Global Mezcal Market to Grow 21.71% CAGR 2017 to 2021 – Analysis of Destilería Tlacolula, Ilegal Mezcal, Pernod Ricard, Pierde Almas, and William Grant & Sons

MarketResearchNest.com adds “Global Mezcal Market 2017-2021” new reports to its research database. The report spread across 71 pages with tables and figures in it.

The research analysts forecast the global mezcal market to grow at a CAGR of 21.71% during the period 2017-2021.

Mezcal is a distilled alcoholic spirit primarily manufactured from the agave plant native to Mexico. It has a distinctive and strong smoky flavor. There are 9 states in Mexico where mezcal is processed and manufactured. Mezcal is generally consumed straight in most parts of the US and Mexico. Besides, mezcal can be made from over 30 varieties of agave. Whereas, tequila is made from the blue agave only.

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Technavio recognizes the following companies as the key players in the global mezcal market: Destilería Tlacolula (DT), Ilegal Mezcal (IM), Pernod Ricard (PR), Pierde Almas (PA), and William Grant & Sons (WGS).

Other Prominent Vendors in the market are: El Silencio Holdings, El Tinieblo, Fidencio Mezcal, GEM & BOLT, HEAVY MÉTL PREMIUM IMPORTS, Lágrimas de Dolores, Los Danzantes, Mezcal Vago, and Mezcales de Leyenda.

The latest trend gaining momentum in the market is Easy accessibility of products due to online retailing. With the increasing influence of e-commerce businesses worldwide, the vendors have immense opportunity to realize the huge market potential of their products. E-commerce trading accounts for approximately 12% of the global retail trade. Most of the e-commerce channels support both business-to-consumer (B2C) and business-to-business (B2B) operations.

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According to the report, one of the major drivers for this market is Rising exports of mezcal. The increasing value of exports, in terms of volume and revenue, is an encouraging sign for the mezcal market. Since the last five years, the mezcal exports from Mexico to other countries has grown significantly. In 2016, the total volume of mezcal exports from Mexico (2.7 million liters) grew by 30.6% in comparison to 2015. Whereas, in dollar terms, the value rose by 35% in comparison to 2015 and was billed at: $26.8 million. Currently, eight states of Mexico have the right to produce mezcal, with Oaxaca state being the leading one.

Further, the report states that one of the major factors hindering the growth of this market is Distribution challenges. Supermarkets and big chains of discount and convenience stores have become important modes of distribution for mezcal manufacturers. However, this presents some serious challenges to the manufacturers, such as pressure regarding the prices and profit margins of the product, as retail stores operate at a lower profit margin.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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