Global Mead Beverages Market Overview:
Mead is an alcoholic beverage created by fermenting honey with other ingredients as water, fruits such as spices, grains, or hops. The alcoholic content in the mead ranges from about 8% - 20% and above. The beverage’s fermentable sugar is derived from honey and has a carbonated, or naturally sparkling, dry, semi-sweet, or sweet taste. It is also the oldest fermented beverage known to man with evidence dating to 7000 BC. The fastest-growing craft beverage used among several drinkers coupled with distinct natural flavors is anticipated to propel the market growth. The global mead beverages market was estimated to be around USD 405.9 million in 2019 according to the AMA study.
As per latest study released by AMA Research, the Global Mead Beverages market is expected to see growth rate of 7.64% and may see market size of USD631.01 Million by 2028.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
High Growth Market | North America |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Sales Through Online Mediums
Market Growth Drivers:
Increasing Disposable Income of Consumers and Changing Lifestyle and Increasing Number of Alcoholic Drinkers
Challenges:
Presence of Other Alternatives like Beer & Wine
Restraints:
Increasing Cost of Honey used for the Production of Mead Beverages is hindering the Market Growth
Opportunities:
High Investment in Food & Beverage Industry by the Government
Competitive Landscape:
The Global mead beverages market is characterized by the presence of several players, as the market appears to be fragmented. The mead beverages industry research report offers information about the competitive environment among the players in this market space and offers an analysis of the key companies and their products such as mead beverage. This will lead to the growth of the market.
Some of the key players profiled in the report are Redstone (United Kingdom), Brothers Drake (United States), Medovina (Bulgaria), Schramm's Mead (United States), Nektar (Germany), Kuhnhenn (United States), Schramm's Mead (United States) and Moonshine Meadery (India). The Vendors having a strong hold in the market are Redstone Meadery, B. Nektar Meadery, The Colony Meadery, Medovina, and Enlightenment Wines Meadery. Analyst at AMA Research see United States Vendors to retain maximum share of Global Mead Beverages market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online Sale will boost the Mead Beverages market.
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.
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.
Analyst View
In 2020, the global mead beverage market was estimated to witness a decline of nearly 18% which is expected to regain its growth in 2021.
What Can be Explored with the Mead Beverages Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Mead Beverages Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Mead Beverages
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mead Beverages market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Mead Beverages market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Mead Beverages Manufacturers, Potential Investors, Marketing firms, Industry Associations, Government and Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.