Global Mead Beverages Market - 2023-2030

Global Mead Beverages Market - 2023-2030

Market Overview

The Global Mead Beverages Market size was valued at US$ 456.4 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 1,475.8 million by 2030. The market is growing at a CAGR of 15.8% during the forecast period (2023-2030).

Mead is a different type of alcoholic beverage prepared from honey, yeast, and water. The normal alcohol content range for mead is 3.5% to 18%. Mead frequently undergoes a fermentation process at temperatures akin to those in winemaking. The yeast used in is quite similar to the yeast used in wine production.

Mead's flavor changes according to the fruit and spices added, the yeast used in the fermentation process, and how old it is. There are additional blended meads on the market, such as apple metheglin or cinnamon cider.

Market Dynamics

Growing Consumer Interest in Gluten-free Beverages is Expected to Fuel the Mead Beverages Market

According to a study published in the Journal of Food Science, there is a growing trend of consumers seeking gluten-free products, which include beverages. This trend is driven by a variety of factors, such as an increase in gluten intolerance and celiac disease, as well as a desire for healthier and more natural products.

Mead, a fermented beverage made from honey and water, is naturally gluten-free, which makes it an attractive option for consumers looking for gluten-free beverages. Additionally, mead has a unique and complex flavor profile that sets it apart from other gluten-free options like cider and wine.

Availability of Alternative Beverages is Holding Back the Mead Beverages Market Growth

Seasonal production can indeed hamper the growth of the mead beverages market by limiting the availability of mead throughout the year. However, it is important to note that not all mead producers have a seasonal production model and the impact of seasonality may vary depending on the region and the production practices of individual producers. For instance, a report by the Brewers Association found that seasonal beers account for a significant portion of craft beer sales in the United States, but that sales tend to drop off sharply outside of their respective seasons.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Russia-Ukraine War Impact

The disruption of supply chains and trade as a result of the conflict is one potential factor. Mead from these nations would become less accessible if trade between Russia and Ukraine is hampered, which might influence the market's overall supply.

The potential effect on consumer demand should also be considered. The conflict may affect the demand for mead and other alcoholic beverages if it causes a drop in consumer confidence or changes in consumer behavior.

Segment Analysis

The global mead beverages market is segmented based on type, distribution channel and region.

The Herbs Segment Holds the Largest Market Share in the Forecast Period

Herbs have been used in mead production for centuries, and they remain a popular ingredient in modern mead-making. Many herbs are believed to have health benefits, and they can also add unique and complex flavors to mead.

Some commonly used herbs in mead-making include lavender, chamomile, mint and sage. Herbs can be used to create a wide range of mead styles, from sweet and floral to spicy and savory. This allows mead producers to appeal to a diverse range of consumer tastes and preferences.

Geographical Analysis

Asia Pacific is the Fastest-growing Market in the Mead Beverages Market

The Asia Pacific region has a long history of mead production, with mead being a traditional drink in countries such as China and Mongolia. In recent years, there has been renewed interest in mead in the region, driven in part by the growth of the craft beverage industry.

Moreover, there is another factor that also contributes to the growth of the mead market in the Asia Pacific is the region's large and growing population. With over 4.6 billion people, the Asia Pacific region represents a significant market opportunity for mead producers.

Competitive Landscape

The major global players include Sap House Meadery, Makana Meadery, Moonlight Meadery, Schramm's Mead, Tallgrass Mead, Medovina, Cornish Mead Co., Spirit Hills, Redstone Meadery and Wild Blossom Meadery.

Why Purchase the Report?
• To visualize the global mead beverages market segmentation based on type and distribution channel to understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of mead beverages market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Mead Beverages Market Report Would Provide Approximately 53 Tables, 48 Figures and 200 Pages.

Target Audience 2023
• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies