Mead Beverage Market
Growth Factors of Mead Beverage Market
The mead beverage market size was valued at USD 533.3 million in 2023, and the market is now projected to grow from USD 591.5 million in 2024 to USD 1395.7 million by 2032, exhibiting a CAGR of 11.33% during the forecast period of 2024-2032.
The global demand in mead raised by 10% of the expected value because of COVID-19 The unexpected emergence of COVID-19 led to a change in the global mead beverage market. An increase of 34% in the year 2020 which is lesser than the average growth from the year 2017-2019. This increase in the CAGR is attributed to the market’s downturn and plunge in growth resulted from the outbreak of the pandemic, but as the situation normalized the market got back to the normal growth rate.
Derived from the word ‘mead’ which has a history of 8000 years, this beverage started to commercialize in the last two decades of the twentieth century. One of the important organizations, which have contributed to this revival is known as the Society for Creative Anachronism which was established in 1966. From 1900-1999, as many as 140 meaderies was established all over the world while 135 between the years 2000- 2010. In 2010 there were about 300 new distinctive meaderies and about 150 more are in the pipeline today proving that mead is gradually becoming a lucrative craft as a commercial beverage.
The spirit made from fermented honey containing 8%-20% of alcohol called Mead has approach the curiosity of the NO/LOW Drinks options. The no/low alcohol segment secured a 3% market share in the year with the help of IWSR. As a result of this trend, mead producers are coming up with no/low alcoholic ones. The change has opened doors for the retailers to bring in more mead brands eventually contributing to sustainable growth of the market across the world.
Comprehensive Analysis of Mead Beverage Market
The mead beverage market growth is rising at an exponential rate due to its market segmentation. This market expansion correctly offers a detailed nearby assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by type analysis, and by distribution channel analysis. By type analysis include fruit mead, traditional mead. By distribution channel analysis include offline, online.
The Europe region lead the mead beverage market share by benefitting a market size of USD 222.25 million in 2023 due to advanced industrial infrastructure.
The top players in the markets have a central responsibility in the food & beverages industry to be sure of industrial prospectus development and to establish the market norms. These players include, Tallgrass Mead, Moonlight Meadery, Nektarmeadery, Bunratty, Charm City Meadworks, PasiekaJaros, Redstone Meadery, Schramm's Mead, Superstition Meadery, Meadery of the Rockies these market players provide a level-playing competitive landscape.
In March 2024, Cerana Meads, a leading Indian mead brand, opened a new taproom featuring a diverse selection of meads, including flavors like blue pea lavender, Chenin blanc, and pomegranate vanilla.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 11.33% from 2024 to 2032
Unit Value (USD Million)
Segmentation By Type
- Fruit Mead
- Traditional Mead
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Sales Channels
- Others
By Geography
- North America (By Type, By Distribution Channel, and Country)
- U.S. (By Distribution Channel)
- Canada (By Distribution Channel)
- Mexico (By Distribution Channel)
- Europe (By Type, By Distribution Channel, and Country)
- France (By Distribution Channel)
- Spain (By Distribution Channel)
- U.K. (By Distribution Channel)
- Italy (By Distribution Channel)
- Germany (By Distribution Channel)
- Rest of Europe (By Distribution Channel)
- Asia Pacific (By Type, By Distribution Channel, and Country)
- China (By Distribution Channel
- India (By Distribution Channel)
- Japan (By Distribution Channel)
- Australia (By Distribution Channel)
- Rest of Asia Pacific (By Distribution Channel)
- South America (By Type, By Distribution Channel, and Country)
- Argentina (By Distribution Channel)
- Brazil (By Distribution Channel)
- Rest of South America (By Distribution Channel)
- Middle East and Africa (By Type, By Distribution Channel, and Country)
- UAE (By Distribution Channel)
- South Africa (By Distribution Channel)
- Rest of Middle East & Africa (By Distribution Channel)
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