Global Whiskey Market, By Product Type (Malt Whiskey, Wheat Whiskey, Rye Whiskey, Corn Whiskey, Blended Whiskey, Others), Quality Types (Premium, High End Premium, Super Premium), Packaging Type (Bottles, Cans), Distribution Channel (Bars and Restaurants, Liquor Stores, Supermarkets, E-Commerce, Hypermarkets), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Whiskey market is expected to grow at a compound annual rate of 5.56% in the forecast period 2021 to 2028. The increasing trend in the midst of working professionals towards more of socializing and weekend parties is the factor for the whiskey market in the forecast period of 2021 to 2028.
Whiskey is a type of an alcoholic beverage which is prepared from fermented mash of grains. Whiskey can present several health benefits, if consumed in temperance, such as it helps in preventing diabetes and losing weight. It is also helpful in treating common cold and soothing the sore throat.
The major growing factor towards whiskey market is the increasing affordability of whiskey and growing demand for premium whiskey. The prime factor driving the demand for whiskey is the huge demand for premium as well as super-premium whiskeys in both the rising as well as developed countries. Furthermore, the ingestion of whiskey in reasonable proportion can prove positive for health and also reduces the risk of heart disorders as well incidence of high or low blood pressure in individuals which is also heightening the overall demand for whiskey market over the forecast period of 2021 to 2028. Moreover, the penetration in process of making alcoholic beverages along with increase in the proportion of whiskey distilleries also serves as a foremost driver for increasing the demand for whiskey market at a global level. In addition, the high disposable income leading to the increase in demand for premium whiskey products, increasing population as well as the improving standard of living in emerging countries are also lifting the growth of the whiskey market.
However, the regulations and taxations on whiskey production by various governments in the different regions are projected to act as a restraint towards the growth of whiskey market, whereas the various health concerns and issues associated with the consumption of whiskey have the potential to challenge the growth of the whiskey market.
Moreover, the rapidly increasing consumer base across the world and changing lifestyles of people as well as rapidly rising food service industry will further generate new opportunities for the whiskey market in the forecast period of 2021 to 2028.
This whiskey market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on whiskey market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Whiskey Market Scope and Market Size
Whiskey market is segmented on the basis of product type, quality types, packaging type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the whiskey market has been segmented into malt whiskey, wheat whiskey, rye whiskey, corn whiskey, blended whiskey and others.
- On the basis of quality types, the whiskey market has been segmented into premium, high end premium and super premium.
- Based on packaging type, the whiskey market has been segmented into bottles and cans.
- The distribution channel segment of the whiskey has been segmented into bars and restaurants, liquor stores, supermarkets, e-commerce and hypermarkets.
Whiskey Market Country Level Analysis
Whiskey market is analyses and market size, volume information is provided by country, product type, quality types, packaging type and distribution channel as referenced above.
The countries covered in the whiskey market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the whiskey market because of the rapidly changing lifestyle as well as the rapidly increasing demand for whiskey from the foodservice industry in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the rising number of bars and restaurants and rapid increase in the per capita disposable income of the population within this region.
The country section of the whiskey market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Whiskey Market Share Analysis
Whiskey market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to whiskey market.
The major players covered in the whiskey report are Accolade Wines, Ace Spirits, Allagash Brewing Company, Allied Blenders and Distillers Pvt. Ltd., Brown-Forman, Diageo, ASAHI GROUP HOLDINGS, LTD., Bacardi, Pernod Ricard, Beam Suntory, Inc., Carlsberg Breweries A/S, Constellation Brands, Inc., Distell, Davide Campari-Milano N.V., John Distilleries, India, Molson Coors Beverage Company, Alko, WILLIAM GRANT & SONS, Anchor Brewing, and Chivas Brothers International Ltd among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.