8 July 2019 – The
Global Mezcal Market is subject to witness
a substantial growth due to the increasing import & exports activities of
mezcal across the globe. Additionally, increasing exports in regards to overall
volume and revenue coupled with improved quality and self-life of the products
are some of the encouraging indications for the growth of this market.
Increasing production of mezcal owing to growing demand of the products from
Latin America and North America region are expected to drive market growth in
the upcoming years. Globally, the mezcal market is predicted to grow at CAGR of
21.99% in forecast period, providing numerous opportunities for market players
to invest in research and development in the mezcal market.
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Mezcal is commonly known as an authentic Mexican alcoholic
drink that is yielded from the agave plant, also called as a maguey, which is
mostly found in the North America region prominently. The mezcal beverage is
made by processing agave extracts; the process commonly involves distillation
and fermentation. Agave extracts are obtained after harvesting agave plats
during maturity period or during production of its first single flower.
Commonly, upper portion of the plants, which contains large concentrations of
sugar, are processed slowly in underground pits for particular amount of
period.
Increasing demand from North America region is credited to
growing popularity of the drink among young population. Significant amount of
mescal has been exported, especially from Oaxaca every year. Favorable
governmental laws and regulations are expected to aid small and medium-sized
businesses to gather more customer base in the upcoming years, these factors
are predicted to positively influence market growth over the forecast period.
Increasing import from U.S and Japan are anticipated to fuel overall market
growth. Currently, the mezcal is sold in more than twenty-seven countries
across the globe, thus driving market growth.
The key players in the mezcal market are Distillery
Destileria Tlacolula, S. de R.L. M.I., Ilegal Mezcal (IM), Pernod Ricard (PR)
Co., Mezcal Pierde Almas, William Grant & Sons (WGS) Co., El Silencio
Holdings, Inc., El Tinieblo, Fidencio Mezcal, Gem & Bolt LLC, and Heavy
Métl Premium.
Market Segment:
The various
contributors involved in the value chain of Mezcal include manufacturers,
suppliers, distributors, intermediaries, and customers. The key manufacturers
in the Mezcal include
• El Jolgorio
• Ilegal Mezcal
• Pernod Ricard
• Diageo
• Rey Campero
Market Size Split by
Type
• Joven
• Reposado
• Anejo
Market Size Split by
Application
• Wedding
• Cocktail Party
• Backyard BBQ
• Others
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