Press release
Mezcal Market Research Report Explores the Trade Trends for the Forecast 2030
The Mezcal Market size was valued at US$ 1,469.17 million in 2022 and is expected to reach US$ 2,393.57 million by 2030; it is estimated to register a CAGR of 6.3% from 2023 to 2030.Mezcal is a distinctive Mexican spirit made from agave plants, primarily in the Oaxaca region. Unlike tequila, which is a type of mezcal made exclusively from blue agave, mezcal can be produced from various agave species, giving it a broader range of flavors and aromas. The surge in demand for mezcal can be attributed to its artisanal production methods, unique smoky flavor, and the growing appreciation for craft spirits. Consumers are increasingly seeking authenticity and diversity in their drinking experiences, which has led to mezcal gaining popularity among adventurous spirits enthusiasts and mixologists alike. Its cultural heritage and traditional production techniques have also contributed to its appeal, making it a sought-after choice for those looking to explore the rich world of agave-based spirits.
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Analysis of the Top Market Players:
1. Casa Agave Ltd
2. Quiquiriqui Mezcal Ltd
3. Davide Campari Milano NV
4. Gente de Mezcal SA de CV
5. Bacardi-Martini BV
6. Diageo Plc
7. Pernod Ricard SA
8. Meanwhile Drinks Ltd
9. Proximo Spirits Inc
10. Madre Mezcal Inc
In this report, the market has been segmented on the basis of:
Product Type (Joven, Reposado, Anejo, and Others)
Category (100% Agave and Blend)
Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
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Based on product type, the market is categorized into joven, reposado, anejo, and others. The reposado segment is expected to register the highest CAGR during 2022-2030. Reposado, which translates to "rested" in Spanish, represents a middle ground between the youthful boldness of joven and the aged complexity of anejo mezcal. It undergoes a relatively short aging process of two months to one year in oak barrels. This aging imparts a mellower character to the spirit, smoothing out some of the agave's sharper edges. While retaining the core agave flavors, reposado mezcal develops additional nuances, such as hints of vanilla, caramel, and wood. Its surging demand is due to its ability to balance the unaged vibrancy of joven and the refined complexity of anejo, making it a preferred choice for those seeking a smoother and more approachable mezcal experience.
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