Mezcal Market by Product Analysis

Mezcal Market by Product Type (Joven, Reposado, Añejo), By
Distribution Channel (Store-Based, Non-Store-Based), and country,
Market Share, Forecast Data, In-Depth Analysis, And Detailed
Overview, and Forecast, 2021-2026

According to this report, the world mezcal market was valued at US
$ 727.11 million in 2019 and is expected to reach US $ 1,136.55
million by 2027. It is expected to grow at a CAGR of 6.1% from 2020
to 2027.
Market overview:
The mezcal drink is produced using the agave plant (customarily known as maguey). The
enormous contrast among mezcal and tequila is the manner in which the agaves are cooked
to separate every one of the fermentable sugars. Agaves or magueys are found primarily in
many parts of Mexico and south of the equator, although most mezcal is made in Oaxaca.
Mezcal can be prepared from different varieties of agave.
Recent developments:
Pernod Ricard has not confirmed whether the partnership includes the purchase of a minority
or majority stake in the brand.
Market Drivers and Restrains:
The upward trend in premiumization, leading to the consumption of luxury beverages, is
expected to drive demand for Mezcal. Demand for mezcal, a tropical herbal agave liqueur,
has increased significantly in recent years and is expected to increase further during the
forecast period. There is a growing trend among wealthier consumers in established spirits
markets to seek out exciting and novel high-end products and to turn to beverages from a
variety of niches with high production value. As a result, the volume of premium spirits has
increased significantly compared to that of standard spirits. The demand for premium mezcal
describes the growth of the global market. In addition, it highlights the potential for small
manufacturers to partner with larger players to enter new markets, which is expected to be
a critical step in ensuring the growth of the mezcal market.
To know more read:
https://www.marketdataforecast.com/market-reports/mezcal-market
Report is segmented as:
By Product Type:
Joven
Reposado
Anejo
By Distribution Channel:

Store based
Non store based
Geographical Segmentation:
North America had the biggest portion of the business' worldwide income in 2018. The United
States is one of the fundamental business sectors for mezcal in the North American locale.
Key part in the North American district are thinking about the developing fame of mezcal and
are putting to open production plants in the area, which is exceptionally well known for
mezcal creation. Moreover, interest for spirits through house to house channels, including
full-administration eateries and bistros/bars, is relied upon to increment altogether over the
estimate time frame.
Impact of COVID-19 on Mezcal Market:
The COVID-19 outbreak was first reported in Wuhan, China in December 2019. As of January
2021, the United States, Brazil, India, Russia, Spain, and the United Kingdom are among the
most affected countries in terms of confirmed cases and reported deaths. The COVID-19
pandemic is negatively impacting economies and industries in several countries due to
lockdowns, travel bans, and business closures. Food and beverage is one of the world's
leading industries experiencing severe disruptions, including supply chain disruptions,
technology event cancellations, and office closures. For example, China is the world's
manufacturing center and the largest supplier of raw materials for various industries and is
also one of the worst affected countries.
Key market players:
Some of the key players in the market are Pernod Ricard, Ilegal Mezcal, and William Grant &
Sons Ltd.