Increasing at a CAGR of 5.8%, says Forbes Business Insights, it also adds that tequila is also being driven by celebrity endorsements worldwide.
At the same time,
Why The Premium Liquor Market Is Ripe For Expansion
Tequila's profile rose during the recent two-year pandemic lockdown. It became an upscale liquor, rising in popularity and creating product shortages in the
The catalyst is that since the pandemic Shinju Japanese whisky is now better known, more popular and winning critical awards within the industry.
Investors should keep ROAG stock on their
Catalysts For ROAG's Tequila And Shinju Japanese Whisky
- The premium liquor market is booming. It is forecast to grow 13% by 2024, says the International Wine and Spirit (IWSR) Global Trends Report. The demand is so high, that some liquor shortages have occurred domestically, especially in tequila, The Wall Street Journal reports.
Tequila Market
- ROAG is a vertically-integrated tequila company. The tequila market is seen growing by 46% over the past year to
- The upside is now. Tequila holds just a 4% market share of premium liquor globally. But tequila is forecast to grow by a CAGR of 4.1% from 2019-2024. Global spirits at a 19.3% jump will reach
- ROAG recently acquired
- ROAG is seeking national distribution. Its lead brand is Shinju Japanese Whisky. It is double-distilled and rested in the finest oak barrels. At the Santé Spirits Awards, it won Double Gold, Best Whisky and was one of only two brands to win a perfect 100 perfect score.
- The Japanese Whisky market is booming. Its 13% premium liquor growth forecast by 2024 is seen as a result of its award-winning taste and a higher profile in the
- ROAG covers 60% of the
- The Company sees an upside for its
Keep ROAG stock on your
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