NEW YORK, Nov. 9, 2021 /PRNewswire/ -- The "Mezcal Market by Product and Geography - Forecast and Analysis 2021-2025" report has been added to Technavio's offering.
The mezcal market size is estimated to grow by USD 339.46 million from 2020 to 2025, accelerating at a CAGR of almost 13%.
Market Dynamics
The market is driven by factors such as the rising demand for premium spirit products and increasing investment by international players. However, the growing production and supply constraints will be hindering the market growth.
The increase in mezcal exports will have a positive impact on the growth of vendors. On the other hand, the competition from substitutes is expected to reduce the growth potential in the market.
Company Profiles
The mezcal market report includes information on the product launches, sustainability, and prospects of leading vendors including Becle SAB de CV, Craft Distillers, Davide Campari Milano NV, Destileria Tlacolula, Diageo Plc, El Silencio Holdings LLC, Ilegal Mezcal, Mezcal de Amor SAPI de CV, Pernod Ricard SA, and Scorpion Mezcal.
Competitive Analysis
The report includes the competitive analysis, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
The market growth in the mezcal joven segment was significant in 2020. The segment is driven by the relatively lower price, easy availability, and the more diverse product range of mezcal joven spirits compared with other mezcal products. North America will have the largest share of the market. The region is mainly driven by the increasing production and export of mezcal in Mexico. Also, the rising popularity of mezcal in the cocktail space and the rapid growth of on-premises sales for mezcal spirits in the US are contributing to the growth of the mezcal market in North America.
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Mezcal Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 13% |
Market growth 2021-2025 |
USD 339.46 million |
Market structure |
Fragmented |
YoY growth (%) |
9.20 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 65% |
Key consumer countries |
Mexico, Germany, China, US, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Becle SAB de CV, Craft Distillers, Davide Campari Milano NV, Destileria Tlacolula, Diageo Plc, El Silencio Holdings LLC, Ilegal Mezcal, Mezcal de Amor SAPI de CV, Pernod Ricard SA, and Scorpion Mezcal. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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