According to Data Bridge Market Research new Market report, global whiskey market will account to an estimated USD 5.76 billion in 2018 growing at a CAGR of 5.25% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-whiskey-market/
Whiskey can be defined as a type of distilled alcoholic beverage which is created with the fermentation of different grains mash. The variety of the product depends on the ingredients and grains used along with the production process. This beverage is aged in wooden barrels giving it a variety of taste and textures depending on its age.
Global whiskey market is segmented on the basis of product type, quality types, distribution channel and geography.
By Product Type (Malt Whiskey, Wheat Whiskey, Rye Whiskey, Corn Whiskey, Blended Whiskey, Others), Quality Types (Premium, High End Premium, Super Premium), Distribution Channel (Bars & Restaurants, Liquor Stores, Supermarkets, E-Commerce, Hypermarkets) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN WHISKEY MARKET
High demand from food & beverages
According to Our World in Data, there was widespread consumption of alcohol worldwide in 2016. The stats suggested an average of 15.2 litres of total alcohol consumption per person in Moldova which was the highest that included age of 15 and above for the year 2016. It was closely followed by Lithuania at 15 litres, with Ireland at 13 litres. This significant number of high amounts of alcohol consumption is expected to be a major driver for the market of whiskey as it is one of the products included in the alcohol category.
Few of the major competitors currently working in the whiskey market are Accolade Wines, Allagash Brewing Company, ABD Allied Blenders and Distillers Pvt. Ltd., Brown-Forman, Diageo, Asahi Breweries Ltd., Bacardi, Pernod Ricard, Beam Suntory Inc., Anheuser-Busch InBev, Carlsberg Group, Constellation Brands Inc., Distell, Davide Campari-Milano S.p.A., ILLVA SARONNO S.p.A., John Distilleries India, Molson Coors Brewing Company, Alko, ARKELL’S BREWERY LIMITED, Anchor Brewing, and REDSTARWINE.
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