#Agave Spirits Market Global Agave Spirits Market Agave Spirits Market 2022 Agave Spirits Industry Agave Spirits Applications United States A

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Wine Market is poised to reach USD 456.76 billion by 2028

The Wine Market, a captivating tapestry of flavors and traditions, stands as a global beacon in the world of beverages. As we uncork the intricacies of this market, we also explore the nuanced realms of the RUM, Tequila, Whiskey, and Sparkling Red Wine markets, each contributing its distinctive notes to the symphony of alcoholic beverages. The global Wine Market was valued at $339.53 billion in 2020 and is expected to reach $456.76 billion by 2028. This translates to a CAGR of 4.30%, indicating a steady and promising growth trajectory fueled by several factors:

Rising Disposable Incomes: Increased spending power translates to greater exploration of premium wines and diverse varieties.

Millennial and Gen Z Appeal: Younger generations are embracing wine, drawn to its social appeal, cultural associations, and diverse flavor profiles.

Evolving Palates: Consumers are venturing beyond traditional favorites, seeking unique grape varietals, blends, and regional specialties.

Growing Awareness of Health Benefits: Moderate wine consumption, particularly red wine, is associated with potential health benefits, further driving market growth.

1. RUM Market: Caribbean Spirit and Global Appeal:-

The RUM Market, born from the sugarcane fields of the Caribbean, has evolved into a global sensation. With its roots deeply embedded in tropical landscapes, RUM captivates enthusiasts with a spectrum of flavors, from light and crisp to dark and complex. Rum market size was estimated at USD 11.77 billion in 2022 and is expected to reach USD 12.32 billion in 2023.

2. Tequila Market: From Agave Fields to Global Palates:-

The Tequila Market, synonymous with the arid landscapes of Mexico, has transcended its regional origins to become a global favorite. Distilled from the blue agave plant, Tequila showcases a spectrum of expressions, from silver to añejo. Tequila market size was valued at USD 5636.87 million in 2022 and is expected to expand at a CAGR of 5.89% during the forecast period, reaching USD 7944.53 million by 2028.

3. Whiskey Market: A Symphony of Barley and Barrels:-

The Whiskey Market, with its roots in centuries-old distilling traditions, has evolved into a global phenomenon. From the peaty landscapes of Islay to the smooth bourbons of Kentucky, whiskey embodies craftsmanship, tradition, and regional character. Whiskey market size was valued at USD 62 billion in 2022 and is projected to reach USD 101.10 billion by 2031, with a CAGR of 5.58% during the forecast period 2023–2031. The consumption of whiskey cannot only be attributed to prestige and honor, but it also has several health benefits.

4. Sparkling Red Wine Market: Effervescence Meets Richness:-

The Sparkling Red Wine Market combines the effervescence of bubbles with the richness of red grapes. This unique segment caters to those seeking a vibrant and celebratory experience, challenging the traditional notions of sparkling wines. Sparkling Red Wine Market size is expected to grow from USD 45300 Million in 2023 to USD 60700 Million by 2030, at a CAGR of 4.30% during the forecast period (2023-2030). The Sparkling Red Wine market is a dynamic and evolving segment of the global wine industry.

Market Dynamics and Consumer Trends:-

The dynamics of these markets are influenced by shifting consumer preferences, sustainability considerations, and the exploration of new taste experiences. While traditional favorites hold their ground, there is a growing appetite for artisanal, craft, and unique expressions.

Challenges and Opportunities:-

Challenges in these markets include climate-related impacts on grape cultivation, evolving regulations, and the need for sustainable practices. Opportunities for growth lie in embracing technological advancements, meeting the rising demand for premium and craft offerings, and adapting to changing consumer tastes.

Conclusion:-

In conclusion, the diverse landscapes of the Wine, RUM, Tequila, Whiskey, and Sparkling Red Wine markets reflect the global tapestry of beverage culture. From the time-honored traditions of winemaking to the adventurous innovations in spirits, each market contributes to the rich and ever-evolving world of alcoholic beverages. As consumers continue to explore, savor, and appreciate the artistry behind every bottle, these markets remain at the forefront of the global beverage renaissance.

[briantwomeydallas]

Restaurant Trends in America for 2023

America’s restaurant industry has endured a number of changes and challenges over the past few years, from a global pandemic to the advent of food delivery apps. As the industry continues to work back to a state of normalcy, there are a number of trends professionals and patrons alike should be on the lookout for in 2023.

First, both business owners and customers will continue to feel the impact of rising costs of living in 2023. As more individuals and families re-prioritize what to do with disposable income, restaurant industry operators must work hard to offer an affordable, overall enjoyable night out. Specific strategies for cutting costs in 2023 may include the use of cost effective, previously overlooked ingredients and cuts of meat and vegetables.

An even greater financial trend impacting restaurants in 2023 comes in the form of a potential recession. Despite 70 percent of business owners forecasting sales increases in 2023 and 52 percent planning expand to expand operations, according to a Bank of America survey, financial experts have noted several indicators of an oncoming recession. These signs include a labor shortage and chronic inflation. That said, analysis suggests it will not be a long or deep recession, meaning restaurant leaders can anticipate easier hires and other small benefits, so long as they have planned effectively.

A trend more specific to the restaurant industry involves the growing popularity of tequila in the United States. Vodka has long ranked as the highest selling spirit in the US, but sales patterns suggest tequila could take that spot as soon as 2023. In 2021 tequila was the second fastest growing product in the industry, trailing only ready-to-drink cocktails, and was second to vodka in total sales volume. Any restaurant that relies on alcohol sales and stays current on the latest trends should make sure they are well stocked with a variety of agave spirits.

Restaurant leaders who have embraced the dynamic role social media can have on marketing should not overlook the increasing influence of TikTok. One study found that 51.8 million TikTok users, just under 40 percent of the user base at the time of the study, had visited or ordered food from a restaurant after seeing it on the app. When isolating potential diners to the Millennial age group, this figure increases to 53 percent of TikTok users. As if this were not a strong enough reason to consider TikTok as a marketing tool, the study also found that TikTok users were more likely to drive further and spend more money on a restaurant they had seen on the app as opposed to another form of advertising.

In terms of fading trends, 2023 may be the year the plant-based bubble bursts. To be clear, plant-based meals and meat alternatives will continue to shape the industry in the future: the 2022 National Restaurant Association show featured a depth of beef, pork, and chicken alternatives. Meanwhile, chain restaurants continue to follow the trend by adding new plant-based item menus. At some point, the plant-based market will hit its saturation point, and newcomers will not enjoy the same return on investment as in the past.

[kritikapatil]

Mescal Market Unidentified Segments – The Biggest Opportunity Of 2022

Latest added Mescal Market research study by AMA Research offers detailed outlook and elaborates market review till 2027. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Destilería Tlacolula (DT) (United States)

Ilegal Mezcal S.A. (United States)

William Grant & Sons (United Kingdom)

El Silencio Holdings (United States)

El Tinieblo (United States)

Puente-Internacional (United States)

Prestige Beverage Group (United States)

Pernod Ricard (France)

Pierde Almas (United States)

Agaves are known for being ecologically and economically important wild species in the food & beverage sector. It is prominently identified as the key raw material for manufacturing distilled alcoholic beverage called Mescal (Mezcal). Mezcal is a distilled alcoholic spirit manufactured from the agave plant, which is native to Mexico. It has a distinctive and smoky flavor. There are approximately 30 varieties of agave plant from which mezcal can be processed and manufactured. Further,

Influencing Trend: Premiumization in the Mescal Industry

Consumer Preferences for Mescal over Tequilla Products Due to Variation of Flavour Used and Agave Used

Challenges: Distribution Challenges Associated with Mescal

Changing Taste Preferences

Opportunities: The Advent of Online Retailing Sector

Launch of New Innovative Products

Rising Cocktail Culture

Market Growth Drivers: Evolving Preferences of their Customers

Growing Demand for Agave Spirits

The Popularity of Agave Based on Alcoholic Beverages

The Global Mescal segments and Market Data Break Down by Type (Mescal Joven, Mescal Reposado, Mescal Anejo), Application (On Trade, Off-Trade), Distribution Channel (Offline Sale, Online Sale)

Presented By

AMA Research & Media LLP

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Mezcal Market Analysis and Industry Growth during the Forecast Period 2023 to 2033

Mezcal is a type of distilled alcoholic beverage made from the agave plant. The mezcal flavour can vary depending on the type of agave used, the region where it was produced, the production methods, and the aging process.

The mezcal business is expanding, and consumers are demanding for more sophisticated varieties and potent products. During the historical period between 2018 and 2022, the global mezcal market was anticipated to develop at a CAGR of around 5.8%, propelled by rising demand for organic and certified products.

By 2023, Future Market Insights (FMI) projects that the global mezcal market will be worth US$ 386.4 million. It will pick up speed at a 14.0% CAGR from 2023 to 2033. Sales of mezcal are probably responsible for a portion of the global food market's demand. The mezcal market is anticipated to reach a valuation of around US$ 1,438.1 million in 2033.

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Increasing demand for expensive mezcal flavor, which necessitates certification before being put on store shelves, would aid the market. Consumers are nowadays purchasing high-end goods at premium rates without worrying about their budgets due to high disposable income. Availability of novel flavors such as grapefruit is also fueling industry expansion.

The beverage is becoming increasingly popular all over the world as more people become aware of its unique flavor and high alcohol level. However, recent modifications to certification standards have strained the market and driven up pricing.

Agave spirits are distilled alcoholic beverages that are made from the agave plant. The agave plant is native to Mexico and is primarily used to produce tequila, mezcal, and other agave-based spirits.

Mezcal manufacturers are required to seek certification before selling their product, per new rules set forward by Mexico's Consejo Regulator of Mezcal (CRM). All mezcal must be made in accordance with conventional techniques and fulfill the Consejo Regulator of Mezcal’s criteria for quality assurance.

With technological advancements, extracts and spirits can be produced sustainably. Businesses are developing new goods and technology to reduce the costs of production and extraction. Businesses can also enhance product traceability by utilizing cutting-edge technology. This technology can significantly improve the efficacy and efficiency of supply chains, particularly in industries such as the food & beverage sector.

Key Takeaways from the Mezcal Report:

India mezcal market is set to expand at a CAGR of 14% in Asia Pacific during the forecast period.

By concentrate, the 100% tequila segment is estimated to generate a share of around 56% in the global mezcal market by 2033.

Based on sales channel, the hotel/restaurant/café (HORECA) segment is projected to hold a share of around 61% in the global market by 2033.

The USA mezcal market is likely to hold a dominant share of 45.0% in 2023.

The United Kingdom mezcal market is projected to create an absolute dollar opportunity of US$ 10.4 million in 2033.

“Demand for mezcal is anticipated to be fueled by a tendency to promote premium beverages such as craft beer, cold-pressed juice, and smoothies made with natural ingredients. Another important factor that is set to boost sales is the growing trend for uncommon and exotic beverages consumption,” says a lead analyst at Future Market Insights.

Competition Landscape: Mezcal Market

A few significant players in the global mezcal flavor market are Diageo Plc, Don Julio S.A.de, Bacardi Limited, Familia Camarena Tequila Craft Distiller, EI Silencio Holdings INC, and Fidencio Mezcalare. Reputable businesses are concentrating on new product development and mergers & acquisitions to broaden their product lines and improve their positions.

For instance,

In September 2021, Rogue One, Inc., a nutritional supplement products company, re-launched its unique Fervor flagship brand of mezcal in the USA. It is a 100% premium mezcal that is produced by Master Mezcalero Don Zosimo Mendez.

Get More Valuable Insights into Mezcal Market

In its latest offering, Future Market Insights offers a thorough study of the mezcal market, covering historical demand data (2018 to 2022) and forecast data from 2023 to 2033.

The study provides compelling insights into the global mezcal market ingredient product type (joven, reposado, anejo), concentrate (100% tequila, mixed tequila), sales channel (hotel/restaurant/café, specialty stores, modern trade, online retailers), and region.

View Full Report@ https://www.futuremarketinsights.com/reports/mezcal-market

Key Segments

By Product Type:

Joven

Reposado

Anejo

By Concentrate:

100% Tequila

Mixed Tequila

By Sales Channel:

Hotel/Restaurant/Café (HORECA)

Speciality Stores

Modern Trade

Online Retailers

Other Sales Channels

By Region:

North America

Latin America

Europe

South Asia

East Asia

Oceania

Middle East and Africa

About the Food & Beverage Division at Future Market Insights Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Agave Spirits Market Size 2022, Share, Growth, Types, Applications & Forecast to 2030

The Agave Spirits market report is the most important research for who look for complete information on Agave Spirits markets. The report covers all information on the global and regional markets including old and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendors’ information. The report also provides a complete overview of Agave Spirits markets; including Top Players or vendors, application, Type, Share, and latest market trends.

In-depth market analysis is combined with accurate forecasts and projections in this Agave Spirits market report, resulting in comprehensive research solutions that provide absolute industry clarity for strategic decision-making. Raw market data is collected and analyzed on a wide scale. Data is also gathered from a number of publications in our archive, as well as a number of well-known paid databases. The data in this Agave Spirits market report was gathered from raw material suppliers, dealers, and customers in order to obtain a comprehensive understanding of the industry; therefore, this report is extremely useful to the buyer.

Agave Spirits Market: Segmentation

Agave Spirits market is split by Type and by Application for the period 2021-2028, the growth among segments provides accurate artifices and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Major Players in Agave Spirits market are: Centinela Don Julio Aha Toro Herradura Familia Camarena Tequila El Agave Artesanal Margaritaville Cabo Tequila 4 Copas Tequila Cuervo La Rojena (Jose Cuervo) Tequila Arette 1921 Tequila Cazadores Juarez Milagro Cascahuin Distillery Corzo Dos Lunas Tequila Olmeca Sauza Avion Tequila Clase Azul Buen Amigo Don Eduardo 1800 Tequila El Jimador Family Zarco Agave Dos Mil Compania Tequilera De Arandas Campo Azul Patron Hacienda La Capilla Most important types of Agave Spirits products covered in this report are: Gold Agave Spirits Silver Agave Spirits 100% Traditional Agave Spirits Aged Agave Spirits Other Most widely used downstream fields of Agave Spirits market covered in this report are: Corporate Hospitality Government Reception Family Dinner Gift Other

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Agave Spirits Market: Regional Analysis

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Agave Spirits market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Major Points Covered in TOC:

Agave Spirits Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, Agave Spirits market portions by application, study goals, and years considered.

Agave Spirits Market Landscape: Here, the opposition in the Worldwide Agave Spirits Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.

Agave Spirits Profiles of Manufacturers: Here, driving players of the worldwide Agave Spirits market are considered dependent on deals region, key items, net edge, income, cost, and creation.

Agave Spirits Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide Agave Spirits Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.

Agave Spirits Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide Agave Spirits Market.

Agave Spirits Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.

Agave Spirits Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.

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Key questions answered in the report:

What will the market development pace of Agave Spirits market?

What are the key factors driving the Global Agave Spirits market?

Who are the key manufacturers in market space?

What are the market openings, market hazard and market outline of the market?

What are sales, revenue, and price analysis of top manufacturers of Agave Spirits market?

Who are the distributors, traders, and dealers of Agave Spirits market?

What are the Agave Spirits market opportunities and threats faced by the vendors in the Global Agave Spirits industries?

What are deals, income, and value examination by types and utilizations of the market?

What are deals, income, and value examination by areas of enterprises?

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[csrgood]

Bacardi Limited Continues to Deliver Upon Corporate Social Responsibility Commitments

Bacardi Limited, the largest privately held spirits company in the world, continued to improve in its social responsibility, people, environmental, operational efficiency and sourcing programs. These accomplishments are featured in the ninth annual Bacardi Limited Corporate Responsibility (CR) Report which reinforces the Company’s strategic business initiatives and core values during the 2016 fiscal year encompassing April 1, 2015, to March 31, 2016.

“Bacardi’s commitment to being corporately responsible extends into every aspect of our business,” said Rick Wilson, senior vice president of Corporate Responsibility for family-owned Bacardi. “From the critical importance of quality ingredients and how we source our materials to the impact we leave on the world around us and the need to reduce alcohol-related harm, we actively strive to fulfill our broader responsibilities to society at large.”

The 2016 CR Report showcases the Bacardi accomplishments in five strategic pillars focusing on where our business impacts society most: 1) Marketplace; 2) Environment; 3) Responsible Sourcing; 4) People; and 5) Philanthropy & Community Investment. Achievements in the Bacardi Limited 2016 CR Report include:

Continued to work with industry members on the Beer, Wine and Spirits Producers’ Commitments to Reduce Harmful Drinking, in line with the World Health Organization’s goal to reduce harmful consumption of alcohol. As part of these Producers’ Commitments, Bacardi achieved 100% compliance with marketing agency contracts in responsible marketing.

Through our work with the International Alliance on Responsible Drinking (IARD) and local Social Aspect Organizations, piloted drunk driving prevention and underage drinking educational campaigns in key markets reaching more than 1.6 million underage individuals through more than 100 programs.

The ambitious “Good Spirited” global environmental sustainability initiative has led the way in our sourcing, packaging and operational efficiency strategies and exceeded many of our 2017 targets, including improvement in water use efficiency by 1.8% over FY15 to 46.4% and a reduction in greenhouse gas emission intensity by 20% to an overall 49% of FY06 baseline (achieved 50% in November 2016).

Achieved 0.59% waste to landfill ratio; on track to achieve Zero Waste to Landfill by 2022 as seven of 29 facilities have already achieved such status.

Reached target of 40% of sugarcane-derived products from sustainably certified sources -- a full twelve months early than our original goal of end of FY17. Of note, we are on track to achieve our 2020 goal of 100% of sugarcane-derived products from sustainably certified sources by the end of 2017.

Achieved 79% of global direct suppliers and 96% of global point of sale suppliers linked to Bacardi through Sedex, a non-profit membership organization dedicated to driving improvements in responsible and ethical business practices in global supply chains.

In FY16, 33% of our senior management roles were held by women, a testament to our Women in Leadership program.

In Safety, we continued the implementation of our Safety First program and reported our lowest ever rate of Total Recordable Incidents with the number of accident-free sites increasing from 14 to 19 out of 30, as we move closer to our vision for an accident-free Bacardi.

Bacardi is committed to the communities in which we live and work. We encourage employees to volunteer their time in programs and activities to support local charitable organizations, and we support the many worthwhile charities in our towns working to better our communities. This past year our employees volunteered more than 9,000 hours in 30 countries.

As part of the “Roar for Life” drunk driving prevention social campaign, our iconic Italian MARTINI® brand donated US$120,000 to support activities to promote local nonprofit organizations in Russia, Poland, Ukraine, and Kazakhstan.

“By living our values every day, we also commit ourselves to contributing to a more sustainable future for all. By caring deeply and passionately about our business and the world around us, we excel in creating brands consumers can trust,” adds Wilson. “Our actions are making an impact as once again Bacardi was named among the most reputable companies in the world by Forbes. An honor we proudly accept.”

To read more about Corporate Responsibility within Bacardi, including how Bacardi is the only major spirits company certified to be operating in accordance with the world’s most recognized management standards for quality (ISO 9001), environment (ISO 14001) and health and safety (OHSAS 18001), visit the Corporate Responsibility section of www.BacardiLimited.com.

About Bacardi Limited Bacardi Limited, the largest privately held spirits company in the world, produces and markets internationally recognized spirits and wines. The Bacardi brand portfolio comprises more than 200 brands and labels, including BACARDÍ® rum, GREY GOOSE® vodka, DEWAR’S® Blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, CAZADORES® 100% blue agave tequila, and other leading and emerging brands.

Founded 155 years ago in Santiago de Cuba on February 4, 1862, family-owned Bacardi manufactures its brands at 29 facilities and sells in more than 160 countries. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited.

Media Contacts: Amy Federman +1.441.294.1110 afederman@bacardi.com

K.C. Kavanagh +1.441.298.1053 kckavanagh@bacardi.com

source: http://www.csrwire.com/press_releases/39691-Bacardi-Limited-Continues-to-Deliver-Upon-Corporate-Social-Responsibility-Commitments?tracking_source=rss