Between 2021 and 2026, more than 75% of the demand growth will come from North America. Strong growth of the mezcal market is expected to continue due to the implementation of favorable policies of reimbursement by governments, creating a conducive environment for growth globally. Mezcal Market is expected to reach USD 733 million by 2027 growing at a growth rate of 13.93% in the forecast period of 2020 to 2027. This report presents the market size and development trends by detailing the Mezcal market revenue, market share and growth rate from 2015-2026, and it gives a thorough analysis by various product types, applications, regions, and main participants. Mezcal is a unique Mexican spirit and is distilled from the mash of steamed shoots of various species of cactus-like plants called ‘agave’. Table of Contents: Executive Summary Market Overview. Increasing preference for consumption of premium alcoholic drinks has been one of the major factors towards the growth of the mezcal market. On the other hand, increasing the disposable income of the consumer also drives the growth of the market. Mezcal Market size. The Mezcal Market will grow by USD 979.02 mn during 2020-2024 The United States is a leading market in North America for mezcal goods. The growth of the mezcal market Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of mezcal market vendors. The market achieved its strongest performance in 2017, when it grew by 21.11% over its previous year and its weakest performance in 2018, when it increased to 12.18% over 2017. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027. The global Mezcal market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 10.0% in the forecast period of … 5 Billion by 2027. Market trends such as the rising prominence of social media and celebrity influencers are likely to emerge as the primary drivers of the market. Mezcal Market trends. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global mezcal market. Increasing demand for mescal over tequila products is expected to create new opportunity for the market. Market Analysis and Insights: Global Mezcal Market. Global Mezcal Market to Reach $1. Mezcal's growing popularity in cocktail space, as well as the rapid growth in on-site sales of mezcal spirits, would have a major effect on the region's mezcal demand growth. Mezcal market is expected to reach USD 733 million by 2027 growing at a growth rate of 13.93% in the forecast period of 2020 to 2027. Increasing family disposable incomes coupled with strengthening buyer power will support the Tequila & Mezcal market growth between 2020 and 2026. However, factors such as growing production and supply constraints may threaten the growth of the market. Table 37: Italian Mezcal Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027 Table 38: Mezcal Historic Market Analysis … 2018 - Historical Year for mezcal Market Mezcal Market Growth, Forecast and Value Chain 2019-2029. Market Sizing Market definition Market segment analysis Market size 2019 Market … Tequila is an ideal spirit to pair with cigars as well, whether it's... a Blanco or Añejo or Extra Añejo that has spent several years in oak. Technavio has announced its latest market research report titled Global Mezcal Market 2020-2024 (Graphic: Business Wire) The mezcal market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic.As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019. Tequila & Mezcal market in Mexico registered a positive compound annual growth rate (CAGR) of 4.63% during the period 2013 to 2018 with a sales value of MXN 32,134.54 Million in 2018, an increase of 4.69% over 2017. The report on the mezcal market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. The report sheds light on significant factors that are constantly shaping the growth of the mezcal market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Historical & Forecast Period. For instance, 1,571 million liters of alcohol was produced in 2018 in the U.S., which was 1,481 million liters in February 2017. Transparency Market Research (TMR) started a new study on the global mezcal market, providing forecasts for the period of 2013 to 2027.The report enumerates valuable insights to enable readers in making winning business decisions for the future growth … Edison, NJ -- (SBWIRE) -- 01/04/2021 -- The latest release from HTF MI highlights the key market trends impacting the growth of the Global Mezcal market. The market achieved its strongest performance in 2017, when it grew by 5.79% over its previous year and its weakest performance in 2015, when it increased to 3.85% over 2014. Amid the COVID-19 crisis, the global market for Mezcal estimated at US$496. The Infinium Global Research analyzes the Mezcal Market over the period of 2019 to 2025. The report on mezcal market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global mezcal market … Mezcal Market industry analysis. The report is inclusive of a nearly accurate prediction of the market scenario over the … The mezcal market is expected to grow by USD 979.02 million during 2020-2024, according to Technavio. The global mezcal market is projected to exhibit robust growth owing to the increasing demand for premium alcoholic beverages. Amid the COVID-19 crisis, the global market for Mezcal estimated at US$496. Mezcal is a distilled alcoholic beverage made from the agave plant. “The slight wood influence the tequila gets from the barrels adds a creamy, vanilla and black pepper flavor that complements a lighter bodied cigar. 6 Million in the year 2020, is projected to reach a … The macroeconomic factors that are directly or indirectly affecting the growth of the global mezcal market are also incorporated in the report. The demand for mezcal is witnessing robust growth in the last couple of years. 6 Million in the year 2020, is projected to reach a … The Global Tequila & Mezcal (Spirits) Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. Increasing demand for mescal over tequila products is expected to create new opportunity for the market. Post author By [email protected] Post date October 26, 2020; Mezcal Market Segmentation. The demand for mezcal, a tropical agave plant-based liquor, increased significantly over the past few years and is expected to increase further over the forecast period. Tequila and Mezcal (Spirits) Market: Global Growth Manufacturers, Regions, Product Types, Major Application Analysis & Forecast to 2025. Additionally, increasing exports in regards to overall volume and revenue coupled with improved quality and self-life of the products are some of the encouraging indications for the growth of this market. Tequila & Mezcal market is likely to witness a stable growth rate over the forecast period driven by growing demand from emerging markets. 5 Billion by 2027. Thereby, growing awareness about the natural product in the beverages among the consumer boost the growth of the mezcal market. According to our latest market study on “Mezcal Market Forecast to 2027 – COVID-19 Impact and Global Analysis – Type (100% Agave and Blends), Product (Mezcal Joven, Mezcal Reposado, Mezcal Anejo, and Others), and Sales Channel (HoReCa, Specialty Stores, Supermarkets … Mezcal Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. The raw material used to make mezcal is first roasted in firewood, which gives pleasant flavor. Global Mezcal Market to Reach $1. The large millennial consumer base across the world is encouraging vendors to expand their geographical presence, which, in turn, is bolstering the mezcal market's growth. Technavio has announced its latest market research report titled Global Mezcal Market 2020-2024 (Graphic: Business Wire). The Mezcal Market is an intrinsic study of the current status of this business vertical and encompasses a brief synopsis about its segmentation. In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for mezcal. Tequila & Mezcal market in China registered a positive compound annual growth rate (CAGR) of 18.17% during the period 2013 to 2018 with a sales value of CNY 260.16 Million in 2018, an increase of 12.18% over 2017. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. In addition, consumers prefer mezcal for reducing stress and anxiety, which is further adding fuel to the overall demand for Mezcal in the region. Increasing Demand for Mezcal to Experience Consolidation to Escalate Mezcal Market Growth during 2020–2027 . February 4, 2021. Market Landscape Market ecosystem Value chain analysis. High preference of consumers for premium liquor brands such as mezcal in North America is driving the market growth. 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