Mezcal Market is expected to grow at a CAGR of ~13% during the forecast period of 2019 to 2027
VALLEY COTTAGE, N.Y. – The global mezcal market is projected for an impressive CAGR of over 13% during 2019 – 2027, as the drink is gaining stupendous popularity as a perfect alcoholic drink for human consumption. Global mezcal sales are set to create a multi-billion-dollar market in the near future.
Though in their nascent stage, craft spirits have become a mainstay for mezcal sales, following the expansion of craft breweries and distilleries, particularly in the developed regions. Mezcal manufacturers are already responding to the rising interest of consumers in new brands with interesting innovations in terms of products types, flavors, and concentrates.
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Key Takeaways – Mezcal Market Research
- Mezcal Joven and Mezcal Reposado remain sought-after. However, Mezcal Anejo will exhibit a higher CAGR through 2027.
- Sales of mezcal are projected to be higher in the Middle East & Africa and Asia Pacific.
- The beverage sector offers lucrative growth opportunities to mezcal manufacturers. They are likely to assist bigger sectors of industry and develop more innovative beverage products to attract the younger population.
- Among various distributional channels, modern trade is expected to show the fastest growth by the end of 2027.
- Sales of mix tequila concentrates will be higher throughout forecast period.
Preview Analysis of 2019 Analysis and Review of Mezcal Market by Product – Mezcal Joven, Mezcal Reposado, and Mezcal Anejo for 2019 – 2027 – https://www.futuremarketinsights.com/reports/mezcal-market
Market to Gain Boost, with Increasing Number of Mezcal Producers
While nearly 90% of mezcal is prepared in a Mexican city – Oaxaca, currently, there are strong possibilities of several other mezcal brewing areas emerging in the near future. A sizeable number of other Mexican cities as well as other countries have expressively increased their international visibility in terms of high mezcal production capacity. Durango, a state in northern Mexico stands the second leading producer of mezcal. This state recently introduced its own new brands in the mezcal market of the U.S.
Competitive Landscape Analysis
The mezcal market is highly fragmented due to the presence of a large number of players around the world. These key players are focusing on the acquisition of smaller players, especially to control the luxury spirits segment and to expand their product offerings. Some of the prominent market players covered in this FMI study include Bacardi Limited., Familia Camarena Tequila, Craft Distiller, Destileria Tlacolula, Diageo Plc., Don Julio, S.A.de., EI Silencio Holdings INC, Fidencio Mezcal, Ilegal Mezcal, Sombra Mezcal, William Grant & Sons Ltd, Sauza Tequila Import Company, Rey Campero., and Brown-Forman Corporation (Grupo Industrial Herradura, S.A. de C.V.
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Know More About What Mezcal Market Study Covers
Future Market Insights, in its new report, presents an unbiased analysis of the global mezcal market, covering historical demand data (2013-2018) and forecast figures for the period between 2019 and 2027. The study divulges compelling insights into the mezcal market growth. It segments the market on the basis of product type (Mezcal Joven, Mezcal Reposado and Mezcal Anejo), by concentrates (100% tequila and mix tequila), and by sales channel (HORECA, specialty stores, modern trade, online retailers, and other sales channels) across six major regions.
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