Tequila & Mezcal (Spirits) Market Challenges, Analysis and Forecast to 2030

Concerning the Report
Consumers have been drawn to lesser known categories of uncommon agave types in remarkable measure thanks to the growing interest in mezcal across the globe. Mezcal producers have reacted to the emerging interest in the once-overlooked sector with some intriguing innovations as well as a regular stream of new product and brand releases along the road. Additionally, distillers around the world have been experimenting with a variety of agave types, and some have adopted revolutionary procedures. Due to the implementation of favourable reimbursement policies by governments, which has created a favourable environment for growth globally, it is anticipated that the mezcal market will continue to experience strong growth.Future Market Insights (FMI), a market research and consulting firm with ESOMAR certification, provides information about the main factors influencing the demand for mezcal in its latest study. The report examines the effects that COVID-19 has had on the food and beverage industry in general and mezcal in particular, as well as tracking mezcal sales globally in more than 20 high-growth markets.

Tequila & Mezcal (Spirits) market trends to watch
A significant element fueling the expansion of the global mezcal market is the increased demand for high-end alcoholic beverages. The increased demand for premium alcoholic beverage products is one of the key factors anticipated to propel market expansion during the forecast period. In recent years, the demand for premium and super-premium alcoholic beverages has increased, particularly among Millennial customers in nations like the US and the UK. The popularity and premiumization of mezcal spirits are rising as a result of consumers' high purchasing power in developed countries like North America and Western Europe and vendors' increased focus on the introduction of extremely distinct premium mezcal products. other related festivals, including The goals of Tequila Mezcal Week and London Mezcal Week are to inform consumers about mezcal, tequila, and other Mexican agave spirits as well as Mexican art, music, culture, and tradition. During the forecast period, increasing consumer knowledge of mezcal production and its distinctions from other premium alcoholic beverages, such as tequila, is anticipated to support mezcal demand.

Mezcal, a tequila made from the agave plant, has shown a considerable increase in demand over the last few years and is anticipated to continue doing so over the projection period. The vast global millennial consumer base is motivating suppliers to increase their regional reach, which is supporting the expansion of the mezcal market. Due to the wide range of flavours offered, consumers are choosing mezcal over other tequila alternatives. The demand for spirits across on-trade sales channels and an increase in the younger population's preference for the consumption of a variety of flavours have been major drivers of the mezcal market's expansion in North America, which held the largest share of the global market.

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Global Tequila & Mezcal (Spirits) Market: Major Players
Milagro
Mezcal Vago
Pierde Almas
Bacardi
Rey Campero
Diageo
Real Minero
Herradura
Fidencio
Casa Noble
Del Maguey
Mezcales de Leyenda
El Jolgorio
Patron
Mezcalero
Cazadores
Ilegal Mezcal
Clase Azul
1800 Tequila
Tres Generaciones
Corralejo
Hornitos

Global Tequila & Mezcal (Spirits) Market: Types
Tequila
Mezcal

Global Tequila & Mezcal (Spirits) Market: Applications
Commercial
Household

Global Tequila & Mezcal (Spirits) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Tequila & Mezcal (Spirits) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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