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

Mead Market Driver

• 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.
• In addition to imported wines in the markets, domestic flavored wines are increasingly contributing to the expansion of the global wine business. The market share of domestic wines is steadily rising and accounts for a sizeable portion of the worldwide market. During the projected period, a consumer shift in favour of regional wines and meads is anticipated to boost market expansion.

Mead Market Restraint

• The beekeeping sector is developing quite well, but there are still significant problems to be resolved. Since about the year 2000, the amount of honey produced by each hive has slowly decreased. Extreme weather occurrences linked to climate change are one of the many possible reasons of this. The disappearance of "forage resources" required to provide food for the bees is another plausible and currently more significant reason.
• Mead contains 12-20% of alcohol, consuming it in excess might harm the liver. Excess consumption of mead may  induce diarrhea and diabetes due to presence of sugar content in honey may cause loose stools  issues, and may elevate glycated hemoglobin levels other and cause other side effects, this falls as a restraint opposing market growth.  Therefore, it is suggested to consume it in moderation to get the benefits