Consumption of mezcal in Western Europe is estimated to expand at a promising CAGR of 14.2% through 2033. Sales of mezcal in Western Europe are expected to reach a valuation of USD 130.4 million by 2033, up from USD 34.4 million.
Western Europe holds considerable potential for mezcal. The reason is that this exciting category shows great promise for consumers keen to explore Mexican spirits. Key players are preparing for a successful year by breaking into international territories.
Growing demand for premium beverages as drinkers are showing an inclination toward ‘drink better’ beverage choices is also enhancing sales of mezcal. Moreover, rising popularity of agave spirits among individuals in Western Europe is also supplementing sales for mezcal. To enjoy higher revenues, players are partnering with local distributors to increase their visibility among potential customers.
Attributes | Details |
---|---|
Industry Size of Mezcal in Western Europe in 2023 | USD 34.4 million |
Expected Industry Size of Mezcal in Western Europe by 2033 | USD 130.4 million |
Forecast CAGR between 2023 to 2033 | 14.2% |
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Leading Product Type | Mezcal Joven |
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Value Share % (2023) | 81.3% |
Latest estimates indicate that mezcal joven is expected to acquire 81.3% of the industry share in 2023. Consumers in Western Europe are displaying a strong preference for the taste of agave, which is retained in mezcal joven. The rising consumer interest in artisanal spirits and craft cocktails is also contributing to its popularity in the region. Another crucial factor contributing to category expansion is its affordability compared to other mezcal varieties like mezcal añejo and reposado, making it an accessible choice for consumers.
Leading Concentrate Segment | 100% Tequila |
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Value Share % (2023) | 56.6% |
100% tequila is set to obtain a 56.6% hold over the regional industry in 2023. The rising party culture is supporting the consumption of tequila shots in Western Europe. Tequila enjoys massive popularity among the bar-going crowd, and 100% tequila, in particular, is being heavily consumed due to the rising preference for pure tequila among drinkers.
Country | United Kingdom |
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Forecast CAGR % (2023 to 2033) | 14.5% |
The United Kingdom is anticipated to register a 14.5% CAGR through 2033. The country is projected to experience higher sales of mezcal in upcoming years due to:
Country | Germany |
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Forecast CAGR % (2023 to 2033) | 12.9% |
As per the latest estimates, the mezcal industry in Germany is projected to expand at a 12.9% CAGR through 2033, indicating increased acceptance of this alcoholic beverage. Top factors contributing to the rising demand for mezcal in Germany are as follows:
Country | France |
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Forecast CAGR % (2023 to 2033) | 13.7% |
Recent research by our analysts assessed the consumption of mezcal in France to rise at a CAGR of 13.7% through 2033. Key forces shaping the mezcal industry in France are as follows:
Country | The Netherlands |
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Forecast CAGR % (2023 to 2033) | 17.6% |
Based on CAGR, the Netherlands is anticipated to top the chart with a 17.6% CAGR throughout the forecast period. The following factors are anticipated to shoot up the consumption of mezcal in the Netherlands:
Country | Italy |
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Forecast CAGR % (2023 to 2033) | 15.5% |
Italy is anticipated to register a CAGR of 15.5% through 2033. The leading factors that are pushing the sales of mezcal are:
Key suppliers of mezcal in Western Europe are investing in advertising and marketing to boost its uptake among consumers. Additionally, mergers and acquisitions are also top strategies to gain more share of the regional industry. Manufacturers are projected to continue experimenting with tastes and flavors to attract more customers with their innovations.
Key Developments Shaping the Mezcal Industry in Western Europe
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 34.4 million |
Projected Industry Size by 2033 | USD 130.4 million |
Anticipated CAGR between 2023 to 2033 | 14.2% CAGR |
Historical Analysis of Demand for Mezcal in Western Europe | 2018 to 2022 |
Demand Forecast for Mezcal in Western Europe | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Analysis of Key Factors Influencing Mezcal Demand in Western Europe, Insights on Western Europe Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Providers |
Key Companies Profiled for Mezcal in Western Europe | Del Maguey; Charter Brands; Mezcalito; Mezcaleria D.F.; Los Nahuales; Mezcaloteca; Others |
The anticipated CAGR through 2033 is 14.2%.
Demand for mezcal in Western Europe is expected to surpass USD 130.4 million by 2033.
Innovation in the taste profile of mezcal is the default tactic of industry players.
Mezcal joven is extensively consumed by customers in Western Europe.
100% tequila takes a considerable share of the Western Europe mezcal industry.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Joven 5.2. Reposado 5.3. Anejo 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Concentration 6.1. 100% Tequila 6.2. Mixed Tequila 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 7.1. UK 7.2. Germany 7.3. Italy 7.4. France 7.5. Spain 7.6. Rest of Western Europe 8. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 9. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 11. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. Market Structure Analysis 15. Competition Analysis 15.1. Bacardi Limited 15.2. Familia Camarena Tequila 15.3. Craft Distiller 15.4. Destileria Tlacolula 15.5. Diageo Plc. 15.6. Don Julio 15.7. Casa Armando S.A. de C.V. 15.8. El Silencio Holdings INC 15.9. Fidencio 15.10. Desolas 15.11. Drink Monday Inc. 16. Assumptions & Acronyms Used 17. Research Methodology
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