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Pisco Market Trends—What will be the Short-term Impact of COVID-19?

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The increasing consumption of fermented

drinks is expected to contribute towards the global Pisco

market


. Fortune Business Insights has recently announced a report, called”

Pisco Market Size, Share and Global Trend by Origin Type (Peruvian Pisco,

Chilean Pisco), Type (Puro, Aromaticas, Acholado, Mosto verde) and Geography

Forecast till 2026.” The report classifies the global market in various

segments.



In terms of origin, Peruvian Pisco segment

was dominating the market in 2018. The segment is likely to expand at a

promising rate during the forecast period 2019-2025. The spirit is very popular

in the home land. Peruvian Pisco is the third most consumed alcohol drink in

Peru. This is anticipated to increase the rowth rate in the market.



Moreover, the U.S. and Chile are the two

leading nations in Peruvian Pisco consumption. The consumption in these nations

is likely to increase in response to the rising popularity of Peruvian Pisco.

Chilean Pisco segment is anticipated to witness impressive growth. The drink is

very popular in the origin land also the consumption of the drink in very high

in the home land. Moreover, the spirit holds a strong potential for exports. Such

factors are expected to contribute towards the market expansion.



Increasing

Tourism Activities to Propel Growth in Global Market



The Pisco market in Asia Pacific is likely

to expand at a promising CAGR. The increasing tourism trend in asian nations such

as Thailand, India, and Others is likely to contribute towards the market

growth. Additionally, the increasing consumption of Pisco in cocktail drinks,

bars, and restaurant is expected to increase the demand for Pisco.



The U.S. and Europe are highly involved in

exports of Pisco. The consumption of Pisco is also increasing in Peru, owing to

increasing tourism in the nation. This is expected to drive the global Pisco

market over the forecast period.



The boost in the hospitality sector and

increasing growth in the tourism and travel sector are a few factors expected

to drive the global Pisco market. Furthermore, the government of Peru is

initiating a project to build a Pisco-based tourism spot in the country. The

global Pisco market is anticipated to have major gains from the tourism spot

and in response the demand for Pisco would increase.



Lack of availably of Pisco in certain areas

is a factor that may restrain the global market. Besides this, low awareness

about Pisco is a factor expected to hamper the growth over the forecast period.



Japan

Association to Enable Growth in Market



In 2019 the Japan Pisco Association was

established. The association is established to promote and raise awareness

about the drink in the nation by adopting innovative strategies. This is expected

to increase the growth in the global market.



The global Pisco market is expanding at a

promising CAGR. Key players in the market are focusing on product development

to gain higher share in the market. Some players are also involved in mergers

and acquisitions. Some of the key companies operating in the global Pisco

market are Pisco Portón, Macchu Pisco, Barton Solvents, Inc., and La Diablada

Pisco.



Gain

More Insights into the Pisco Market Research Report



https://www.fortunebusinessinsights.com/industry-reports/pisco-market-100203