New York, March 04, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “North America Mezcal Market Forecast to 2027 – COVID-19 Impact and Regional Analysis – By Type, Product ; Sales Channel and Country.” – https://www.reportlinker.com/p06027843/?utm_source=GNW
However, while all Tequila is Mezcal, not all Mezcal beverage is Tequila.
The increasing trend of premiumization, which is leading to the consumption of luxury beverages, is expected to boost the demand for Mezcal market.This supports the demand for alcoholic as well as non-alcoholic products.
Moreover, when it comes to alcoholic drinks, the millennial population is ready to spend more on the high-end and super-premium products.The premiumization trend is more than sipping spirits.
There is an increasing demand for the premium mezcal products among millennial consumers. This is owing to the increasing disposable income in developed economies such as North America. The market for high-end premium spirits grew by 5-6% per year by volume from 2019 to 2021 owing to the growing per-capita disposable income of consumers and the persisting growth of the economy, which further boost the market growth in the forecast period. The need for mezcal, a tropical agave plant-based liquor, increased significantly over the past few years and is further expected to grow further over the forecast period. The rising demand for premium mezcal outlines the growth of the mezcal market. Moreover, it highlights the potential for smaller manufacturers to partner with the larger players to enter new markets, which is anticipated to be an essential step to ensure growth in the mezcal market.
Based on type, the North America mezcal market is segmented into blends and 100% agave.In 2019, the 100% agave mezcal segment dominated the market.
Mezcal is defined as any agave-based liquor. This also includes tequila, which is prepared in specific regions of Mexico and must be made from only blue agave (agave tequilana). 100% Agave mezcal meant that all the fermented sugars which are distilled to become tequila come from the Blue Weber agave plant. It is a pure spirit where the addition of any other ingredient (color, flavor, etc.) Mezcal can be obtained from more than 30 varieties of agave. According to spirits writer Chris Tunstall, the most common varieties of agave utilized for mezcal are tobalá, tobaziche, tepeztate, arroqueño, and espadín, which is the most common agave and accounts for up to 90% of mezcal. The two types of mezcal are made of 100% agave and are mixed with other ingredients, with about 80% agave.
The mezcal market in North America is segmented into the US, Canada, and Mexico.Several mezcal breweries have a strong foothold in the North American region.
Key market players present in the North American mezcal market include EL Silencio Holdings, Inc., Mezcal Vago, Ilegal…