1: PRODUCTION PROCESS OF TEQUILA

    FIGURE 2: TEQUILA EXPORT COUNTRIES IN 2020 (LITERS IN MILLIONS)

    FIGURE 3: KEY MARKET TRENDS

    FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: ASIA-PACIFIC TEQUILA MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 8: ASIA-PACIFIC TEQUILA MARKET, BY VALUE, 2021-2028 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC TEQUILA MARKET, BY PREMIUM, 2021-2028 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC TEQUILA MARKET, BY SUPER-PREMIUM, 2021-2028 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC TEQUILA MARKET, BY HIGH-END PREMIUM, 2021-2028 (IN $ MILLION)

    FIGURE 12: ASIA-PACIFIC TEQUILA MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNELS, IN 2020

    FIGURE 13: ASIA-PACIFIC TEQUILA MARKET, BY SUPERMARKETS & HYPERMARKETS, 2021-2028 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC TEQUILA MARKET, BY LIQUOR SPECIALIST STORES, 2021-2028 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC TEQUILA MARKET, BY ONLINE RETAILING, 2021-2028 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC TEQUILA MARKET, BY OTHER DISTRIBUTION CHANNELS, 2021-2028 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC TEQUILA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 18: CHINA TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 19: JAPAN TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 20: INDIA TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 21: SOUTH KOREA TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 22: INDONESIA TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 23: THAILAND TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 24: VIETNAM TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 25: AUSTRALIA & NEW ZEALAND TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 26: REST OF ASIA-PACIFIC TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY DRIVERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • VIETNAM
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY TYPE
      • VALUE
      • PREMIUM
      • SUPER-PREMIUM
      • HIGH-END PREMIUM
    2. MARKET BY DISTRIBUTION CHANNELS
      • SUPERMARKETS & HYPERMARKETS
      • LIQUOR SPECIALIST STORES
      • ONLINE RETAILING
      • OTHER DISTRIBUTION CHANNELS

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