Mezcal market Size Worth USD 2,606.25 million Globally with Excellent CAGR of 24.7% by 2029, Size, Share, Rising Trends, Market Demand and Revenue Outlook

The universal Mezcal Market report is an established source of information that presents with a telescopic view of the current market trends, situations, opportunities and status. The leading players of the Mezcal market are making moves like product launches, joint ventures, developments, mergers and acquisitions which is affecting the market and Food & Beverage industry as a whole and also affecting the sales, import, export, revenue and CAGR values. Analysis and estimations attained through the massive information gathered in the world class Mezcal market document are extremely necessary when it comes to dominating the market or creating a mark in the market as a new emergent.

Browse More About This Research Report https://www.databridgemarketresearch.com/reports/global-mezcal-market

Mezcal Market Analysis and Size

The different agave species used, which have a wide variety of terpene compounds, the ability to use agave leaves in mezcal fermentation, variations in the ripening stage of agave, cooking of agave that can be done in ground holes with burning wood and heated stones that produce furans and smoky volatiles and are retained in the agave, and some herbs or other natural materials (such as worms) can all contribute to the flavor differences between mezcal.

The increasing consumer demand for the mezcal beverage, positive outlook towards advanced and smart packaging solutions, and rise in the number of production units are propelling the demand of the mezcal market in the forecast period. However, the heavy taxation and duties and stringent rules and regulations are expected to hamper the mezcal market growth in the forecast period.

Data Bridge Market Research analyses that the global mezcal market is expected to reach a value of USD 2,606.25 million by 2029, at a CAGR of 24.7% during the forecast period. The increasing consumer demand for the mezcal beverage, positive outlook towards advanced and smart packaging solutions, and rise in the number of production units are propelling the demand of the mezcal market. The mezcal market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Market Definition

Mezcal is the name given to traditional distilled alcoholic beverages made in various rural areas of Mexico, from certain northern states up to south states, which is nahuatl mexcalli, "baked agave." These alcoholic beverages are made from the cooked stems of species of the genus Agave, also known as "maguey," which have fermented sugars. It is a traditional Mexican distilled beverage produced from the fermented juices of the cooked agave plant core. It is a type of distilled alcoholic beverage made from the cooked and fermented hearts, or piñas, of agave plants.

Some of the major players operating in the mezcal market are Davide Campari-Milano N.V., BACARDI, Craft Distillers, MADRE MEZCAL, Familia Camarena, Brown-Forman, Diageo, Pernod Ricard, WILLIAM GRANT & SONS LTD, Rey Campero, Tequila & Mezcal Private Brands S.A. de C.V., Destilería Tlacolula, El Silencio Holdings, INC., Sauza Tequila Import Company, Dos Hombres LLC. , Del Maguey, Wahaka Mezcal., BOZAL MEZCAL Sombra , Pensador Mezcal, Ilegal Mezcal among others.

Mezcal Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

AVAILABILITY OF A VARIETY OF FLAVORS IN MEZCAL

The quality and authenticity of mezcal are highly crucial because of the beverage's unique alcoholic flavor, which results from the volatile and non-volatile compounds, the direct precursors of which come from the raw agave itself. These include fatty acids, ranging from capric to lignoceric, free fatty acids, β-sitosterol, and groups of mono-, di-, and triacylglycerols, as well as fructans, the principal carbohydrate of the Agave. Due to higher temperatures and a lower pH in the agave cooking process, fructans could form Maillard compounds, such as furans, pyrans.

Moreover, the important parameter that defines the quality of agave beverages is the distillation system used. The composition of the aroma of mezcal is extremely complex. Similarities and differences between mezcal samples can be attributed to the conditions and the raw materials used, in addition to the origin and production season.

Due to the availability of various flavors in mezcal, consumers prefer it over other crafted spirits. Moreover, the growing interest among consumers regarding ethically sourced products and the tendency to promote beverages such as craft beer, cold-pressed juice, and smoothies with natural ingredients as premium is expected to drive the market growth in the forecast period.

RISING TECHNOLOGICAL INNOVATIONS FOR SPIRIT PRODUCTION

The agave plant is extracted, which is used in spirit making, enriching the volatile profile of mezcal. The traditional extraction process often leads to higher solvent consumption, longer extraction times, lower yields, and poorer extraction quality. The distillation of fermented maguey is needed to produce several distilled alcoholic beverages, such as bacanora, tequila, and mezcal. Thus, technological advancements have created a chance for sustainable extract and spirit production. The manufacturers are engaged in product and technological innovations to reduce extraction and manufacturing costs. Companies can improve product traceability by using innovative technologies that can greatly enhance the effectiveness and efficiency of supply chains, particularly in industries such as food and beverage, pharmaceutical, and health care.

The fermentation process generates ethanol, higher alcohols, esters, organic acid, and others. Some of these volatile compounds are of greater importance than others due to their concentrations or aromatic characteristics; some could be specific to the agave species. Thus, the rising advanced technology for production is expected to drive the global mezcal market.

POSITIVE OUTLOOK TOWARDS ADVANCED AND SMART PACKAGING SOLUTIONS

The wine packaging industry is adopting smart and sustainable solutions to make product packaging more consumer-oriented and environmentally friendly. Premiumization makes a brand or product more appealing to consumers by emphasizing its superior quality and exclusivity in the agave-based beverage category, making a brand more appealing and, therefore, more expensive. This can come from new packaging, artisanal production, higher-quality ingredients, new flavors, and social/environmental messaging.

Furthermore, digitally printed packaging offers considerable potential savings over other printing processes and low setup costs. Manufacturers can dispense with bulk orders with large print runs and stock holding. Popular brand designing companies prefer glass bottles for Mezcal packaging. The benefits of digital printing are essential for today's packaging sector. Digital printing is the ideal process for small to medium print runs and enables the creation of customized printing for packaging and displays. Moreover, most of the mezcal available online is packed in glass bottles.

Thus, due to new product launches and developments, an increase in demand for advanced and smart packaging is expected to act as a driver for the global mezcal market.

Global Mezcal Market Scope

The global mezcal market is segmented on the basis of product type, concentrate, price category, ABV content, year, packaging type, size, flavor type, producer type, product category, end user, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Mezcal Espadin
Mezcal Joven
Mezcal Reposado
Mezcal Anejo
Mezcal Ensamble
Mezcal Arroqueño
Mezcal Tepeztate
Others

On the basis of product type, the global mezcal market is segmented into mezcal joven, mezcal reposado, mezcal anejo, mezcal espadin, mezcal tepztate, mezcal arroqueño, mezcal ensamble and others

CONCENTRATE

100% Tequila
Mix Tequila

On the basis of concentrate, the global mezcal market has been segmented into 100% tequila and mix tequila.

PRICE CATEGORY

Premium
Standard
Economy

On the basis of price category, the global mezcal market has been segmented into premium, standard, and economy.

ABV CONTENT

40% and above
Less than 40%

On the basis of ABV content, the global mezcal market has been segmented into below 40% and above and less than 40%.

YEAR

18-24
25-44
45-64
65+

On the basis of year, the global mezcal market has been segmented into 18-24 Years, 25-44 Years, 45-64 Years, and 65+ Years

PACKAGING TYPE

Bottle
Cans
Others

On the basis of packaging type, the global mezcal market has been segmented into bottle, cans, and others.

SIZE

251-500 ml
501-750 ml
751-1000 ml
more than 100 ml

On the basis of size, the global mezcal market has been segmented into 251-500 ml, 501-750 ml, 751-1000 ml, more than 100 ml

FLAVOR TYPE

Plain/Original
Flavored

On the basis of flavor type, the global mezcal market has been segmented into plain/original and flavored.

PRODUCER TYPE

Microbrewery
Distillers
Brewpub
Contract Brewing Company
Regional Craft Brewery
Large Brewery
Others

On the basis of producer type, the global mezcal market has been segmented into microbrewery, distillers, brewpub, contract brewing company, regional craft brewery, large brewery, and others

PRODUCT CATEGORY

Distillers Mezcan
Handcrafted Mezcan/ Artisanal Mezcan

On the basis of product category, the global mezcal market has been segmented into distillers mezcan and handcrafted mezcan

END-USE

Restaurants
Hotels & Bars
Café
Catering
Airlines
Household
Others

On the basis of end user, the global mezcal market has been segmented into Restaurants, Hotels & bars, Café, Catering, Airlines, Household, and Others

DISTRIBUTION CHANNEL

Offline- Trade
Online Trade

On the basis of distribution channel, the global mezcal market has been segmented into offline trade and online trade.

Explore More Reports:

https://marketsnewsupdate.blogspot.com/2023/10/cubitainers-market-at-growth-rate-of.html

https://marketsnewsupdate.blogspot.com/2023/10/disinfection-equipment-market-is.html

https://marketsnewsupdate.blogspot.com/2023/10/flexible-packaging-paper-market-and-is.html

https://marketsnewsupdate.blogspot.com/2023/10/fabric-care-market-will-grow-at-rate-of.html

https://marketsnewsupdate.blogspot.com/2023/10/pasta-filata-cheese-market-growth-at.html

About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

Contact Us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email:- corporatesales@databridgemarketresearch.com

This release was published on openPR.