Global Mead Market

Mead Market Size, Share, Growth Analysis, By Product(Herbs, Spices, Flavours), By Distribution Channel(On-Trade, Off-Trade), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30E2035 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 75

Mead Market Regional Insights

Geographically, Europe makes up the largest portion of the global mead market due to the increasing popularity and market penetration of wines there. The main contributors are nations like the United Kingdom, Italy, and France. Furthermore, after China, the European Union is thought to be the second-largest producer of honey. The region of North America will have the fastest growth rate due to rising consumption of protein-rich, clean-label food products, rising interest in Italian cuisine, an expanding population, escalating lifestyle changes, and rising personal disposable income. Due to the enormous popularity and significant consumption of plant-based meals in the region. By 2028, the Asia-Pacific region's growth rate in the global market is also predicted to increase. As honey wine becomes more widely available, more manufacturing enterprises set up shop in the area, and more people start drinking alcohol, the demand for mead is expected to increase over the forecast period.

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FAQs

Mead Market size was valued at USD 230.3 million in 2019 and is poised to grow from USD 392.4 million in 2023 to USD 596.6 million by 2031, growing at a CAGR of 8.4% in the forecast period (2024-2031).

The Mead market is consolidated. To drive sales and boost revenue, honey wine producers are concentrating on connecting with the consumer base in untapped markets. The businesses are concentrating on growing and producing their premium goods in the local areas, which results in a comparatively reduced cost of goods. 'Moonlight Meadery', 'Nektarmeadery', 'Redstone Meadery', 'Schramm's Mead', 'Superstition Meadery', 'Charm City Meadworks', 'Medovina Meadery', 'Wild Blossom Meadery & Winery', 'The Colony Meadery', 'Rabbit's Foot Meadery', 'Black Heath Meadery', 'Sky River Mead', 'Dansk Mjod', 'Kuhnhenn Brewing Co.', 'Nectar Creek', 'Prairie Rose Meadery', 'Melovino Meadery', 'Dutch Gold Honey', 'Earle Estates Meadery', 'Hidden Legend Winery'

The wine category is significantly impacted by changing customer behavior that helps mead market thrive. Taste, Flavours, preferences, packaging, and technology are just a few of the elements that have a big impact on how consumers are shifting toward wine. The way wine is promoted around the world is evolving as a result of this ongoing consumer shift.

There are several different types of mead present in the market, including melomel, braggot, hydromel, payment, and cyser. By altering the honey-water ratio in these, the volume of alcohol and residual sugar can be managed. Honey wine produced with dark honey is an alcoholic beverage rich in antioxidants that aid in detoxification.

Geographically, Europe makes up the largest portion of the mead market due to the increasing popularity and market penetration of wines there. The main contributors are nations like the United Kingdom, Italy, and France. Furthermore, after China, the European Union is thought to be the second-largest producer of honey. The region of North America will have the fastest growth rate due to rising consumption of protein-rich, clean-label food products, rising interest in Italian cuisine, an expanding population, escalating lifestyle changes, and rising personal disposable income. Due to the enormous popularity and significant consumption of plant-based meals in the region. By 2028, the Asia-Pacific region's growth rate in the market is also predicted to increase. As honey wine becomes more widely available, more manufacturing enterprises set up shop in the area, and more people start drinking alcohol, the demand for mead is expected to increase over the forecast period.

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Global Mead Market

Report ID: SQMIG30E2035

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