The global whiskey market size is expected to reach USD 89.60
billion by 2025, according to a new report by Grand View Research, Inc. The
market is anticipated to witness a CAGR of 6.4% during the forecast period on
account of rising product consumption across the globe. Growing product usage
in the artistic preparation of alcoholic drinks is the key factor driving the
industry. Blended whiskey is likely to remain the most lucrative product
segment over the forecast period due to ongoing experimental activities to
produce innovative drinks.
The market has also
experienced a high demand for rye-based and single- and double-malt whiskey
rich in new flavors. Use of malt whiskey in cocktail formulation is anticipated
to increase the demand further. The segment is predicted to experience a steady
CAGR over the next few years. The overall whiskey market has witnessed a shift
from branded and premium drinks to super-premium and high-end premium drinks
produced by skilled craftsmen using traditional processes.
High-end premium segment
is likely to witness considerable growth due to market consolidation and
high-entry-barrier of new companies. However, a small customer base and high
prices of these products may limit the segment growth. The U.S. whiskey market
is proliferating in line with the increasing disposable income levels, which
has resulted in rising demand for the premium-quality products, such as corn
and malt whiskeys.
For full research report on Whiskey
Market visit here:
https://www.grandviewresearch.com/industry-analysis/whiskey-market
Further key findings from the study
suggest:
- Blended whiskey dominated the global market in 2018;
while, the malt whiskey segment is projected to ascend at a CAGR of 7.1%
over the forecast period
- The premium quality segment led the global market in
2018 accounting for a revenue share of 43.7%
- Rising preference for high-quality craft whiskey
over those provided by established brands owing to the distinct taste and
flavors will drive the segment
- The whiskey market in North America has grown at a
prolific rate over the past few years owing to consumer preference for
conventional, locally produced drinks
- Pernod Ricard, Hotaling & Co., William Grant
& Sons, and Diageo plc are the prominent companies in the global
market
- Most of these manufacturers provide whiskeys
produced from locally-grown grains, such as rye, barley, and wheat. The
whiskey distilleries owned by these companies are majorly located in U.S.
and Europe owing to the substantial demand
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/whiskey-market/request/rs1
Grand View Research has segmented the global whiskey
market on the basis of product, quality, and region:
Whiskey Product Outlook (Volume,
Million Liters; Revenue, USD Million, 2014 - 2025)
- Malt
- Wheat
- Rye
- Corn
- Blended
- Others
Whiskey Quality Outlook (Volume,
Million Liters; Revenue, USD Million, 2014 - 2025)
- Premium
- High-end Premium
- Super Premium
Whiskey Regional Outlook (Volume,
Million Liters; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- France
- Spain
- Asia Pacific
- India
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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