Global Mezcal Market was valued at US$ 389.55Mn in 2020, with a CAGR of 14.9% for the period 2021-2027, thanks to shifting demand patterns, and ingredient preferences.
COVID-19 Impact Analysis on Global Mezcal Market:
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Global Mezcal Market overview:
Mezcal is produced from the agave plant. Mezcal and Tequila differ greatly in how the agaves are boiled to remove all of the fermentable sugars. Agaves, also known as magueys, may be found all over Mexico and south of the equator, though Oaxaca is where most mezcal is produced. To create mezcal, a variety of agave plants can be employed. The type that is grown in the majority of states is Agave Espadin.
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Global Mezcal Market Segmentation:
Apart from the HoReCa segment, which comprises pubs, clubs, and bars, the mezcal market is likely to profit from another lucrative sales channel: the retail sector. Following in the footsteps of the mainstream alcohol industry, mezcal producers are looking to the retail sector for opportunities to boost alcoholic beverage sales. The rapid advancement of new retail models is expected to open up more than a few doors of opportunity for mezcal producers. Online retail, on the other hand, has proven to be a significant driver of mezcal sales.
Global Mezcal Market Key Players:
- 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. • Brown-Forman Corporation (Grupo Industrial Herradura, S.A. de C.V.). • Del Maguey Co. • Pensador Mezcal • Pierde Almas
Global Mezcal Market Regional Analysis:
Mezcal's growth has continued in Mexico for 2019, aided by increased demand in the United States, the United Kingdom, and other nations across the world. As said by the Consejo Regulador del Mezcal, global agave-based spirit shipments increased by 26% to 827,000 9-liter cases in 2019, with shipments in Mexico increasing by 10% to 304,000 cases. While tequila continues to dominate the liquor market, mezcal consumption has risen considerably in recent years. Mezcal is made from agave salmiana, a native variety of plants collected in Central Mexico's highlands. The growing popularity of mezcal in the United States is likely to benefit local producers all over Mexico.
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About Report:
The report also helps in understanding the Mezcal dynamics, structure by analyzing the market segments and projecting the Mezcal size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Mezcal market make the report investor’s guide.
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