openPR Logo
Press release

Asia-Pacific Mezcal Market Size to Reach USD 316.49 Million Globally with Growing CAGR of 22.7% by 2029, Share, Demand, Industry Trends, Growth Opportunities and Revenue Outlook

Asia-Pacific Mezcal Market Size to Reach USD 316.49 Million

The worldwide Asia-Pacific Mezcal Market report is the best to know the trends and opportunities in Asia-Pacific Mezcal Market industry. In this report, several aspects about the market research and analysis for the Asia-Pacific Mezcal Market industry have been underlined. This marketing report also endows with the information, statistics, facts and figures which are very helpful for the companies to maximize or minimize the production of goods depending on the states of demand. With the competitive analysis of the major players in the market, the wide ranging Asia-Pacific Mezcal Market business report lends a hand to businesses in taking better moves for improving their product and sales.

To Gain More Insights about this Research, Visit https://www.databridgemarketresearch.com/reports/asia-pacific-mezcal-market

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 mezcal market is expected to reach a value of USD 316.49 million by 2029, at a CAGR of 22.7% 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.

Opportunities/ Challenges

GROWING POPULARITY OF PREMIUM AND LUXURY BEVERAGES

The ability to keep an eye on cholesterol levels and monitor blood sugar levels. The growth of the market is further fueled by the rise in disposable income and consumer spending power, both of which enhance consumer demand for a variety of goods. The demand for mezcal is rising due to the premiumization trend, encouraging the consumption of upscale alcoholic and non-alcoholic beverages. More than drinking alcohol is part of the premiumization trend. Among millennial customers, there is a developing demand for premium mezcal products. Due to the rising disposable income in developed nations like North America and Western Europe, they are willing to spend a lot of money on high-end and super-premium goods. Due to rising consumer disposable income per person and the economy's ongoing expansion, the market for high-end premium spirits increased by 5-6% annually in volume from 2019 to 2021.

The market is anticipated to expand over the forecast period as mezcal demand has grown dramatically over the last few years. The rising demand for premium mezcal is an opportunity for the growth of the Asia-Pacific mezcal market.

RISING POPULARITY OF DRINKING HEALTHFUL, NON-ALCOHOLIC BEVERAGES

One of the most rapidly developing industries is the beverage industry, which involves making various drinks such as mezcal. The growing consumer awareness of using natural and organic components in food and drink is predicted to create a challenge in the growth rate of the mezcal industry in the future.

Many fermented foods and beverages contain ethyl carbamate (EC), a known genotoxic carcinogen. Ethyl carbamate is not only carcinogenic but also a known liver toxic agent in humans. Moreover, carbonated beverage consumption has been linked with kidney stones, all risk factors for chronic kidney disease. The increasing number of chronic liver and kidney diseases makes consumers aware of drinking healthfully. People today prefer more non-alcoholic beverages due to such health conditions.

Thus, the rise in chronic health conditions is making consumers aware of the use of non-alcoholic beverages, and this may act as a challenge to the growth of the market.

Asia-Pacific Mezcal Market Scope

The Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific mezcal market has been segmented into 100% tequila and mix tequila.

PRICE CATEGORY

Premium
Standard
Economy

On the basis of price category, the Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific 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 Asia-Pacific mezcal market has been segmented into offline trade and online trade.

Explore More Reports:

https://marketsnewsupdate.blogspot.com/2023/11/hemp-clothing-market-to-surge-usd.html

https://marketsnewsupdate.blogspot.com/2023/11/herbal-products-market-is-projected-to.html

https://marketsnewsupdate.blogspot.com/2023/11/herbal-ready-to-brink-beverages-market.html

https://marketsnewsupdate.blogspot.com/2023/11/herbal-supplements-market-growth-to-hit.html

https://marketsnewsupdate.blogspot.com/2023/11/herb-vapourizers-market-swot-analysis.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.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Asia-Pacific Mezcal Market Size to Reach USD 316.49 Million Globally with Growing CAGR of 22.7% by 2029, Share, Demand, Industry Trends, Growth Opportunities and Revenue Outlook here

News-ID: 3308737 • Views:

More Releases from Data Bridge Market Research

Empowering Connectivity: The Intersection of Video Conferencing and Mobile VoIP
Empowering Connectivity: The Intersection of Video Conferencing and Mobile VoIP
Video conferencing mobile VoIP is defined as an extension of voice calls over to data services, including 3G/4G or Wi-Fi. The data is generally transmitted in small-sized packets that enhances the spectrum efficiency and reduces the maintenance cost owning to the use of one network for data transmission. Android OS, iOS, and Windows OS and MAC OS are some of the common platforms adopted for video conferencing mobile VoIP.
Seamless Connections: Exploring Unified Communication as a Service
Seamless Connections: Exploring Unified Communication as a Service
Unified communication-as-a-service (UCaaS) is a delivery model. Various applications, collaboration, and communication services are generally outsourced to a third-party provider and then delivered over a network in this model. These include enterprise messaging, telephony presence technology, and video conferencing. Many businesses widely use it to improve business processes by streamlining communication. It adds scalability and flexibility to core business tasks. Data Bridge Market Research analyses that the unified communication as a
Advancing Astronomy: Harnessing Laser Guide Star Adaptive Optics for Sharper Celestial Views
Advancing Astronomy: Harnessing Laser Guide Star Adaptive Optics for Sharper Cel …
Adaptive optics is defined as an advanced optical system that is used to correct the transportation medium between the subject and image, providing sharper images to the user. Adaptive optics helps in using a combination of complex sets of deformable mirrors for correcting the images in real-time by distortion from the earth's atmosphere. The significance of these images is higher in numerous industry verticals such as healthcare, aerospace & defense,
AI IN FASHION Market Size, Share, Trends, Key Drivers, Growth Opportunities and Competitive Outlook
AI IN FASHION Market Size, Share, Trends, Key Drivers, Growth Opportunities and …
Increasing demand for personalised experience, growing need of inventory management tools, rising trend and influence of social media, rising demand due to increasing benefits such as advanced material procurement, automation in operations, product discovery and others which will help in accelerating the growth of the AI in fashion market in the forecast period of 2021-2028. On the other hand, analysis of changing customer behaviour and future trends will further create

All 5 Releases


More Releases for Mezcal

Global Mezcal Market Boosting the Growth Worldwide| Impressive 22.6% CAGR | Ileg …
The Market Abstract of Mezcal Market The Mezcal market report is designed to include both qualitative and quantitative aspects of the business in globally each region and country participating in the study. The report also offers detailed information on important features such as growth driving factors, challenges, and business opportunities that can define the future evolution of the market. The report also traces the latest market dynamics, such as driving factors, restraining
Mezcal Market 2019: Industrial Demand by Top Vendors like Ilegal Mezcal, S.A. Re …
The Mezcal Market report provides details analysis of the market trends, drivers and restraints to showcase the current and future market scenario. StraitsResearch has ensured to provide a full-proof report that consists of the market strategies based on advanced technologies, applications, and different regions around the globe. The markets are expected to show significant growth during the forecasted period due to the increasing demand for the Mezcal. Mezcal is an organic,
Mezcal Market: Qualitative Insights,Key Players|El Jolgorio,Ilegal Mezcal,Pernod …
Mezcal Market report includes (6 Year Forecast 2019-2025) an intensive analysis of competition by topmost leading manufacturers ( El Jolgorio,Ilegal Mezcal,Pernod Ricard,Diageo,Rey Campero,Tlacolula Distillery,William Grant & Sons ) that providing data like company profiles, product image and specification, capacity, production, price, cost, revenue and call data. The Mezcal market report provides a basic outline of the business at the side of definitions, classifications, applications and business chain structure. It conjointly
Mezcal Market: Demand for Mezcal with 100% Tequila Concentrate to remain Predomi …
Agaves, known for being ecologically- and economically- important wild species in the food & beverage sector, are prominently identified as the key raw material for manufacturing distilled alcoholic beverage called Mezcal. While cultivation of agaves remains concentred in the Latin American region, Mezcal continues to garner impressive uptake from several parts of the world. According to Future Market Insights, the global demand for Mezcal will soar vigorously in the next
Mezcal Market - popularity of agave-based alcoholic drinks such as Tequila conti …
Over the next five years, sales of Mezcal bottles in the global market will resemble growth identical to their consumption during colonial times where the distilled alcoholic beverage was consumed in great quantities by indigenous people of the Latin American region. Introduced by the Spaniards and made through fermentation of agave juice, Mezcal continues to gain widespread popularity for being a beer-like beverage that tastes like Tequila. A new market study
Mezcal Market to Witness Predominant Preference for Mezcal with 100% Tequila Con …
Over the next five years, sales of Mezcal bottles in the global market will resemble growth identical to their consumption during colonial times where the distilled alcoholic beverage was consumed in great quantities by indigenous people of the Latin American region. Introduced by the Spaniards and made through fermentation of agave juice, Mezcal continues to gain widespread popularity for being a beer-like beverage that tastes like Tequila. A new market study