Latin America Mezcal Market Size & Outlook, 2025-2031

Latin America Mezcal Market Size

According to Straits Research analysis, the Latin America Mezcal Market was valued at USD 71.16 Million in 2024 and is projected to reach USD 396.35 Million by 2031, expanding at a CAGR of 27.1% during the forecast period. This growth is driven primarily by the beverage industry's increased demand for Mezcal production, a significant cultural staple in many Latin American countries. Rising consumer preferences for artisanal and organic products also contribute to its consistent market growth. Key drivers behind this growth include the agriculture and chemical industries where Mezcal is being increasingly used. Low-carbon production and high-quality agricultural activities are emerging trends, pushing the market forward. Technological advancements, such as improved distillation processes, also create numerous opportunities. Bolstered by these trends, Latin America continues to position itself as an influential player in the global Mezcal Market by capitalizing on export potential and sustainable practices.