To get success in this competitive market place, businesses consider taking up innovative solutions and market research report is one of them. All the data and information included in the world class Mezcal Market report is extracted from incredibly reliable sources such as websites, annual reports of the companies, white papers, journals, newspapers, and mergers. Moreover, this market report gives idea to clients about the market drivers and restraints extracted from SWOT analysis and also provides all the CAGR projections for the historic year 2021, base year 2022 and forecast period of 2023-2030.
Analysis and discussion of important industry trends, market size, and market share are displayed in the persuasive Mezcal Market survey report. This wide-ranging market research report acts as a backbone for the success of business in any niche. By understanding the minds of target markets, attitudes, feelings, beliefs and value systems, this market research report has been prepared. With this, businesses can visualize the landscape about how the market is going to perform in the forecast years by gaining details on market definition, classifications, applications, and engagements. Mezcal Market report contains a list of leading competitors, strategic industry analysis and the insights of key factors influencing the Mezcal Market industry.
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The different agave species used, which have a wide variety of terpene compounds, the ability to use agave leaves in mezcal fermentation, variations in the ripening stage of agave, cooking of agave that can be done in ground holes with burning wood and heated stones that produce furans and smoky volatiles and are retained in the agave, and some herbs or other natural materials (such as worms) can all contribute to the flavor differences between mezcal.
The increasing consumer demand for the mezcal beverage, positive outlook towards advanced and smart packaging solutions, and rise in the number of production units are propelling the demand of the mezcal market in the forecast period. However, the heavy taxation and duties and stringent rules and regulations are expected to hamper the mezcal market growth in the forecast period.
Data Bridge Market Research analyses that the mezcal market is expected to reach a value of USD 2,606.25 million by 2029, at a CAGR of 24.7% during the forecast period. The increasing consumer demand for the mezcal beverage, positive outlook towards advanced and smart packaging solutions, and rise in the number of production units are propelling the demand of the mezcal market. The mezcal market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Market Definition
Mezcal is the name given to traditional distilled alcoholic beverages made in various rural areas of Mexico, from certain northern states up to south states, which is nahuatl mexcalli, "baked agave." These alcoholic beverages are made from the cooked stems of species of the genus Agave, also known as "maguey," which have fermented sugars. It is a traditional Mexican distilled beverage produced from the fermented juices of the cooked agave plant core. It is a type of distilled alcoholic beverage made from the cooked and fermented hearts, or piñas, of agave plants.
Some of the major players operating in the mezcal market are Davide Campari-Milano N.V., BACARDI, Craft Distillers, MADRE MEZCAL, Familia Camarena, Brown-Forman, Diageo, Pernod Ricard, WILLIAM GRANT SONS LTD, Rey Campero, Tequila Mezcal Private Brands S.A. de C.V., Destilería Tlacolula, El Silencio Holdings, INC., Sauza Tequila Import Company, Dos Hombres LLC. , Del Maguey, Wahaka Mezcal., BOZAL MEZCAL Sombra , Pensador Mezcal, Ilegal Mezcal among others.
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Opportunities/ Challenges
- GROWING POPULARITY OF PREMIUM AND LUXURY BEVERAGES
The ability to keep an eye on cholesterol levels and monitor blood sugar levels. The growth of the market is further fueled by the rise in disposable income and consumer spending power, both of which enhance consumer demand for a variety of goods. The demand for mezcal is rising due to the premiumization trend, encouraging the consumption of upscale alcoholic and non-alcoholic beverages. More than drinking alcohol is part of the premiumization trend. Among millennial customers, there is a developing demand for premium mezcal products. Due to the rising disposable income in developed nations like North America and Western Europe, they are willing to spend a lot of money on high-end and super-premium goods. Due to rising consumer disposable income per person and the economy's ongoing expansion, the market for high-end premium spirits increased by 5-6% annually in volume from 2019 to 2021.
- RISING POPULARITY OF DRINKING HEALTHFUL, NON-ALCOHOLIC BEVERAGES
One of the most rapidly developing industries is the beverage industry, which involves making various drinks such as mezcal. The growing consumer awareness of using natural and organic components in food and drink is predicted to create a challenge in the growth rate of the mezcal industry in the future.
Many fermented foods and beverages contain ethyl carbamate (EC), a known genotoxic carcinogen. Ethyl carbamate is not only carcinogenic but also a known liver toxic agent in humans. Moreover, carbonated beverage consumption has been linked with kidney stones, all risk factors for chronic kidney disease. The increasing number of chronic liver and kidney diseases makes consumers aware of drinking healthfully. People today prefer more non-alcoholic beverages due to such health conditions.
Global Mezcal Market Segmentation
Product Type
- Mezcal Espadin
- Mezcal Joven
- Mezcal Reposado
- Mezcal Anejo
- Mezcal Ensamble
- Mezcal Arroqueño
- Mezcal Tepeztate
- Others
CONCENTRATE
- 100% Tequila
- Mix Tequila
PRICE CATEGORY
- Premium
- Standard
- Economy
ABV CONTENT
- 40% and above
- Less than 40%
YEAR
- 18-24
- 25-44
- 45-64
- 65+
PACKAGING TYPE
- Bottle
- Cans
- Others
SIZE
- 251-500 ml
- 501-750 ml
- 751-1000 ml
- more than 100 ml
FLAVOR TYPE
- Plain/Original
- Flavored
PRODUCER TYPE
- Microbrewery
- Distillers
- Brewpub
- Contract Brewing Company
- Regional Craft Brewery
- Large Brewery
- Others
PRODUCT CATEGORY
- Distillers Mezcan
- Handcrafted Mezcan/ Artisanal Mezcan
END-USE
- Restaurants
- Hotels Bars
- Café
- Catering
- Airlines
- Household
- Others
DISTRIBUTION CHANNEL
- Offline- Trade
- Online Trade
MARKET OVERVIEW
- Pandemic's Impact on the Mezcal Market
- Competitive Scenario
- Mezcal Market Share Scenario Worldwide (in %): 2022
- Mezcal Market - Global Key Competitors Percentage Market Share in 2022
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022
- Global Mezcal Market Prospects Outlook
- Key Growth Drivers and Restraints
- Analysis by Product Type
- Regional Analysis
- An Introduction to Mezcal
- Recent Market Activity
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-mezcal-market
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