Mezcal Market Share Worth USD 428.18 million by 2027: North America to Dominate Market Growth 

The mezcal market size was USD 284.21 million in 2017 and is estimated to reach USD 428.18 million, progressing at a CAGR of 13.18% by 2027. The (driver) is a key factor driving the mezcal market growth. 

Technavio publishes the new report on “mezcal market by product (Mezcal joven, Mezcal reposado, and Mezcal anejo), distribution channel (offline stores and online stores), and geography (APAC, North America, Europe, Middle East and Africa, and South America).” The mezcal market growth by the Mezcal Joven segment will be significant during the forecast period.

Don’t miss out the business opportunities in the Mezcal market. Unlock the Sample Report and gain crucial market insights that will benefit your business grow 

The mezcal market structure is fragmented in nature and the vendors are deploying growth strategies such as acquisitions, product launches, and others to promote their businesses in the global market. Some of the major mezcal market are:  

• BANHEZ SPIRITS COMPANY LLC
• Becle SAB de CV
• Craft Distillers
• Davide Campari Milano NV
• Destileria Tlacolula
• Diageo Plc
• DONA VEGA LLC
• Dos Hombres Inc.
• El Silencio Holdings LLC
• Ilegal Mezcal
• Kimo Sabe Mezcal
• Lagrimas de Dolores SPR de RL
• Las Joyas del Agave SA de CV
• Mezcal de Amor SAPI de CV
• Mezcal Vago
• Pernod Ricard SA
• Rey Campero
• Scorpion Mezcal

North America Accounts for the Largest Market Share in the Mezcal Market 

Based on geography, the mezcal market is segmented across APAC, North America, Europe, Middle East and Africa, and South America. North America is projected to contribute 64% of the mezcal market size by 2027. The COVID-19 pandemic led to a decline in demand for mezcal in North America. However, as online channels were active even during the pandemic, there was an increased demand for mezcal. 

Furthermore, in 2021 the demand for mezcal rebounded in retail stores as regional activities reopened due to the initiation of COVID-19 vaccination drives and the subsequent lifting of lockdowns. 

Factors Impacting the Mezcal Market Growth

• The rising demand for premium spirit products is a key factor driving the mezcal market value.
• The popularity of handcrafted, artisanal Mezcal is the major mezcal market trend which will positively influence the market growth. 
• Increasing production and supply constraints are a major challenge to the mezcal market size.

Technavio’s research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the mezcal market. Download the PDF Sample Report 

Key Highlights Covered in the Report 

• YOY growth rate of the mezcal market.

• A diversified analysis of the market’s competitive landscape and detailed information about vendors.

• Accurate prediction about upcoming trends and changes in consumer behaviour across North America, Europe, APAC, South America, and the Middle East and Africa.

• Comprehensive details of factors that will imapct the growth of mezcal market vendors.