Global Whiskey Market is anticipated to witness an exponential growth in the forecast period. Whiskey is a type of distilled alcoholic beverage made from fermented grain mash. Factors such as increasing demand for premium whiskey, growing affordability of whiskey, consumption habits of whiskey, changing lifestyles, high disposable income, new product launches, and technological innovations are likely to drive the whiskey market in the forthcoming period.
On the other hand, legal regulations by the governments, heavy taxation, health issues associated to whiskey consumption, heavy taxation, increasing struggle from other alcoholic beverages, a growing number of consumers selecting substitutes such as beer and wine are anticipated to hinder the market growth in future. However, the presence of foremost whiskey manufacturing companies is likely to create lucrative opportunities for the market.
Whiskey market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Market could be explored by type, quality type, product type, application, and geography. Market could be explored by type as wheat, malt, rye, blended, corn, and others. The “Blended” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factor that could be attributed to the growth of the market includes increasing demand.
Full Research Report On Global Whiskey Market Analysis available at: https://www.millioninsights.com/industry-reports/whiskey-market
Based on the quality type, the whiskey market could span premium whiskey, high-end premium whiskey, and super premium whiskey. The “Premium Whiskey” segment accounted for a prominent share in the market. The key factor that could be attributed to the growth of the market include has the major share of the market by quality, increasing expenditure and high demand from the consumer.
The whiskey market could be explored based on the product as Canadian whiskey, Irish whiskey, Scotch whiskey, and American whiskey. The “Scotch Whiskey” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key applications that could be explored in the market include Liquor Stores, Bars & Restaurant, Supermarkets, Online Stores and Mini Markets.
Europe is a leading region in the market. It is likely to maintain its dominance in the forecast period. Italy, Germany, France, and Spain are the foremost countries for whiskey consumption and production in this region. Europe is also the major consumer and producer of whiskey. Europe is followed by North American and Asia-Pacific region. The US only consumed the maximum whiskey per person.
In addition, the Asia-Pacific is the fastest growing market for whiskey consumption and production owing to a high acceptance rate of lifestyle and western culture, high demand, increasing expenditure, large population, and the rising middle-class households. India, Japan, and China are the highest consumers in the region.
Leading Key players operating in the whiskey market include Brown-Forman, Beam Suntory, Gruppo Campari, Diageo, Alexandrion Group Romania, Heaven Hill, Barrel House Distilling, Alltech Lexington Brewing and Distilling, Boundary Oak Distillery, Boone County Distilling, Michter's Distillery, Kirin Brewery, Willett Distillery, and Sazerac. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/whiskey-market/request-sample
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Whiskey in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Whiskey market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Beam Suntory
• Brown-Forman
• Diageo
• Gruppo Campari
• Heaven Hill
• Alexandrion Grup Romania
• Alltech Lexington Brewing and Distilling
• Barrel House Distilling
• Boone County Distilling
• Boundary Oak Distillery
• Kirin Brewery
• Michter's Distillery
• Sazerac
• Willett Distillery
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/beverage
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Scotch whisky
• American Whisky
• Irish Whiskey
• Canadian Whisky
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Whiskey for each application, including
• Bars & Resturant
• Liquor Stores
• Supermarkets
• Mini Markets
• Online Stores
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
For More Information: www.millioninsights.com
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email:Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/whiskey-market
