Press Release
Press Release
The global interest in craft spirits is driving significant growth in the pisco market. Consumers are increasingly attracted to spirits with rich histories and cultural significance, such as pisco. The traditional production methods and artisanal qualities of pisco appeal to those seeking premium, handcrafted beverages.
Rising consumer demand for new and exotic flavours for pisco is driving the market. As one of the oldest alcoholic beverages, pisco’s unique taste and historical value enhance its appeal. This is especially true among modern consumers, particularly millennials, who favour drinking less but choosing higher-quality, distinctive spirits.
Increasing global consumption of alcohol and alcoholic beverages both in developed and developing economies has been aiding the market. According to the National Survey on Drug Use and Health (2022), in the USA, over 84.10% of the population above the age of 18 have consumed alcohol at some point of time in their life.
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The demand for craft spirits such as brandy and whiskey has also positively impacted the market. The expert craft distillation and innovative drink preparation associated with these spirits have increased their popularity. Pisco, produced using traditional techniques, offers an authentic and culturally rich experience that many consumers find appealing. The perception of small-batch spirits as more exclusive and of higher quality further enhances Pisco's allure.
As people travel more and seek to recreate cultural experiences at home, the demand for exotic spirits like pisco continues to rise, contributing to the market’s expansion. Moreover, craft spirit brands, including pisco producers, are effectively utilizing online platforms to build brand narratives. This resonates with modern consumers' preferences. For instance, in July 2024, SUYO, a Peruvian pisco brand, launched its Exploratory Series. The company’s products are available online and at select retailers.
The major players in the global pisco market are PiscoLogía & Topa Spirits, Caravedo Piscos, Agroproductos Bauzá y Cía, Macchu Pisco, and Perola GmbH, amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Origin |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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