The worldwide Asia-Pacific Mezcal Market report is the best to know the trends and opportunities in Asia-Pacific Mezcal Market industry. In this report, several aspects about the market research and analysis for the Asia-Pacific Mezcal Market industry have been underlined. This marketing report also endows with the information, statistics, facts and figures which are very helpful for the companies to maximize or minimize the production of goods depending on the states of demand. With the competitive analysis of the major players in the market, the wide ranging Asia-Pacific Mezcal Market business report lends a hand to businesses in taking better moves for improving their product and sales.
Moreover, an outstanding Asia-Pacific Mezcal Market research report highlights numerous industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company. To gain actionable market insights to build sustainable and money-spinning business strategies with an ease, this market report is a great option. The report provides top to bottom analysis and estimation of various market related factors that plays a key role in better decision making. The first class Asia-Pacific Mezcal Market report describes CAGR (compound annual growth rate) values and its fluctuations for the specific forecast period.
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The different agave species used, which have a wide variety of terpene compounds, the ability to use agave leaves in mezcal fermentation, variations in the ripening stage of agave, cooking of agave that can be done in ground holes with burning wood and heated stones that produce furans and smoky volatiles and are retained in the agave, and some herbs or other natural materials (such as worms) can all contribute to the flavor differences between mezcal.
The increasing consumer demand for the mezcal beverage, positive outlook towards advanced and smart packaging solutions, and rise in the number of production units are propelling the demand of the mezcal market in the forecast period. However, the heavy taxation and duties and stringent rules and regulations are expected to hamper the mezcal market growth in the forecast period.
Data Bridge Market Research analyses that the mezcal market is expected to reach a value of USD 316.49 million by 2029, at a CAGR of 22.7% during the forecast period. The increasing consumer demand for the mezcal beverage, positive outlook towards advanced and smart packaging solutions, and rise in the number of production units are propelling the demand of the mezcal market. The mezcal market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Market Definition
Mezcal is the name given to traditional distilled alcoholic beverages made in various rural areas of Mexico, from certain northern states up to south states, which is nahuatl mexcalli, "baked agave." These alcoholic beverages are made from the cooked stems of species of the genus Agave, also known as "maguey," which have fermented sugars. It is a traditional Mexican distilled beverage produced from the fermented juices of the cooked agave plant core. It is a type of distilled alcoholic beverage made from the cooked and fermented hearts, or piñas, of agave plants.
Some of the major players operating in the mezcal market are Davide Campari-Milano N.V., BACARDI, Craft Distillers, MADRE MEZCAL, Familia Camarena, Brown-Forman, Diageo, Pernod Ricard, WILLIAM GRANT & SONS LTD, Rey Campero, Tequila & Mezcal Private Brands S.A. de C.V., Destilería Tlacolula, El Silencio Holdings, INC., Sauza Tequila Import Company, Dos Hombres LLC. , Del Maguey, Wahaka Mezcal., BOZAL MEZCAL Sombra , Pensador Mezcal, Ilegal Mezcal among others.
Opportunities/ Challenges
- GROWING POPULARITY OF PREMIUM AND LUXURY BEVERAGES
The ability to keep an eye on cholesterol levels and monitor blood sugar levels. The growth of the market is further fueled by the rise in disposable income and consumer spending power, both of which enhance consumer demand for a variety of goods. The demand for mezcal is rising due to the premiumization trend, encouraging the consumption of upscale alcoholic and non-alcoholic beverages. More than drinking alcohol is part of the premiumization trend. Among millennial customers, there is a developing demand for premium mezcal products. Due to the rising disposable income in developed nations like North America and Western Europe, they are willing to spend a lot of money on high-end and super-premium goods. Due to rising consumer disposable income per person and the economy's ongoing expansion, the market for high-end premium spirits increased by 5-6% annually in volume from 2019 to 2021.
The market is anticipated to expand over the forecast period as mezcal demand has grown dramatically over the last few years. The rising demand for premium mezcal is an opportunity for the growth of the Asia-Pacific mezcal market.
- RISING POPULARITY OF DRINKING HEALTHFUL, NON-ALCOHOLIC BEVERAGES
One of the most rapidly developing industries is the beverage industry, which involves making various drinks such as mezcal. The growing consumer awareness of using natural and organic components in food and drink is predicted to create a challenge in the growth rate of the mezcal industry in the future.
Many fermented foods and beverages contain ethyl carbamate (EC), a known genotoxic carcinogen. Ethyl carbamate is not only carcinogenic but also a known liver toxic agent in humans. Moreover, carbonated beverage consumption has been linked with kidney stones, all risk factors for chronic kidney disease. The increasing number of chronic liver and kidney diseases makes consumers aware of drinking healthfully. People today prefer more non-alcoholic beverages due to such health conditions.
Thus, the rise in chronic health conditions is making consumers aware of the use of non-alcoholic beverages, and this may act as a challenge to the growth of the market.
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Asia-Pacific Mezcal Market Scope
The Asia-Pacific mezcal market is segmented on the basis of product type, concentrate, price category, ABV content, year, packaging type, size, flavor type, producer type, product category, end user, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Mezcal Espadin
- Mezcal Joven
- Mezcal Reposado
- Mezcal Anejo
- Mezcal Ensamble
- Mezcal Arroqueño
- Mezcal Tepeztate
- Others
On the basis of product type, the Asia-Pacific mezcal market is segmented into mezcal joven, mezcal reposado, mezcal anejo, mezcal espadin, mezcal tepztate, mezcal arroqueño, mezcal ensamble and others
CONCENTRATE
- 100% Tequila
- Mix Tequila
On the basis of concentrate, the Asia-Pacific mezcal market has been segmented into 100% tequila and mix tequila.
PRICE CATEGORY
- Premium
- Standard
- Economy
On the basis of price category, the Asia-Pacific mezcal market has been segmented into premium, standard, and economy.
ABV CONTENT
- 40% and above
- Less than 40%
On the basis of ABV content, the Asia-Pacific mezcal market has been segmented into below 40% and above and less than 40%.
YEAR
- 18-24
- 25-44
- 45-64
- 65+
On the basis of year, the Asia-Pacific mezcal market has been segmented into 18-24 Years, 25-44 Years, 45-64 Years, and 65+ Years
PACKAGING TYPE
- Bottle
- Cans
- Others
On the basis of packaging type, the Asia-Pacific mezcal market has been segmented into bottle, cans, and others.
SIZE
- 251-500 ml
- 501-750 ml
- 751-1000 ml
- more than 100 ml
On the basis of size, the Asia-Pacific mezcal market has been segmented into 251-500 ml, 501-750 ml, 751-1000 ml, more than 100 ml
FLAVOR TYPE
- Plain/Original
- Flavored
On the basis of flavor type, the Asia-Pacific mezcal market has been segmented into plain/original and flavored.
PRODUCER TYPE
- Microbrewery
- Distillers
- Brewpub
- Contract brewing company
- Regional craft brewery
- Large brewery
- Others
On the basis of producer type, the Asia-Pacific mezcal market has been segmented into microbrewery, distillers, brewpub, contract brewing company, regional craft brewery, large brewery, and others
PRODUCT CATEGORY
- Distillers mezcan
- Handcrafted mezcan/ artisanal mezcan
On the basis of product category, the Asia-Pacific mezcal market has been segmented into distillers mezcan and handcrafted mezcan
END-USE
- Restaurants
- Hotels & bars
- Café
- Catering
- Airlines
- Household
- Others
On the basis of end user, the Asia-Pacific mezcal market has been segmented into Restaurants, Hotels & bars, Café, Catering, Airlines, Household, and Others
DISTRIBUTION CHANNEL
- Offline-trade
- Online trade
On the basis of distribution channel, the Asia-Pacific mezcal market has been segmented into offline trade and online trade.
A comprehensive analysis will be provided covering the following points in the report:
- Executive Market Summary
- Scope of the Global Asia-Pacific Mezcal Market Report
- Key Finding and Recommendations
- Growth and Investment Opportunities
- Asia-Pacific Mezcal Market Market Value Chain/Supply Chain Analysis
- Asia-Pacific Mezcal Market Market Attractive Investment Proposition
- Competitive landscape and SWOT Analysis
- Asia-Pacific Mezcal Market Market Segmentation Outlook
- Regional Outlook
- Company Profiles of Key Players
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global Asia-Pacific Mezcal Market market over the period. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-mezcal-market
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