What is Agave Liquor Market?
Agave liquor is a distilled alcoholic beverage made from any type of agave. They can be classified by the species of plant from which they are distilled. Agave wine has a much lower alcohol content and can be sold by vendors in the United States without an official liquor license. It has numerous health benefits such as improvement in the absorption of calcium and magnesium, minerals which boost bone health. It contains a high level of insulin, which induces better digestion by growing good bacteria.
Highlights from Agave Liquor Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 1800 Tequila (Mexico), PRODUCTOS FINOS DE AGAVE, S.A. DE C.V (Mexico), Brown–Forman (United States) and Agave Industries India Pvt. Ltd. (India) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Agave Liquor market throughout the forecasted period.
1800 Tequila (Mexico), PRODUCTOS FINOS DE AGAVE, S.A. DE C.V (Mexico), Brown–Forman (United States) and Agave Industries India Pvt. Ltd. (India) are some of the key players profiled in the study. Agave Liquor Market Segmentation:
Scope | Sub-Segments |
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Type | TEQUILA, MEZCAL, RAICILLA, BACANORA and SOTOL |
Product Type | Gold Agave,Silver Agave,100% Traditional Agave,Aged Agave,Other |
Distribution Channel | Supermarkets/Hypermarkets,Departmental Stores,Specialty Stores,Online Retail,Bar,Food Service,Other,Competitive Lan |
On the basis of geography, the market of Agave Liquor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle of the People
Market Growth Drivers:
Increasing Popularity of the Agave Liquor and Rising Demand from various Regions
Challenges:
Stringent Rules and Regulations in Some Regions
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from End-users and Growing Beverage Industry Worldwide
Key Target Audience
Agave Liquor Manufacturers, Distributors, Raw Material Suppliers and End-users