The report of Mezcal Market by Application (Joven, Reposado, Anejo), Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, E-Commerce), and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ 23.1 Bn by 2026, at a CAGR of XX% during a forecast period.
The growth of the global mezcal market is expected to witness substantial growth because of the growing demand for beverages that helps in checking blood sugar and bettering digestion. Various alcohol lovers are now increasingly opting for mezcal in different parts of the globe. Mezcal has emerged as a healthy substitute of liquors like Tequila. During the forecast period of 2019 to 2026, the mezcal market is likely to gain momentum significantly from the encouraging attitude toward mezcal.
Joven segment is expected to grow at the highest XX% CAGR during the forecast period.
Joven held the largest revenue XX% share in 2018. The product is available in many flavors, including green apple, citrus, and white pepper. Joven is typically preferred in cocktails to add the sacred flavor of sweet agave in the drinks.
North America is expected to witness the fastest growth during the forecast period.
North America held the largest XX% share of the global industry revenues in 2018. The U.S is one of the leading markets for mezcal in the North American region. Key players in the North American region are considering the growing popularity of mescal and are investing to open production plants in the region, which is highly popular for the production of mescal. Additionally, the demand for spirits across the on-trade sales channels, with full-service restaurants and cafés/bars, is expected to increase significantly over the forecast period.
Key players operating in the are Pernod Ricard, Ilegal Mezcal, William Grant and Sons Ltd., Rey Campero, El Silencio Holdings, Mezcal Vago, Lagrimas de Dolores, Fidencio Mezcal, Los Amantes Mezcal S.A. de C.V, Gem & Bolt, LLC
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
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