Global Pisco Market Outlook
According to a new report by Expert Market Research titled “Global Pisco Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the global pisco market is projected to grow at a CAGR of 6% between 2024 and 2032. Aided by the reflecting the rising popularity of this traditional spirit, the market is expected to grow significantly by 2032.
Pisco, a type of brandy, is a distilled spirit made from fermented grape juice. Originating from the Andean regions of Peru and Chile, Pisco has a rich cultural history and is integral to the identity of these nations. It’s predominantly used in cocktails, with the Pisco Sour being the most famous.
Pisco’s growth is partly fuelled by a cultural renaissance in its countries of origin. This resurgence, combined with a booming tourism industry, has led to increased international exposure and appreciation for Pisco.
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According to the pisco market analysis, the global shift towards craft and artisanal spirits has benefited Pisco. Consumers, especially in North America and Europe, are increasingly seeking unique, high-quality spirits, which has led to a growing interest in Pisco.
Pisco’s integration into gourmet cuisine, both in its native regions and globally, has elevated its status. Its versatility in pairing with a wide range of flavours has made it a favoured spirit among chefs and mixologists.
The market is dominated by South America, particularly Peru and Chile. However, North America and Europe are accounting for significant portions of the pisco market share, driven by increasing demand for exotic and premium spirits.
Looking ahead, the market is poised for continued growth. The spirit’s unique heritage and distinctive flavour profile, combined with growing global interest in artisanal spirits, are expected to drive market expansion. The resolution of geographical indication disputes and increased marketing efforts can further accelerate the pisco market demand.
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The market represents a dynamic segment within the global spirits industry. Its unique cultural heritage, combined with evolving consumer preferences towards craft spirits, positions it well for future growth. The market’s potential is significant, but realising it will require strategic focus on branding, global awareness, and navigating regulatory challenges.
Global Pisco Market Segmentation
The market can be divided based on type, origin, distribution channel, and region.
Market Breakup by Type
- Puro
- Acholado
- Mosto Verde
- Others
Market Breakup by Origin
- Peruvian
- Chilean
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Speciality Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pisco market. Some of the major players explored in the report by Expert Market Research are as follows:
- PiscoLogía & Topa Spirits
- Caravedo Piscos
- Agroproductos Bauzá y Cía
- Macchu Pisco
- Perola GmbH
- Others
Exploration of Key Inquiries within the Comprehensive Report
What was the recorded size of the global pisco market in 2023?
- The global market size of piscos attained a substantial value exceeding USD 667.72 million in the year 2023.
What is the anticipated growth rate of the global pisco market?
- Forecasts predict a noteworthy Compound Annual Growth Rate (CAGR) of 6% for the pisco market between the years 2024 and 2032.
What is the expected size of the global pisco market by 2032?
- The global market size for piscos is anticipated to surpass USD 1128.10 million by the year 2032.
What factors act as major market drivers?
- Major market drivers include an increasing awareness regarding pisco, improved availability worldwide, and a growing consumption of alcohol.
What are the key trends observed in the market?
- Key market trends encompass the rising popularity of traditional spirits, an increasing demand for exotic drinks, and a shift in consumer preferences.
Who are the key market players in the industry?
- Key market players include PiscoLogía & Topa Spirits, Caravedo Piscos, Agroproductos Bauzá y Cía, Macchu Pisco, Perola GmbH, and others.
What is a pisco?
- Pisco is classified as an alcoholic beverage, akin to brandy, characterized by either a colorless or yellowish-to-amber hue.
How is pisco obtained?
- Pisco is acquired through the distillation of fermented grape juices.
How is the market segmented?
- The global pisco market is segmented based on type, origin, distribution channel, and region, allowing for diverse categorization.
How does pisco differ from tequila?
- In comparison to tequila, pisco is semi-sweet or dry with grape flavor notes, exhibiting herbal and earthy flavors similar to tequila.
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