The increasing consumption of fermented
drinks is expected to contribute towards the global Pisco
. 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
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.
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.
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
More Insights into the Pisco Market Research Report