Mezcal Market is Likely to Experience a Tremendous Growth in Near Future | Destilería Tlacolula, Prestige, Pierde Almas

The latest study released on the Global Mezcal Market by HTF MI evaluates market size, trend, and forecast to 2030.

The Mezcal market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include: Destilería Tlacolula (DT) (United States), Ilegal Mezcal S.A. (United States), William Grant & Sons (United Kingdom), El Silencio Holdings (United States), El Tinieblo (United States), Puente-Internacional (United States), Prestige Beverage Group (United States), Pernod Ricard (France), Pierde Almas (United States)

According to HTF Market Intelligence, the global Mezcal market is valued at USD Million in 2023 and estimated to reach a revenue of USD Million by 2030, with a CAGR of 6.3% from 2023 to 2029.

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Definition:

Mezcal is a distilled alcoholic beverage made from the agave plant, primarily in Mexico. The word "mezcal" comes from Nahuatl, an indigenous Mexican language, and it roughly translates to "cooked agave." The production of mezcal involves harvesting the core of the agave plant, known as the piña, which is then roasted or cooked. This process gives mezcal its distinct smoky flavor.

Unlike tequila, which is a specific type of mezcal made from the blue agave plant in certain regions of Mexico, mezcal can be produced from various agave species in different areas, contributing to a wide range of flavors and characteristics. Mezcal production often relies on traditional methods, including the use of underground pit ovens for roasting agave, stone grinding, and fermentation in wooden vats. The resulting spirit is typically bottled directly from the still, preserving its unique and complex flavors.

Market Trends:

Mezcal's traditional and artisanal production methods, often handed down through generations, appealed to consumers looking for high-quality, handcrafted spirits.

Market Drivers:

With the growing popularity of mezcal internationally, there is an opportunity for producers to expand their market reach beyond Mexico.
Exploring distribution in key markets where there's an increasing interest in craft spirits could be beneficial.

Market Opportunities:

Introducing new and innovative mezcal products, such as aged or flavored variations, can capture the attention of consumers seeking unique and diverse options within the mezcal category.

Market Leaders & Development Strategies :

On 28th May 2022, the premium artisanal mezcal brand Mezcal Unión, has now been fully acquired by Diageo. Diageo declares that it has secured a deal to buy Mezcal Unión by acquiring Casa UM.
The creators of Mezcal Unión will be involved in the company going forward to help it succeed and expand. Since 2016, Diageo has collaborated with Mezcal Unión, offering knowledge and aiding in the expansion of the brand's distribution network in Mexico, the US, and other nations. Mezcal Unión's expansion has accelerated during this time, and they have included a large number of mezcal producers and agave farmers in their sustainability and community assistance initiatives, which are intended to support local development in Oaxaca.

Target Audience:

Potential Investors
Medical and Healthcare Regulatory Institutions
Drug Associations
New Entrants
Government Bodies
Research and Development Institutes
Others

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The Global Mezcal Market segments and Market Data Break Down are illuminated below:

Global Mezcal Market Breakdown by Application (On Trade, Off-Trade)
by Type (Mezcal Joven, Mezcal Reposado, Mezcal Anejo) by Distribution Channel (Offline, Online) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

Global Mezcal market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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Objectives of the Report:

• -To carefully analyze and forecast the size of the Mezcal market by value and volume.
• -To estimate the market shares of major segments of the Mezcal
• -To showcase the development of the Mezcal market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Mezcal market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Mezcal
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Mezcal market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Major highlights from Table of Contents:

Mezcal Market Study Coverage:

• It includes major manufacturers, emerging player's growth story, and major business segments of Mezcal market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Mezcal Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Mezcal Market Production by Region Mezcal Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Mezcal Market Report:

• Mezcal Overview, Definition and Classification Market drivers and barriers
• Mezcal Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Mezcal Market
• Mezcal Capacity, Production, Revenue (Value) by Region (2023-2030)
• Mezcal Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Mezcal Production, Revenue (Value), Price Trend by Type {Mezcal Joven, Mezcal Reposado, Mezcal Anejo}
• Mezcal Manufacturers Profiles/Analysis Mezcal Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
How feasible is Mezcal market for long-term investment?
What are influencing factors driving the demand for Mezcal near future?
What is the impact analysis of various factors in the Global Mezcal market growth?

What are the recent trends in the regional market and how successful they are?
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This release was published on openPR.