Market Study Report Date: 2021-01-13 Business Product ID: 3137206 A latest report titled Global Tequila and Mezcal (Spirits) market the report has been prepared by expert and knowledgeable market analysts and researchers. 6 Million in the year 2020, is projected to reach a … Mezcal is a distilled alcoholic beverage made from the agave plant. The market achieved its strongest performance in 2017, when it grew by 5.79% over its previous year and its weakest performance in 2015, when it increased to 3.85% over 2014. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027. The Infinium Global Research analyzes the Mezcal Market over the period of 2019 to 2025. Mezcal Market size. February 4, 2021. Historical & Forecast Period. Market Analysis and Insights: Global Mezcal Market. Edison, NJ -- (SBWIRE) -- 01/04/2021 -- The latest release from HTF MI highlights the key market trends impacting the growth of the Global Mezcal market. Amid the COVID-19 crisis, the global market for Mezcal estimated at US$496. Tequila & Mezcal market in Mexico registered a positive compound annual growth rate (CAGR) of 4.63% during the period 2013 to 2018 with a sales value of MXN 32,134.54 Million in 2018, an increase of 4.69% over 2017. 2018 - Historical Year for mezcal Market 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. The Mezcal Market will grow by USD 979.02 mn during 2020-2024 5 Billion by 2027. Increasing demand for mescal over tequila products is expected to create new opportunity for the market. The United States is a leading market in North America for mezcal goods. Tequila is an ideal spirit to pair with cigars as well, whether it's... a Blanco or Añejo or Extra Añejo that has spent several years in oak. The growth of the mezcal market Analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of mezcal market vendors. Increasing Demand for Mezcal to Experience Consolidation to Escalate Mezcal Market Growth during 2020–2027 . The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Increasing demand for mescal over tequila products is expected to create new opportunity for the market. 6 Million in the year 2020, is projected to reach a … The mezcal market is expected to grow by USD 979.02 million during 2020-2024, according to Technavio. 5 Billion by 2027. “The slight wood influence the tequila gets from the barrels adds a creamy, vanilla and black pepper flavor that complements a lighter bodied cigar. The report sheds light on significant factors that are constantly shaping the growth of the mezcal market, untapped opportunities for manufacturers, trends and developments, and other insights across various key segments. Table of Contents: Executive Summary Market Overview. The global mezcal market is projected to exhibit robust growth owing to the increasing demand for premium alcoholic beverages. Mezcal Market is expected to reach USD 733 million by 2027 growing at a growth rate of 13.93% in the forecast period of 2020 to 2027. Increasing family disposable incomes coupled with strengthening buyer power will support the Tequila & Mezcal market growth between 2020 and 2026. This report presents the market size and development trends by detailing the Mezcal market revenue, market share and growth rate from 2015-2026, and it gives a thorough analysis by various product types, applications, regions, and main participants. Market trends such as the rising prominence of social media and celebrity influencers are likely to emerge as the primary drivers of the market. However, factors such as growing production and supply constraints may threaten the growth of the market. Technavio has announced its latest market research report titled Global Mezcal Market 2020-2024 (Graphic: Business Wire) The mezcal market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic.As per Technavio’s pandemic-focused market research, market growth is likely to increase as compared to 2019. Mezcal Market: Scope of the Report. Mezcal Market industry analysis. For instance, 1,571 million liters of alcohol was produced in 2018 in the U.S., which was 1,481 million liters in February 2017. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global mezcal market. The macroeconomic factors that are directly or indirectly affecting the growth of the global mezcal market are also incorporated in the report. Transparency Market Research (TMR) started a new study on the global mezcal market, providing forecasts for the period of 2013 to 2027.The report enumerates valuable insights to enable readers in making winning business decisions for the future growth … The demand for mezcal, a tropical agave plant-based liquor, increased significantly over the past few years and is expected to increase further over the forecast period. Mezcal Market Growth, Forecast and Value Chain 2019-2029. Technavio has announced its latest market research report titled Global Mezcal Market 2020-2024 (Graphic: Business Wire). The Mezcal Market is an intrinsic study of the current status of this business vertical and encompasses a brief synopsis about its segmentation. Between 2021 and 2026, more than 75% of the demand growth will come from North America. Increasing preference for consumption of premium alcoholic drinks has been one of the major factors towards the growth of the mezcal market. 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