Pisco Market Expected to Surge to $1.17 Billion by 2030, Driven by Rising Social Acceptance and Regional Dominance

According to a new report published by Allied Market Research, titled, "Pisco Market by Origin, Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global pisco market size was valued at $558.5 million in 2020, and is projected to reach $1,173.6 million by 2030, registering a CAGR of 6.3% from 2021 to 2030.

📍𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/request-sample/A13626

In various regions around the world, alcoholic drinks have become an integral part of daily life. In some countries, such as the US, Canada, and Europe, they are often considered as part of the daily life of the people. The rise in social acceptance of female drinking is one of the main factors that is driving the alcohol-based market. Younger population is also influenced by their peers. Due to various factors such as increasing social media penetration, changing lifestyle, and higher family income, alcoholic products are more preferred by consumers. This is expected to continue to drive the pisco market growth.

In 2020, Chile accounted for the highest share in the pisco market, highly produced as an alternative to orujo in Chile and Peru. Alcoholic drinks are integral in daily life globally, influenced by factors like social acceptance, changing lifestyles, and higher family income. Rise in social acceptance of female drinking and influence of peers among the younger population drive the pisco market. Technological advancements in the food and beverage industry contribute to R&D efforts and product improvement.

💡𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧
• Origin: Divided into Peru and Chile.
• Type: Segments include Pisco Puro, Mosto Verde, and others.
• Sales Channel: Supermarket/hypermarket segment generated the highest revenue in 2020.
• Geography: Latin America accounted for over 55.3% of the market share, with Chile being a significant contributor.

📍𝐈𝐧𝐪𝐮𝐢𝐫𝐞 : https://www.alliedmarketresearch.com/purchase-enquiry/A13626

💡𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬
On-trade sales channels, like supermarkets and specialty stores, have faced challenges due to the closure of the HORECA industry.
Resurgence of the second wave of COVID-19 in Europe and North America poses challenges to the industry.

According to the pisco market analysis, the market is segmented on the basis of origin, type, sales channel, and region. By origin, it is divided into Peru and Chile. On the basis of type, the market is split into Pisco Puro, Mosto Verde, and others. Based on sales channel, the supermarket/hypermarket segment generated the highest revenue in 2020.

The on trade sales channel such as supermarket, specialty stores of pisco have nosedived across the world, owing to the closure of HORECA industry across the world. Furthermore, recent development in resurgence of the second wave of coronavirus in Europe and North America is one of the major challenges the industry is expected to face in the coming days.

💡𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐓𝐫𝐞𝐧𝐝𝐬
• Latin America, specifically Chile, dominates the pisco market, holding over 55.3% of the market share.
• Other regions covered include North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Russia), Asia-Pacific (Japan, China, Australia, India, South •
• Korea, Indonesia, Thailand), and LAMEA (Brazil, Argentina, Chile, Peru, South Africa, UAE).

📍𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
💡Barsol Pisco GmbH
💡Bauza
💡Compañía de las Cervecerías Unidas S.A
💡Cooperative Agricola Pisquera Elqui ltda
💡Macchu Pisco LLC
💡Pisco Malpaso
💡Pisco Porton
💡Pisquera Tulahuen SpA The Pisco People.

📍𝐓𝐚𝐥𝐤 𝐭𝐨 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/A13626

💡𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬

• Capsule & tablets segment held the highest share in the global pisco market (56.1%).
• The organic segment witnessed significant growth (12.8%).
• Food & beverage segment led end-use industries (48.2%).
• Business to business segment in distribution channels had a major annual growth rate of 12.9%.

Latin America accounted for over 55.3% of the Pisco market share, and is anticipated to maintain its dominance throughout the pisco market forecast period. Pisco market has been provided for all the four regions covered in the report. Countries analyzed under the North American geographical segment are the U.S., Canada, and Mexico. Under Europe, market size and forecast are provided for the UK, Germany, France, Italy, Spain, Russia and rest of Europe.

📍𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 : https://www.alliedmarketresearch.com/checkout-final/9afc362b9bf5e4344b57ae31e0e6153d

📞𝐂𝐨𝐧𝐭𝐚𝐜𝐭

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