With a CAGR of 18.71%, the mead drinks market size is expected to
Pune, India, July 18. 2022 (GLOBE NEWSWIRE) — The world mead drink market The market size was USD 432.4 million in 2020. The market size is expected to grow from USD 487.9 million in 2021 to USD 1,621.0 million by 2028 at a CAGR of 18.71% during the forecast period 2021-2028. Fortune Business Insight™ publish this information in a report entitled, “Mead Drinks Market, 2021-2028”. According to the report, the global market is expected to increase over the projected period, owing to the growing development of meads in the world.
Mead is a fermented drink that acquires flavors of fruits, spices, cereals or hops. Mead is considered a healthier drink than wine and beer. The alcohol content is relatively less in mead. The growing demand for soft drinks is expected to drive the market growth over the forecast period. The development of meads in segmented regions is expected to increase the rate of production and consumption of these beverages.
Impact of COVID-19:
Restaurant restrictions have hampered market growth during the pandemic
The COVID-19 virus outbreak has affected the market growth across various industries. The food and beverage industry suffered a slight impact due to a limited supply of materials and production due to a limited workforce. Strict restrictions imposed by governments on import/export policies and social distancing norms have limited market growth during the pandemic. Restaurants and restaurants have been closed for a long time, which has limited product sales and affected the industry’s revenue generation rate.
Get a sample PDF brochure:
List of Key Players Profiled in the Mead Drinks Market Report:
- Tallgrass mead (Canada)
- Moonlight Meadery (USA)
- Nektarmadery (USA)
- Bunratty (Ireland)
- Charm City Meadworks (USA)
- Pasieka Jaros (Poland)
- Redstone Meadery (USA)
- Mead of Schramm (USA)
- Superstition Meadery (USA)
- Meadery of the Rockies (USA)
Report Scope and Segmentation:
|Market size value in 2020||$432.4 million|
|Revenue forecast in 2028||$1621.0 million|
|Rate of growth||CAGR of nearly 18.71% over the period 2021-2028|
|Historical years||2017 – 2019|
|Forecast years||2021- 2028|
|Segments Covered||By type, by distribution channel and by geography|
|Forecast units||Value (USD billion) and volume (units)|
|Quantitative units||Revenue in USD Million/Billion and CAGR from 2021 to 2028|
|Regions covered||North America, Europe, Asia-Pacific, South America, Middle East and Africa, and Rest of the World|
|Countries covered||United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others|
|Number of companies covered||Tallgrass Mead (Canada), Moonlight Meadery (USA), Nektarmeadery (USA), Bunratty (Ireland), Charm City Meadworks (USA), PasiekaJaros (Poland), Redstone Meadery (USA), Schramm’s Mead (US), Superstition Meadery (US), Rocky Mountain Meadery (US)|
|Report cover||Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments & Region, Market Share Analysis business and analysis of the impact of COVID-19.|
|Scope of customization||Take advantage of personalized purchasing options to meet your exact research needs.|
The report shares comprehensive information and statistical data on market development and industry trends. Further, drivers and restraints affecting the development of the market are highlighted further in this report. The impact of the COVID-19 pandemic on market expansion and business globalization is further developed. The business strategies adopted by the major key market players are discussed along with the competitive environment globally.
Fruit mead dominates the market due to the authenticity of flavors
By type, the market is split into fruit mead and traditional mead.
Based on distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online sales channels and others.
By region, the market is classified into North America, Europe, Asia-Pacific, South America, Middle East & Africa.
Browse Detailed Abstract of Research Report with TOC:
Drivers and constraints:
Expand Meaderies globally to drive market growth
The market is expected to increase over the projected period, owing to the growing trend of low or no alcohol consumption. Also, the development of meads in the segmented regions is expected to drive the market growth. Additionally, consumers tend to gravitate toward wine, and avoiding alcoholic beverages is expected to drive growth. These factors are expected to ensure the growth of the mead-based beverages market in the coming years.
However, the high cost of mead production might hamper the market growth over the projected period.
Europe holds the highest position due to strong demand in developing countries
Europe is expected to dominate the global mead beverage market share over the forecast period, owing to the growing demand for wine and low-alcohol beverages. The region stood at USD 183.56 million in 2020 due to the growing development of meads in the region.
North America holds the second largest market share globally owing to the presence of key industry players. Innovation and high export rate of beverages are expected to drive the market in the coming years.
Strategic alliances allow key players to expand their business globally
The major market players are implementing various business development strategies such as partnerships, mergers, acquisitions, and forming alliances. These strategies allow companies to expand their market reach. In addition, innovation management ensures the enrichment of the company’s product portfolio.
Find out before you buy this report:
Detailed Table of Contents:
- Search scope
- Market segmentation
- Research Methodology
- Definitions and assumptions
- Market dynamics
- Market factors
- Market constraints
- Market opportunities
- Emerging trends
- key ideas
- Overview of parent/related markets
- Industry SWOT Analysis
- Supply chain analysis
- Recent Industry Developments – Policies, Partnerships and Mergers & Acquisitions
- Qualitative analysis related to COVID-19
- Impact of COVID-19 on the market
- Supply chain challenges during a pandemic
- Potential opportunities due to this global crisis
- Global Mead Drinks Market Analysis, Outlook and Forecast, 2017 – 2028
- Main results/summary
- Market size estimates and forecasts
- By type
- Fruit meads
- Traditional mead
- By distribution channel
- Specialty stores
- Online sales channels
- By region
- North America
- Asia Pacific
- South America
- Middle East and Africa
- By type
Talk to our expert:
Key Industry Developments:
- July 2021: Second City Meadery has opened the Albany Park Tasting Room for customers. Second City Meadery is its second mead tasting room and the only mead on the North Side. The tasting room includes a bar with eight stools, three high tables and two long tables with bar stools. It has board games and is pet and family friendly.
- May 2020: Moonshine, India’s first mead brand, has launched salty kokum mead. It is a fruit mead made from Kokum, a small fruit mainly grown in the Western Ghats of Maharashtra.
Read related information:
beer market Size, share, growth | Global industry trends 
Craft wine market Size and Sharing | Industry forecasts [2020-2027]
soft drinks market Size, Share | Industry Analysis 
Fortune Business Insight™ provides accurate data and innovative business analysis, helping organizations of all sizes make the right decisions. We tailor innovative solutions to our clients, helping them address a variety of challenges unique to their businesses. Our goal is to provide them with global market intelligence, providing them with a granular overview of the market in which they operate.
Fortune Business Insights Pvt. ltd.
9th Floor, Icon Tower, Baner –
Mahalunge Street, Baner, Pune-411045,
USA: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
E-mail: [email protected]
LinkedIn Facebook Twitter