Global Whiskey Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Whiskey Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global whiskey market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global whiskey market report has been segmented on the basis of material, quality, product type, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global whiskey market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
A whiskey is a distillery spirit produced from a mash of fermented grains that utilizes various non-malted or malted grains. There are various types of grains used in whiskey production, among those corn is the most commonly used grain. Similarly, a Scotch whiskey is produced from malted barley, water, and yeast.
Increasing demand for whiskey among young population across the globe is a key factor expected to drive growth of the global whiskey market during the forecast period, owing to increasing use of whiskey with combination of other alcoholic beverages for attractive taste buds.
In addition, rising consumption of whiskey among individuals across the globe is expected to proliferate growth of the global whiskey market, owing to attractive taste of whiskey, changing lifestyle, and increasing disposable income.
Furthermore, increasing awareness about health benefits of whiskey among individuals is expected to proliferate growth of the global whiskey market, owing to various benefits offered by whiskey when it consumed in a standard/precise amount such as, weight loss, stress reduction, controls diabetes, decreases risk of ischemic stroke, improves cholesterol levels, prevents heart disease, reduces risk of cancer, increases longevity, and boost immune system and memory.
Furthermore, increasing awareness and preference for organic whiskey among consumers is expected to generate significant opportunities to market players for product innovation and development. This in turn expected to support growth of the target market in the near future.
However, high tax and increasing regulations associated with alcohol consumption across the globe is a major factor expected to restraint growth of the global whiskey market. In addition, wide availability of substitute products such as wine and beer across the globe is another factor may hamper growth of the target market to a certain extent.
Market in Asia Pacific is expected to dominate the global market in terms of revenue, owing to high consumption whiskey and large consumer base in countries such as India, China and Japan. In addition, Europe is the largest producer of whiskey in the global market, owing to presence of leading whiskey manufacturers and availability of raw material in countries in the region.
Market in North America is expected to witness high growth followed market in Europe and Middle East and Africa in the global market in terms of revenue, owing to increasing per capita consumption of whisky in countries in the regions. In addition, product innovations such as, development of unique taste and various flavors of whiskey is expected to contribute significantly in the growth of target market in these regions.
Global Market Segmentation:
Global market segmentation, by material:
- Blended Whiskey
Global market segmentation, by quality:
- Super Premium
- High-End Premium
Global market segmentation, by product type:
- Others (Danish, Finnish, Indian, and Welsh)
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Bacardi Limited
- La Martiniquaise
- Pernod Ricard SA
- Beam Suntory, Inc.
- Chivas Brothers Ltd
- United Spirits Limited
- Allied Blenders & Distillers
- William Grant & Sons Ltd.
- Whyte & Mackay Limited
- Diageo North America, Inc.
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