In 2017, The American Mead Makers Association found that throughout 18 months new meaderies were opening every three days in the United States. The United States had 30 commercial meaderies in 2003 and the number increased to 300 in 2016 and it is estimated to increase over the years.
The article cited AMA's "Global Mead Beverages Market Study" explored substantial growth in Europe and CAGR of 7.64%. According to the report, Increasing Sales Through Online Mediums is one of the primary growth factors for the market. Increasing Disposable Income of Consumers and Changing Lifestyle
is also expected to contribute significantly to the Mead Beverages market. Overall, Commercial
applications of Mead Beverages, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Online Sale, is boosting the Mead Beverages market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Mead Beverages market identified that the demand is rising in many different parts of the world as "High Investment in Food & Beverage Industry by the Government". Furthermore, some recent industry insights like "September 2018, Moonshine Meadery, which claims to be Asia’s first dedicated mead-maker, has raised an undisclosed amount in its seed round of funding from a bunch of wealthy individuals. and The company said in a statement it will use the capital to increase production capacity of mead beverage and consolidate its presence in Pune and Mumbai." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Mead Beverages market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Mead Beverages market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Mead Beverages market size is calculated using market estimation process, the Mead Beverages market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Mead Beverages market size has been validated using both top-down and bottom-up approaches.