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EUROPE TEQUILA MARKET FORECAST 2021-2028

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EUROPE TEQUILA MARKET FORECAST 2021-2028

The Europe tequila market is set to develop with a CAGR of 4.05% during the forecasted period of 2021 to 2028. The market growth of the region is linked to key factors like the increased levels of alcohol consumption, the rising number of discos, pubs, and bars, as well as changing lifestyles patterns.

EUROPE TEQUILA MARKET FORECAST 2021-2028

Europe 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 Europe tequila market is set to develop with a CAGR of 4.05% during the forecasted period of 2021 to 2028. The market growth of the region is linked to key factors like the increased levels of alcohol consumption, the rising number of discos, pubs, and bars, as well as changing lifestyles patterns.europe-tequila-market

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The Europe tequila market growth assessment constitutes the analysis of Italy, France, Belgium, Russia, Germany, the United Kingdom, Poland, and the rest of Europe. The United Kingdom’s spirit and liqueur industry generated a revenue of 5.5 billion British pounds in 2018. Besides, as one of the fastest-growing spirit categories in the country, new launches of premium brands bolster the demand for tequila in the United Kingdom. Furthermore, Mangrove UK partnered with the independent British tequila brand Vivir as a supplier in 2021 in order to launch a premium tequila range produced from 100% highland agave.

Conversely, in 2019, the per capita consumption of alcoholic beverages in Germany equated to over 128 liters. As per industry sources, Germany was the second-largest importer of Mexico’s tequila in 2020, bringing in approximately 4.14 million liters of tequila from the country. Moreover, in 2019, Germany had 4,521 discos, nightclubs, and bars, indicating an increase from 4,393 in 2018. Thus, these factors are anticipated to propel the tequila market growth in Europe, over the forecasting years.

Diageo PLC, headquartered in the United Kingdom, manufactures and distributes a significant collection of branded premium beer, wine, and spirits. The company has a diverse product portfolio including, tequila, vodka, scotch, rum, brandy, whiskey, and ready-to-drink (RTD) alcoholic beverages under various brands names like Captain Morgan, Smirnoff, Johnnie Walker, Guinness, Tanqueray, Baileys, and McDowell’s No.1. Through its subsidiaries, the firm operates across the globe.

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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
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY DRIVERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    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: EUROPE TEQUILA MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

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

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

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

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

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

    TABLE 8: KEY PLAYERS IN EUROPE TEQUILA MARKET

    TABLE 9: TOP TEQUILA BUYERS IN BELGIUM

    TABLE 10: MEXICO’S EXPORTS OF TEQUILA FROM 2016-2020 (IN MILLION LITERS)

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: 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: EUROPE TEQUILA MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

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

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

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

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

    FIGURE 12: EUROPE TEQUILA MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNELS, IN 2020

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

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

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

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

    FIGURE 17: EUROPE TEQUILA MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

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

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

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

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

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

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

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

    FIGURE 25: REST OF EUROPE TEQUILA MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY DRIVERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    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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