Tequila and Mezcal Market – Forecast (2022 - 2027)
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• Tequila and Mezcal Market size is projected to reach $12.1 billion by 2026, growing at a CAGR of 6.7% over 2021-2026. • Tequila and Mezcal is a type of alcohol that is both obtained by a common plant, known as Agave. The plant has several varieties, each having its characteristic with different saturations of methanol, aldehydes and esters. An interesting fact is that all tequila is mezcal, while not all mezcal is tequila. • It is owed to the fact that blue weber agave gives rise to Tequila, while any preparation from the agave plant is Mezcal. Tequila and Mezcal are both obtained by a rigorous process of fermentation, distillation, and aging. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • North America dominated the tequila and mezcal market in the year 2020, owing to a surge in demand in the beverages industry. The adoption is due to new distilleries coming, providing a whole range of mezcals to chose from. • Increasing preference of the millennial generation for fair trade products will drive the tequila and mezcal market forward. • Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be Tequila and Mezcal market.
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By Distribution Channel- Segment Analysis • By product type, Tequila and Mezcal market share is distributed into two subcategories, where Tequila is bifurcated into- Blanco, Joven, Mixto Gold, Reposado, Anejo, Extra Anejo and Mezcal is bifurcated into- Mezcal Joven, mezcal Anejo, Mezcal Reposado. Of them both, Mezcal Joven had the largest market share of 35.9% in the year 2020. The reason for this demand is accommodated by the fact that the following drink offers a smooth and consistent texture, by also providing a lingering heat. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Tequila and Mezcal Market Industry Outlook • • • • • • • •
Mezcal Vago Pernod Richard Rey Campero Los Danzantas Bacardi Limited El Grado Tequila Jose Cuervo Tequila Arette
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