Michael Gardner, global business leader for Del Maguey, a mezcal brand, reports that the UK is one of the five best markets for the brand, along with the U.S., Greece, France, and Australia. If these changes will go through, artisanal mezcal will dominate the U.S. market, because these will belong to the premium mezcal category already available in the country. Natural non-alcoholic beverage is often touted healthier in comparison to conventional drinks. The growing interest for mezcal around the world has exceptionally helped attracting consumers to lesser known categories of rare agave varieties. FMI has projected the U.S. to remain one of the most lucrative markets throughout the forecast period. In 2016, the U.S. and Spain accounted for higher export of mezcal than the U.K. New regulations for mezcal went into effect that directed to redraft the outline and rules for how mezcal is prepared in industries and dictated how agave should be used and grouped mezcal into three definitive categories. The mezcal market has been bifurcated on the basis of product, concentrate, sales channel, and region. Additionally, health consciousness trend has inundated the global market with nutrition-rich food and beverages with genuine brand commitment to flavor, taste and quality. Distinctly, the regulations permit only limited states to sell the agave spirit as mezcal. Read more Yes, you can request a sample and it will be sent to you through an email. Companies operating in the beverage market are projected to capitalize on this opportunity during the forecast period. Fortune magazine reported that sales of mezcal rose 25 percent between 2014 and 2019, according to data from IWSR, which tracks alcohol sales around the world. Furthermore, majority of mezcal and tequila are made by refining the fermented agave plants juice in Mexico and adds for more than 80% market share in the mezcal and tequila manufacturing and supply. According to the Consejo Regulador del Mezcal, the global shipment of agave-based spirit rose by 26% to 827,000 9-liter cases and particularly in Mexico, the shipments rose by 10% to reach 304,000 cases in 2019. Moreover, Mezcal Joven exists in market in a number of flavors, including white pepper, citrus and green apple. Explore our comprehensive repository of published and upcoming market research reports. Mezcal fever in the U.S. made the American market—specifically bars and restaurants—the most important sales channel for small agave distillers in rural communities. In partnership, we are working with our top mezcaleros, where they have perfected the art … Some of the leading companies offering mezcal are are Bacardi Limited., Familia Camarena Tequila, Craft Distiller, Destileria Tlacolula, Diageo Plc., Don Julio, S.A.de., EI Silencio Holdings INC, among others. On Rancho Buenaventura , 10 minutes south of Nochixtlan in Oaxaca, Mexico, Sacacuento Mezcal is made. Our team of devoted, hard-working employees obtains the best harvest. Mezcal Market Country Level Analysis The document measures the market share of every application type and subsequently predicts the growth rate over the estimated timeframe. Sales of mezcal are projected to be higher in the Middle East & Africa and Asia Pacific. Brazil has been one of the leading countries in terms of beer consumption, which makes its highly lucrative for mezcal sales. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Mezcal Sales Market Scope, Trends, Key Vendor Analysis and Forecast by 2022 This report studies Mezcal Sales in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. facts. According to data from the IWSR, in the past three years, it has been the second-fastest growing spirits category, rising at a rate of 9% year-on-year, just behind gin at 12%. FMI provides a secure online payment system to buy report seamlessly. Liquor companies continue to pour into the mezcal space. Furthermore, after a 39% increase last year, Pernod Ricard’s Del Maguey brand still remains the leading mezcal brand in the U.S., according to Impact Databank. However, the evolving tastes and preferences of consumers have broadened scope for expansion as consumers are more willing to accommodate natural and organic food products. The best quality at a fair market price. How is Interest for Ethically Sourced Products Pushing Mezcal Sales? Tequila & Mezcal market in China registered a positive compound annual growth rate (CAGR) of 18.17% during the period 2013 to 2018 with a sales value of CNY 260.16 Million in 2018, an increase of 12.18% over 2017. With the West boasting the largest number of craft distillers, naturally emerging as lucrative pocket for mezcal sales. In 2019, a Think Tequila and Mezcal event was added due to the circumstance that both tequila and mezcal are shifting from niche spirits to more mainstream consumption. Brown-Forman Corporation (Grupo Industrial Herradura, S.A. de C.V.). While tequila was a breakout star of 2020, in December, mezcal experienced a sales boost from the fervor that surrounded Mexican agave spirits this year. With the West boasting the largest number of craft distillers, naturally emerging as lucrative pocket for mezcal sales. Amid the COVID-19 crisis, the global market for Mezcal estimated at US$496. Mezcal is the name for the family of Mexican alcoholic spirits distilled from various species of the Agave genus, known as Maguey. The craft spirits market is expected to expand over time due to the expanding craft breweries and distilleries. The research handbook also provides analytics on Sales by Brands and by Distribution Channel. The trend of mixing craft beer with mezcal is considered chic in the U.S., Canada, and Mexico. Unit No: AU-01-H Gold Tower (AU), Tequila & Mezcal Market in the United States of America registered a positive compound annual growth rate (CAGR) of 8.52% during the period 2013 to 2018 with a sales value of USD 7,192.49 Million in 2018, an increase of 10.20% over 2017. FMI expects global mezcal market to grow at 10.3% CAGR through 2031. Sales of American whiskey rose by 8.2 percent, rye whiskey jumped by 16.9 percent, tequila and mezcal sales were up by 17.4 percent, and Cognac (!) Definitive rules are laid down, regarding distinct processes to be undertaken for three categories. The trend of mixing craft beer with mezcal is considered chic in the U.S., Canada, and Mexico. Mezcal Market Size, Share & Trends Analysis Report By Application (Wedding Cocktail Party Backyard BBQ Others ), By Type (Joven Reposado Anejo ), By Region, And Segment Forecasts Till - 2028. Millenarian buyers are more passionate to try new variants and flavors as compared to the elder demographic. However, modern consumers are advanced and are likelier to try new flavors, thanks to their adventurous taste palettes and interest in trying unique flavors. For more information or any query mail at sales@wiseguyreports.com . How Businesses Can Utilize Market Research to Create Reactive, Recession-proof Strategies for Survival, Custom & Syndicated Market Research Reports, Competitive Intelligence | Ethical & Unbiased, Consulting | Unparalleled Business Intelligence. Among the global mezcal market's sales channel, the largest is HORECA, which represents 59.8% and a CAGR of 10.7%. Tequila & Mezcal Market in the United States of America registered a positive compound annual growth rate (CAGR) of 8.52% during the period 2013 to 2018 with a sales value of USD 7,192.49 Million in 2018, an increase of 10.20% over 2017. 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