openPR Logo
Press release

Mezcal Market Size to Hit US$ 1,935 Million by 2032 | Grow CAGR by 15.1%

09-24-2024 08:36 AM CET | Food & Beverage

Press release from: IMARC Group

Mezcal Market

Mezcal Market

๐’๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ:

โ€ข The global mezcal market size reached US$ 525 Million in 2023.
โ€ข The market is expected to reach US$ 1,935 Million by 2032, exhibiting a growth rate (CAGR) of 15.1% during 2024-2032.
โ€ข North America leads the market, accounting for the largest mezcal market share.
โ€ขMezcal reposado accounts for the majority of the market share in the product type segment as it is known for its aging process, which sets it apart from other types of alcoholic beverages.
โ€ข On-trade holds the largest share in the mezcal industry.
โ€ข The ongoing trend of organic and sustainable farming practices is supporting mezcal's growth, as many brands emphasize their eco-friendly production methods.
โ€ข Tourism in Mexico, especially in regions known for mezcal production, is spreading awareness and boosting the market globally.


๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

โ€ข ๐๐จ๐ฉ๐ฎ๐ฅ๐š๐ซ๐ข๐ญ๐ฒ ๐จ๐Ÿ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐š๐ง๐ ๐‚๐ซ๐š๐Ÿ๐ญ ๐๐ž๐ฏ๐ž๐ซ๐š๐ ๐ž๐ฌ

The rise in consumer preference for premium and craft alcoholic beverages is driving the mezcal market's growth. Consumers are increasingly looking for unique, high-quality drinks with distinctive flavors, and mezcal fits this profile perfectly. Its artisanal production process, involving small batches and handcrafted techniques, resonates with the growing demand for craft beverages. Mezcal's reputation as a luxury spirit is further enhanced by its association with high-end restaurants and bars, where it is often featured in signature cocktails. Additionally, consumers are willing to pay a premium for authentic, handcrafted products, which is helping mezcal gain a foothold in the premium spirits market. The diversity of flavors, ranging from smoky to sweet, appeals to a wide audience of spirits enthusiasts, further contributing to its rising popularity. As consumers continue to seek out sophisticated and authentic drinking experiences, mezcal's market is set to expand significantly.

โ€ข ๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ ๐ข๐ง ๐“๐ซ๐š๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐š๐ง๐ ๐€๐ฎ๐ญ๐ก๐ž๐ง๐ญ๐ข๐œ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ

Consumer interest in traditional and authentic cultural products is a significant driver of the mezcal market. Rooted deeply in Mexican heritage, mezcal offers an experience beyond just its flavor, connecting drinkers to centuries of history and artisanal craftsmanship. This aspect is particularly appealing to those seeking an authentic cultural experience through their beverage choices. As consumers become more educated about mezcal's rich traditions and unique production process, which differs from tequila, the demand continues to grow. The rise of cultural appreciation for indigenous and regional products has made mezcal a symbol of Mexico's artisanal heritage. This authenticity is highly valued in today's market, where consumers increasingly prioritize experiences and stories behind the products they consume. Mezcal's traditional methods and the fact that it's often made by family-owned distilleries in rural regions only enhance its appeal, driving its global expansion.

โ€ข ๐™€๐™ญ๐™ฅ๐™–๐™ฃ๐™จ๐™ž๐™ค๐™ฃ ๐™ž๐™ฃ ๐˜พ๐™ค๐™˜๐™ ๐™ฉ๐™–๐™ž๐™ก ๐˜พ๐™ช๐™ก๐™ฉ๐™ช๐™ง๐™š

The growth of cocktail culture globally is boosting the demand for mezcal as a key ingredient in modern and classic cocktails. Mezcal's distinctive smoky flavor offers mixologists a unique tool to create inventive drinks that stand out on menus. Its versatility allows it to pair well with a variety of ingredients, making it a favorite for those looking to add complexity to their creations. Additionally, cocktail culture's rise in social settings, where presentation and novelty are essential, has pushed mezcal to the forefront of trendy and experimental bars. As mixologists continue to innovate, the demand for high-quality mezcal is expected to rise, particularly as consumers look for new, exciting flavors in their drinks. This growing popularity in the bar scene significantly contributes to mezcal's market growth.

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ฎ ๐˜€๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฐ๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ถ๐˜€ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜:
https://www.imarcgroup.com/mezcal-market/requestsample
Mezcal Market Report Segmentation:

๐˜ฝ๐™ง๐™š๐™–๐™ ๐™ช๐™ฅ ๐˜ฝ๐™ฎ ๐™‹๐™ง๐™ค๐™™๐™ช๐™˜๐™ฉ ๐™๐™ฎ๐™ฅ๐™š:

โ€ข Mezcal Joven
โ€ข Mezcal Reposado
โ€ข Mezcal Anejo

Mezcal reposado represented the largest segment due to its growing popularity among consumers seeking aged mezcal varieties with nuanced flavors and smoother profiles.

๐—•๐—ฟ๐—ฒ๐—ฎ๐—ธ๐˜‚๐—ฝ ๐—•๐˜† ๐——๐—ถ๐˜€๐˜๐—ฟ๐—ถ๐—ฏ๐˜‚๐˜๐—ถ๐—ผ๐—ป ๐—–๐—ต๐—ฎ๐—ป๐—ป๐—ฒ๐—น:

โ€ข On-Trade
โ€ข Off-Trade

On-trade represented the largest segment as it encompasses sales through bars, restaurants, and hotels, where mezcal is often prominently featured in craft cocktails and premium beverage menus, driving significant consumption.

๐˜ฝ๐™ง๐™š๐™–๐™ ๐™ช๐™ฅ ๐˜ฝ๐™ฎ ๐™๐™š๐™œ๐™ž๐™ค๐™ฃ:

โ€ข North America (United States, Canada)
โ€ข Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
โ€ข Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
โ€ข Latin America (Brazil, Mexico, Others)
โ€ข Middle East and Africa

North America was the largest market for mezcal due to increasing consumer awareness and appreciation of artisanal spirits, coupled with a growing demand for unique and exotic alcoholic beverages, particularly in the United States and Canada.

๐™๐™ค๐™ฅ ๐™ˆ๐™š๐™ฏ๐™˜๐™–๐™ก ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™‡๐™š๐™–๐™™๐™š๐™ง๐™จ:

The mezcal market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

๐—ฆ๐—ผ๐—บ๐—ฒ ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ธ๐—ฒ๐˜† ๐—ฝ๐—น๐—ฎ๐˜†๐—ฒ๐—ฟ๐˜€ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฎ๐—ฟ๐—ฒ:

โ€ข Bacardi Limited
โ€ข Desolas
โ€ข Destileria Tlacolula Inc.
โ€ข Diageo plc
โ€ข El Silencio Holdings Inc.
โ€ข IZO Spirits
โ€ข Lรกgrimas de Dolores
โ€ข Pernod Ricard SA
โ€ข Rey Campero

๐—•๐—ฟ๐—ผ๐˜„๐˜€๐—ฒ ๐—ณ๐˜‚๐—น๐—น ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐˜„๐—ถ๐˜๐—ต ๐—ง๐—ข๐—– & ๐—Ÿ๐—ถ๐˜€๐˜ ๐—ผ๐—ณ ๐—™๐—ถ๐—ด๐˜‚๐—ฟ๐—ฒ๐˜€
: https://www.imarcgroup.com/request?type=report&id=19186&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

๐˜ผ๐™—๐™ค๐™ช๐™ฉ ๐™๐™จ:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

๐˜พ๐™ค๐™ฃ๐™ฉ๐™–๐™˜๐™ฉ ๐™ช๐™จ:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
๐™€๐™ข๐™–๐™ž๐™ก: sales@imarcgroup.com
๐™๐™š๐™ก ๐™‰๐™ค:(D) +91 120 433 0800
๐™๐™ฃ๐™ž๐™ฉ๐™š๐™™ ๐™Ž๐™ฉ๐™–๐™ฉ๐™š๐™จ: +1-631-791-1145

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 Mezcal Market Size to Hit US$ 1,935 Million by 2032 | Grow CAGR by 15.1% here

News-ID: 3665186 • Views: โ€ฆ

More Releases from IMARC Group

Global Candle Market Size projected to Reach USD 16.3 Billion by 2033 | CAGR of 5.03%.
Global Candle Market Size projected to Reach USD 16.3 Billion by 2033 | CAGR of โ€ฆ
According to the latest report by IMARC Group, titled "Candle Market Size, Share, Trends and Forecast by Product, Wax Type, Distribution Channel, and Region, 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global candle market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global candle market size was valued at USD 10.5 Billion in 2024. Looking forward, IMARCโ€ฆ
Global Multi-Factor Authentication Market Edition 2025: Industry Size to Reach USD 70.0 Billion by 2033, CAGR of 14.26%.
Global Multi-Factor Authentication Market Edition 2025: Industry Size to Reach U โ€ฆ
According to the latest report by IMARC Group, titled "Multi-Factor Authentication Market Size, Share, Trends and Forecast by Model, Deployment Type, Application, Vertical, and Region, 2025-2033", offers a comprehensive analysis of the industry, which comprises insights on the global multi-factor authentication market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global multi-factor authentication market size was valued at USD 15.4 Billion in 2022.โ€ฆ
Global PET Bottle Recycling Market Size, Share And Growth Report 2025-2033
Global PET Bottle Recycling Market Size, Share And Growth Report 2025-2033
Overview PET Bottle Recycling Market: The PET (Polyethylene Terephthalate) Bottle Recycling Market revolves around the collection, processing, and reuse of PET bottles to produce recycled PET (PET), which is widely used in packaging, textiles, and industrial applications. With rising concerns about plastic waste, sustainability, and circular economy practices, PET bottle recycling has become a critical part of waste management and resource optimization. PET offers advantages such as cost efficiency, reduced carbonโ€ฆ
Cables Manufacturing Plant Cost 2025: Detailed Project Report, Strategic Planning, and Industry Analysis
Cables Manufacturing Plant Cost 2025: Detailed Project Report, Strategic Plannin โ€ฆ
Cables are electrical conductors used to transmit power, data, or signals between devices and systems. They consist of one or more insulated wires made from conductive materials like copper or aluminum, enclosed in protective sheaths. Cables play a vital role in industries such as power transmission, telecommunications, construction, and electronics, offering safe and efficient connectivity for residential, industrial, and commercial applications. Establishing a cable manufacturing plant involves setting up wire drawingโ€ฆ

All 5 Releases


More Releases for Mezcal

Mezcal Market to Witness Phenomenal Growth | Real Minero, Mezcal Vago, Bruxo, De โ€ฆ
HTF MI recently introduced Global Mezcal Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Del Maguey, Ilegal Mezcal, Los Amantes, El Silencio, Montelobos, Casamigos, Reyโ€ฆ
Mezcal Market Size, Share, Trends, Opportunities, and Forecasts 2024 to 2031 | P โ€ฆ
DataM Intelligence has published a new research report on "Mezcal Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. . The purpose of this report is to provide a telescopic view of the current market size by valueโ€ฆ
Mezcal Market Future Prospects, Trends, Growth, Key Player SWOT Analysis by 2031 โ€ฆ
"Mezcal Market 2024," The objectives outlined in the report are multifaceted and aimed at offering a comprehensive understanding of the Mezcal market dynamics. These objectives encompass a meticulous analysis and forecast of the market's dimensions, encompassing both its value and volume aspects. Additionally, the report seeks to discern and delineate the market shares held by major segments within the Mezcal industry, providing stakeholders with a nuanced perspective on market dynamics. Furthermore, theโ€ฆ
Mezcal Market May Set a New Epic Growth Story: Ilegal Mezcal, El Tinieblo, Pierd โ€ฆ
According to HTF Market Intelligence, the Global Mezcal market to witness a CAGR of % during the forecast period (2023-2029). The Latest Released Mezcal Market Research assesses the future growth potential of the Mezcal market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities.โ€ฆ
Global Mezcal Market Boosting the Growth Worldwide| Impressive 22.6% CAGR | Ileg โ€ฆ
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, restrainingโ€ฆ
Mezcal Market Insights 2027 - Worldwide Industry Leading Players are Alipรบs USA โ€ฆ
The research report provides a big picture on "Mezcal market" 2027, on a global basis, offering a forecast and statistic in terms of revenue during the forecast period. This report covers detailed segmentation, complete R & D history, and explanatory analysis including the latest news. Furthermore, the study explains the future opportunities and a sketch of key players involved in the Mezcal hike in terms of revenue. Get sample PDF ofโ€ฆ