Market Overview:
The global agave spirits market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for premium and aged agave spirits across the globe. In terms of type, the gold agave spirits segment is expected to lead the global market in terms of revenue during the forecast period. This can be attributed to its high demand in corporate hospitality and government reception applications.
Product Definition:
Agave Spirits are distilled spirits made from the agave plant. They are important because they are used to make tequila and mezcal, both of which are popular drinks.
Gold Agave Spirits:
Gold agave spirits is a new term in the alcohol industry. It's basically made from the sap of Gold Agave plant and it has over 30 times more calories than regular sugarcane ethanol. The product was first produced in 2010 by a group of scientists at England’s University of East Anglia (UEA) who were studying the effects of high-calorie foods on obesity.
Silver Agave Spirits:
Silver agave spirits is a product derived from the distillation of the plant known as Agave Nectar. It has high levels of fructose and glucose which are similar to human blood sugar making it an attractive option for consumers looking for low-glycemic sweeteners. The product also contains minerals such as iron, potassium, sodium and magnesium along with vitamins B1 & B2 & C which makes it more nutritious than regular cane or beet sugar.
Application Insights:
The corporate hospitality segment led the global agave spirits market in 2017 and is projected to witness significant growth over the forecast period. The product has a wide application scope in various industries such as food & beverages, pharmaceuticals, cosmetics, etc. It is used as an ingredient in manufacturing soft drinks and cocktails among other uses such as natural herbal medicine or simple sugar substitute for ethanol-free beer.
Agave nectar also finds its usage as a key ingredient in several home-made diabetic recipes that are consumed during festive occasions across the globe owing to its low glycemic index (GI). Furthermore, it can be used instead of high fructose corn syrup (HFCS) which is another reason behind its increasing demand worldwide. However, regulatory authorities around the world have raised concerns regarding HFCS consumption due to health hazards associated with it; this will restrict industry growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017, accounting for more than 35% of the total revenue share. The region is expected to witness a significant CAGR over the forecast period owing to increasing demand from U.S and Canada on account of rising consumption occasions such as celebrations, corporate parties, and family dinners among others.
Asia Pacific is anticipated to be one of the fastest-growing regional markets at a CAGR exceeding 6% from 2018 to 2030 due to rapid urbanization coupled with growing consumer disposable income levels in emerging countries such as China and India among others will drive industry growth over next eight years.
Growth Factors:
- Increasing demand for premium and artisanal agave spirits
- Rising popularity of mezcal and tequila among millennials
- Growing demand from emerging markets such as China and India
- Proliferation of craft distilleries producing unique agave spirits variants
- Expansion of distribution channels, especially through online platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Agave Spirits Market Research Report
By Type
Gold Agave Spirits, Silver Agave Spirits, 100% Traditional Agave Spirits, Aged Agave Spirits, Other
By Application
Corporate Hospitality, Government Reception, Family Dinner, Gift, Other
By Companies
Tequila Cuervo La Rojena (Jose Cuervo), Olmeca, Sauza, Patron, Juarez, 1800 Tequila, El Jimador Family, Don Julio, Familia Camarena Tequila, Herradura, Zarco, Cazadores, Cabo Tequila, Milagro, Margaritaville, Clase Azul, Avion Tequila, 1921 Tequila, 4 Copas, Corzo, El Agave Artesanal, Tequila Arette, Don Eduardo, Agave Dos Mil, Aha Toro, Buen Amigo, Campo Azul, Cascahuin Distillery, Compania Tequilera De Arandas, Centinela, Hacienda La Capilla, Dos Lunas Tequila
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Agave Spirits Market Report Segments:
The global Agave Spirits market is segmented on the basis of:
Types
Gold Agave Spirits, Silver Agave Spirits, 100% Traditional Agave Spirits, Aged Agave Spirits, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Corporate Hospitality, Government Reception, Family Dinner, Gift, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tequila Cuervo La Rojena (Jose Cuervo)
- Olmeca
- Sauza
- Patron
- Juarez
- 1800 Tequila
- El Jimador Family
- Don Julio
- Familia Camarena Tequila
- Herradura
- Zarco
- Cazadores
- Cabo Tequila
- Milagro
- Margaritaville
- Clase Azul
- Avion Tequila
- 1921 Tequila
- 4 Copas
- Corzo
- El Agave Artesanal
- Tequila Arette
- Don Eduardo
- Agave Dos Mil
- Aha Toro
- Buen Amigo
- Campo Azul
- Cascahuin Distillery
- Compania Tequilera De Arandas
- Centinela
- Hacienda La Capilla
- Dos Lunas Tequila
Highlights of The Agave Spirits Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gold Agave Spirits
- Silver Agave Spirits
- 100% Traditional Agave Spirits
- Aged Agave Spirits
- Other
- By Application:
- Corporate Hospitality
- Government Reception
- Family Dinner
- Gift
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Agave Spirits Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Agave Spirits is a brand that produces tequila, mezcal, and other agave-based spirits.
Some of the key players operating in the agave spirits market are Tequila Cuervo La Rojena (Jose Cuervo), Olmeca, Sauza, Patron, Juarez, 1800 Tequila, El Jimador Family, Don Julio, Familia Camarena Tequila, Herradura, Zarco, Cazadores, Cabo Tequila, Milagro, Margaritaville, Clase Azul, Avion Tequila, 1921 Tequila, 4 Copas, Corzo, El Agave Artesanal, Tequila Arette, Don Eduardo, Agave Dos Mil, Aha Toro, Buen Amigo, Campo Azul, Cascahuin Distillery, Compania Tequilera De Arandas, Centinela, Hacienda La Capilla, Dos Lunas Tequila.
The agave spirits market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Agave Spirits Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Agave Spirits Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Agave Spirits Market - Supply Chain
4.5. Global Agave Spirits Market Forecast
4.5.1. Agave Spirits Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Agave Spirits Market Size (000 Units) and Y-o-Y Growth
4.5.3. Agave Spirits Market Absolute $ Opportunity
5. Global Agave Spirits Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Agave Spirits Market Size and Volume Forecast by Type
5.3.1. Gold Agave Spirits
5.3.2. Silver Agave Spirits
5.3.3. 100% Traditional Agave Spirits
5.3.4. Aged Agave Spirits
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Agave Spirits Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Agave Spirits Market Size and Volume Forecast by Application
6.3.1. Corporate Hospitality
6.3.2. Government Reception
6.3.3. Family Dinner
6.3.4. Gift
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Agave Spirits Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Agave Spirits Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Agave Spirits Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Agave Spirits Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Agave Spirits Demand Share Forecast, 2019-2026
9. North America Agave Spirits Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Agave Spirits Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Agave Spirits Market Size and Volume Forecast by Application
9.4.1. Corporate Hospitality
9.4.2. Government Reception
9.4.3. Family Dinner
9.4.4. Gift
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Agave Spirits Market Size and Volume Forecast by Type
9.7.1. Gold Agave Spirits
9.7.2. Silver Agave Spirits
9.7.3. 100% Traditional Agave Spirits
9.7.4. Aged Agave Spirits
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Agave Spirits Demand Share Forecast, 2019-2026
10. Latin America Agave Spirits Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Agave Spirits Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Agave Spirits Market Size and Volume Forecast by Application
10.4.1. Corporate Hospitality
10.4.2. Government Reception
10.4.3. Family Dinner
10.4.4. Gift
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Agave Spirits Market Size and Volume Forecast by Type
10.7.1. Gold Agave Spirits
10.7.2. Silver Agave Spirits
10.7.3. 100% Traditional Agave Spirits
10.7.4. Aged Agave Spirits
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Agave Spirits Demand Share Forecast, 2019-2026
11. Europe Agave Spirits Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Agave Spirits Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Agave Spirits Market Size and Volume Forecast by Application
11.4.1. Corporate Hospitality
11.4.2. Government Reception
11.4.3. Family Dinner
11.4.4. Gift
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Agave Spirits Market Size and Volume Forecast by Type
11.7.1. Gold Agave Spirits
11.7.2. Silver Agave Spirits
11.7.3. 100% Traditional Agave Spirits
11.7.4. Aged Agave Spirits
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Agave Spirits Demand Share, 2019-2026
12. Asia Pacific Agave Spirits Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Agave Spirits Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Agave Spirits Market Size and Volume Forecast by Application
12.4.1. Corporate Hospitality
12.4.2. Government Reception
12.4.3. Family Dinner
12.4.4. Gift
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Agave Spirits Market Size and Volume Forecast by Type
12.7.1. Gold Agave Spirits
12.7.2. Silver Agave Spirits
12.7.3. 100% Traditional Agave Spirits
12.7.4. Aged Agave Spirits
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Agave Spirits Demand Share, 2019-2026
13. Middle East & Africa Agave Spirits Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Agave Spirits Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Agave Spirits Market Size and Volume Forecast by Application
13.4.1. Corporate Hospitality
13.4.2. Government Reception
13.4.3. Family Dinner
13.4.4. Gift
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Agave Spirits Market Size and Volume Forecast by Type
13.7.1. Gold Agave Spirits
13.7.2. Silver Agave Spirits
13.7.3. 100% Traditional Agave Spirits
13.7.4. Aged Agave Spirits
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Agave Spirits Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Agave Spirits Market: Market Share Analysis
14.2. Agave Spirits Distributors and Customers
14.3. Agave Spirits Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tequila Cuervo La Rojena (Jose Cuervo)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Olmeca
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sauza
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Patron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Juarez
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. 1800 Tequila
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. El Jimador Family
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Don Julio
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Familia Camarena Tequila
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Herradura
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zarco
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Cazadores
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cabo Tequila
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Milagro
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Margaritaville
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Clase Azul
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Avion Tequila
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. 1921 Tequila
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. 4 Copas
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Corzo
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
