The Mead Beverages Market is being driven by Presence of numerous untapped markets
The Mead Beverages Market is expected to grow at a CAGR of 9.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4027.2 million. The global mead beverages market is witnessing significant growth due to the continuous product innovations by vendors. New and unique mead flavors, such as blueberry, blackberry, apple, orange, and cranberry, are being introduced to captivate consumer interest. Moreover, the market is observing a trend towards the launch of gluten-free mead beverages catering to the growing consumer base with gluten intolerance. These product developments are anticipated to boost market demand and drive growth throughout the forecast period.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
197 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.9% |
Market growth 2025-2029 |
USD 4027.2 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
8.3 |
Key countries |
US, Germany, China, Canada, France, UK, Japan, Italy, India, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Mead Beverages Market encompasses the production and sale of Honey Wine, also known as mead, which is a historical fermented drink made from honey and water with various fruits, spices, or herbs added for flavor. Craft brewing plays a significant role in the Alcohol Industry's beverage market, with artisanal mead production gaining popularity. Mead Varieties include flavored meads, fruit infusions, and low alcohol options. Manufacturers employ innovative branding strategies, sustainability practices, and packaging solutions to cater to evolving Consumer Preferences. Regional Market Dynamics shape distribution channels, with Retail Sales and Online Platforms driving growth. Product Innovation, mead festivals, and delivery services expand market reach. Sustainability, environmental impact, and health benefits are key concerns. Meade making, honey wine tastings, and recipes are part of the industry's rich history. Mead brewing techniques and mead vs wine comparisons continue to fuel debate. Honey wine retailers offer a range of products, from dietary supplements to events, for enthusiasts.
The global beverage market encompasses producers of alcoholic beverages, specifically focusing on beer, craft brewing, and mead, collectively referred to as the brewers market. This sector excludes equipment such as commercial beer dispensers and kegerators. The brewers market's expansion is primarily fueled by the surge in craft brewing, particularly in developed markets. In the US, for instance, the number of craft brewers has experienced substantial growth since 2021, with microbreweries accounting for approximately 80% of the total production. Historical beverages like mead, which includes fermented drinks, artisanal production, flavored meads, and fruit infusions, are gaining popularity through brewing techniques and various mead varieties. The alcohol industry's ongoing trend towards local and authentic offerings further bolsters the growth of the brewers market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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