Get in touch with us. Tequila is a variety of mezcal produced in the Tequila region of Mexico. Besides this, Europe and America’s political climate uncertainties has led to a slowdown in 2016. How Lucrative is Mezcal Market’s Future Outlook in Comparison to Historical Growth? The heart of Joven is produced at a traditional Palenque in Matatln, but it is grown and distilled in the Oaxaca region of Mexico. Mezcal’s long standing relationship with craft beer will continue presenting attractive opportunities for the market’s growth. Notwithstanding the impact of COVID-19 outbreak, an increase in beer imports has been reported, hence creating lucrative opportunities for mezcal in Brazil. Mezcal fever in the U.S. made the American market—specifically bars and restaurants—the most important sales channel for small agave distillers in rural communities. Home Reports . Unit No: AU-01-H Gold Tower (AU), Mezcal Anejo will exhibit a higher CAGR through 2027. Mezcal Joven is highly sought-after. Users have rated this product 4 out of 5 stars. A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. Statista assumes no All important statistics are prepared by our experts – available for direct download as PPT & PDF! Furthermore, after a 39% increase last year, Pernod Ricard’s Del Maguey brand still remains the leading mezcal brand in the U.S., according to Impact Databank. In 2019, a Think Tequila and Mezcal event was added due to the circumstance that both tequila and mezcal are shifting from niche spirits to more mainstream consumption. Bacardi paid $5.1 billion for Patrón, while Diageo acquired Casamigos, which at the time was solely a tequila brand, in a deal valued at up to $1 billion. Our coverage is all-encompassing – explore our comprehensive coverage of varied industries and categories, Latest news, views, and press releases – explore our media section and connect with us. And following Diageo’s acquisition of Casamigos tequila, also in June, for up to $1bn, the brand is now adding a mezcal to its range. Tequila and Mezcal (Spirits) Market in France - Outlook to 2020: Market Size, Growth and Forecast Analytics is a broad level market review of Tequila and Mezcal market of France. With demand for ethically sourced food and beverages items surging mezcal has solid chance at emerging as a premium ingredient in the beverages sector. The research handbook provides up-to-date market size data for period 2013-2018 and illustrative forecast to 2023 covering key market aspects like Sales Value and Volume for Tequila & Mezcal and its variants . Due to varying update cycles, statistics can display more up-to-date Each of these segments are analyzed … How is Interest for Ethically Sourced Products Pushing Mezcal Sales? New, Figures and insights about the advertising and media world, Industry Outlook Leading beverage companies are significantly concentrating on research and development (R&D) activities to advance the multifunctional profiles of non-alcoholic drinks which offer high health benefits. Tequila/Mezcal sales up 17.4 percent or $587 million to $4.0 billion; Mezcal up 17.7 percent or $19 million totaling $124 million; Cognac sales up … Moreover, as the contribution of the spirit producing manufacturers is increasing globally, as a result there is strong sales prospects of mezcal in international market which also is associated with the commercialization of Mexican export in international markets and not only in the US. Based on distribution channel, the mezcal market is bifurcated into HORECA, speciality stores, modern trade, online retailers and other sales channels. Mezcal Joven and Mezcal Reposado remain sought-after. 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