VALLEY COTTAGE, New York , Aug. 21, 2018 (GLOBE NEWSWIRE) -- Over the next five years, sales of Mezcal bottles in the global market will resemble growth identical to their consumption during colonial times where the distilled alcoholic beverage was consumed in great quantities by indigenous people of the Latin American region. Introduced by the Spaniards and made through fermentation of agave juice, Mezcal continues to gain widespread popularity for being a beer-like beverage that tastes like Tequila.
A new market study developed by Future Market Insights anticipates that by the end of 2022, over US$ 840 Mn worth of Mezcal will be consumed across the globe. On account of several factors fuelling the presence of Mezcal in various drinking cultures, the global Mezcal market is poised to expand vigorously at a CAGR of 17.8% during the forecast period, 2017-2022. The report anticipates that increasing demand for beverages that improve digestion and blood sugar regulation, coupled with growing preference towards natural and gluten-free products, will drive the growth in global demand for Mezcal in the immediate future.
Mezcal has emerged as a spirit of choice among bibulous consumers in several regions of the world. Many consider it as a healthy alternative to hard liquors such as Tequila. The overall positive attitudes of consumers towards Mezcal are effectively boosting their sales in the turbulent and highly-competitive landscapes of alcoholic beverage markets.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5067
Mezcal with 100% Tequila Concentrate will be Predominant
Despite the changing consumer preferences, the demand for Mezcal with 100% Tequila concentrate will gain traction through 2022. Higher concentration of Tequila in production of Mezcal is being preferred for keeping the drink additive-free, and reducing the risks of hangover. Moreover, buying 100% agave Tequila bottle is likely to cost a lot more than a bottle of Mezcal with 100% concentration of Tequila. In 2017, the global Mezcal market is anticipated to attain more than half of its value from sales of Mezcal with 100% Tequila concentrate. Comparatively, Mezcal consisting mix Tequila concentrates will lose traction in terms of demand, and rake approximately US$ 320 Mn revenues by the end of 2022.
Additional insights from the report:
Request Report TOC @ https://www.futuremarketinsights.com/askus/rep-gb-5067
Agave, the key ingredient in Mezcal, is prominently cultivated in Latin American countries such as Argentina and Mexico. Manufacturers from this region will continue to remain prominent in the competitive landscape of global Mezcal market through 2022. These include companies, namely Ilegal Mezcal, Destileria Tlacolula, El Tinieblo and El Silencio Holdings. Besides these, the report has also profiled companies – Pernod Ricard (PR), Pierde Almas and William Grant & Sons (WGS) as key players in the global Mezcal market.
Browse More: Food and Beverages
More from FMI’s Food and Beverage Market Intelligence:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): + 44 (0) 20 7692 8790
Press Office: Press@futuremarketinsights.com
FMI Blog: http://www.fmiblog.com/