Global Mead Beverages Market is Segmented By Type (Sparkling Mead, Traditional Mead, Herbs Mead, Others), By Distribution Channel (Supermarkets/Hypermarkets, Online Sales, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Mead Beverages Market Size
The Global Mead Beverages Market USD 456.4 million in 2022 and is projected to witness lucrative growth by reaching up to USD 1,475.8 million by 2030. The market is growing at a CAGR of 15.8% during the forecast period 2024-2031. Mead is generally prepared by fermenting water and honey, and is sometimes added with flavors and spices giving a sweet and strong aroma.
Mead is one of the oldest alcoholic drinks. Alcoholic beverages prepared from honey were general among the ancients of Scandinavia, Greece, Teutonic Europe and Gaul. In the Middle Ages, specifically in northern nations, where grapevines do not flourish, the alcohol content of mead beverages ranged from 3.5% to 18%.
Market Summary
| Metrics | Details |
| CAGR | 15.8% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value () |
| Segments Covered | Type, Distribution Channel, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia Pacific |
| Largest Region | Europe |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The Rising Health Benefits Linked With Honey are Spurring the Growth of the Mead Beverages Market
The benefits of mead are thought to come from its honey content. This traditional alcoholic beverage, also called honey wine, is usually consumed for its sweet taste. The growing inclination of customers over wider options of flavored alcoholic beverages is also estimated to drive the mead beverages market over the forecast period.
According to the National Honey Board, honey contains antioxidants that can help to reduce the risk of certain types of cancer and heart disease. In addition, honey has antibacterial and anti-inflammatory properties that can help to support immune system function and overall health.
The High Production Cost of Mead is Acting as a Hindrance to the Mead Beverages Market Growth.
Honey is a primary ingredient in mead production and the cost of honey can vary significantly depending on factors such as the type of honey, the location of the beekeepers
and the time of year. According to data from the United States Department of Agriculture (USDA), the average price of honey in the US was $2.23 per pound in 2020, up from $1.94 per pound in 2019.
According to the National Honey Board, the cost of honey can vary significantly depending on factors such as the type of honey, the location of the beekeepers, and the demand for honey.
Market Segment Analysis
The global mead beverages market is segmented based on type, distribution channel and region.
By Distribution Channel, the Supermarket Segment Dominates the Global Mead Beverages Market
The supermarket segment is expected to be the dominating source segment owing to the supermarkets progressively utilizing blockchain technology for tracking product details including transportation modes, manufacturing location and source.
Blockchain technology is referred to as a data structure that keeps records of transactional and ensures transparency, decentralization and security. owing to growing consciousness regarding healthy eating, consumers are actively searching for food production methods and origins to know the complete food supply chain.
Market Geographical Share
Europe is Dominating the Mead Beverages Market during the Forecast Period
Europe dominated the global mead beverages market in 2022 and is anticipated to be the dominating regional market during the forecast period, owing to a significant rise in the consumption of alcohol and non-alcoholic beverages in the region.
The regulatory environment in Europe is favorable for mead production, as the European Union has established rules and regulations for mead production that help ensure quality and safety. This has allowed European meaderies to produce high-quality mead that is popular both domestically and internationally.
Mead Beverages Market Companies
The major global players include Sap House Meadery, Makana Meadery, Moonlight Meadery, Schramm's Mead, Tallgrass Mead, Medovina, Cornish Mead Co., Spirit Hills, Redstone Meadery and Wild Blossom Meadery.
COVID-19 Impact on Market
The global beverage industry has been negatively impacted by the onset of COVID-19 and the outlook is volatile, according to a leading player United Breweries. Alcohol use, especially heavy use, weakens the immune system and reduces its ability to cope with infectious diseases, including COVID-19.
Heavy alcohol use is a risk factor for acute respiratory distress syndrome (ARDS), one of the most severe complications of COVID-19. Hence, people started preferring healthy drinks rather than alcoholic beverages.
Russia-Ukraine War Impact
One potential factor is the disruption of trade and supply chains due to the conflict. If trade between Russia and Ukraine is impacted, it could lead to a decrease in the availability of mead from these countries, which could impact the overall supply of mead in the market.
Another factor to consider is the potential impact on consumer demand. If the conflict leads to a decrease in consumer confidence or changes in consumer behavior, it could impact the demand for mead and other alcoholic beverages.
Key Developments
- In July 2022, Reckitt, a British consumer goods MNC is proud to provide the largest delivery of infant formula to the United States on three UPS flights from our world-class facility in Tuas, Singapore, facilitated by the White House's Operation Fly Formula initiative.
- In December 2022, Fresh Del Monte, a producer of high-quality fresh-cut fruits and vegetables company has launched a range of energy drinks in collaboration with Scotland-based beverage manufacturer, Old Tom Gin.
Why Purchase the Report?
- To visualize the global mead beverages market segmentation based on type and distribution channel to understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous mead beverages market-level data points all for segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The Global Mead Beverages Market Report Would Provide Approximately 53 Tables, 48 Figures and 102 Pages.
Target Audience 2024
- Manufacturers / Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
