Whiskey Market Overview:
Maximize Market Research, a Whiskey business research firm has published a report on the “Whiskey Market”. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, and Outlook).
Estimated Growth Rate for Whiskey Market:
With a compound annual growth rate (CAGR) of 6.2%, the size of the global whiskey market is projected to grow from USD 63.88 billion in 2023 to USD 97.33 billion by 2030.
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Whiskey Market Report Scope and Research Methodology:
The scope of the Whiskey market analysis encompasses diverse factors, including geographical regions, industry segments, traveller types, and travel service offerings. Research methodologies integrate primary and secondary data collection, employing surveys, interviews, and analysis of industry reports and databases. Assessing the Whiskey market scope involves examining the volume and value of business travel transactions, covering expenditures on transportation, accommodation, dining, and ancillary services. Methodologies aim to identify key trends, challenges, and opportunities influencing the market landscape. This comprehensive approach provides valuable insights for strategic decision-making, aiding businesses in navigating the complexities of the Whiskey sector and capitalizing on growth prospects.
Whiskey Market Regional Insights:
Improved dependability and increasing demand drive growth in the Whiskey Market, particularly in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Geographical observations help investors identify opportunities, with regional evaluations highlighting crucial strategies like mergers and acquisitions. Understanding regional dynamics enables stakeholders to tailor their approaches, leveraging growth prospects and addressing specific Whiskey market needs. This insight is vital for informed decision-making and strategic planning across diverse geographic landscapes.
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Whiskey Market Segmentation:
by Type
Scotch whiskey
American whiskey
Canadian whiskey
Irish whiskey
Others
by Grain Type
Malt
Wheat
Rye
Corn
Others
In 2023, wheat whiskey emerged as a dominating participant in the Whiskey Market, gaining over of the market share. Mainly made in the United States, wheat whiskey requires a minimum of wheat in its composition, resulting in a particularly light and gently sweet character. Its level of spiciness varies based on the secondary grains used, but it generally maintains a slightly flavored taste. Notable examples include Bernheim Original Wheat, A.D. Laws Triticum Straight Wheat Whiskey, and Dry Fly Straight Washington Wheat Whiskey. The segment's growth is spurred by its increasing popularity in cocktails, contributing to significant market expansion.
Meanwhile, malt whiskey, notably valued in nations such as China, Taiwan, and South Korea, is witnessing considerable expansion. Its attraction is heightened by unique whiskey festivals and
by Flavor
Unflavored
Flavored (Citrus, Honey, etc)
by Distribution Channel
On-Trade
Off-Trade Distributors
E-Commerce
In 2023, the On-Trade distribution channels take a dominating position, gaining over of the Whiskey Market share. These channels, comprising restaurants, bars, and liquor stores, serve as important outlets for customers to indulge in whiskey in lively and social environments. Offering a vast choice of whiskey brands, these facilities provide guests with possibilities to discover diverse styles of whiskey. The skill of bartenders and the pleasant ambiance of these venues considerably enhance the drinking experience, attracting a consistent stream of clients and pushing sales within this segment.
Despite the importance of the On-Trade sector, the Off-Trade distribution channel currently has the highest proportion. This includes supermarkets, hypermarkets, budget retailers, internet platforms, and more. Off-trade accounted for the majority of the market share due to its
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Table of Content: Whiskey Market
Part 01: Executive Summary
Part 02: Scope of the Whiskey Market Report
Part 03: Global Whiskey Market Landscape
Part 04: Global Whiskey Market Sizing
Part 05: Global Whiskey Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Whiskey Market Key Players:
Europe
1. Pernod Ricard SA (France)
2. Diageo (England)
3. Forman Whiskey (Ireland)
4. Johnnie Walker (Scotland)
5. The Edrington Group (Scotland)
6. William Grant & Sons (Scotland)
7. Alko (Helsinki, Finland)
8. Arkell’s Brewery (Swindon, England)
9. Bass Brewery (England)
10. Bacardi Ltd (Bermuda)
11. La Martiniquaise (France)
North America
12. Red Brick Brewing Company (USA)
13. Allagash Brewing Company (USA)
14. Anchor Brewing Company (USA)
15. Beam Suntory (USA)
16. Brown-Forman Corporation (USA)
17. Constellation Brands (USA)
Asia Pacific
18. Accolade Wines (Australia)
19. United Spirits Ltd. (Bangalore, India)
20. Allied Blenders & Distillers (Mumbai, India)
21. Asahi Breweries (Tokyo, Japan)
22. Beijing Red Star Co (China)
23. Asahi Group Holdings Ltd (Japan)
24. Suntory Beverage & Food Limited (Japan)
- Key questions answered in the Whiskey Market are:
- Who are the leading companies and what are their portfolios in Whiskey Market?
- What segments are covered in the Whiskey Market?
- Who are the key players in the Whiskey market?
- What is Whiskey?
- What is the growth rate of the Whiskey Market?
- Which are the factors expected to drive the Whiskey market growth?
- What are the different segments of the Whiskey Market?
- What growth strategies are the players considering to increase their presence in Whiskey?
- What are the upcoming industry applications and trends for the Whiskey Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Whiskey Market?
- What segments are covered in the Whiskey Market?
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