7 January 2020 - Global Whiskey
Market is anticipated to witness
an exponential growth in the forecast period. Whiskey is a type of distilled
alcoholic beverage made from fermented grain mash. Factors such as increasing
demand for premium whiskey, growing affordability of whiskey, consumption
habits of whiskey, changing lifestyles, high disposable income, new product launches,
and technological innovations are likely to drive the whiskey market in the
forthcoming period.
On
the other hand, legal regulations by the governments, heavy taxation, health
issues associated to whiskey consumption, heavy taxation, increasing struggle
from other alcoholic beverages, a growing number of consumers selecting
substitutes such as beer and wine are anticipated to hinder the market growth
in future. However, the presence of foremost whiskey manufacturing companies is
likely to create lucrative opportunities for the market.
Whiskey
market is anticipated to expand at a significant CAGR in the upcoming period as
the scope, product types, and its applications are increasing across the globe.
Market could be explored by type, quality type, product type, application, and
geography. Market could be explored by type as wheat, malt, rye, blended, corn,
and others. The “Blended” segment accounted for a prominent share in the
market. It is likely to witness substantial growth in the years to come. The
key factor that could be attributed to the growth of the market includes
increasing demand.
Based
on the quality type, the whiskey market could span premium whiskey, high-end
premium whiskey, and super premium whiskey. The “Premium Whiskey” segment
accounted for a prominent share in the market. The key factor that could be
attributed to the growth of the market include has the major share of the
market by quality, increasing expenditure and high demand from the consumer.
The
whiskey market could be explored based on the product as Canadian whiskey,
Irish whiskey, Scotch whiskey, and American whiskey. The “Scotch Whiskey”
segment accounted for a prominent share in the market. It is likely to witness
substantial growth in the years to come. The key applications that could be
explored in the market include Liquor Stores, Bars & Restaurant,
Supermarkets, Online Stores and Mini Markets.
Europe
is a leading region in the market. It is likely to maintain its dominance in
the forecast period. Italy, Germany, France, and Spain are the foremost
countries for whiskey consumption and production in this region. Europe is also
the major consumer and producer of whiskey. Europe is followed by North
American and Asia-Pacific region. The US only consumed the maximum whiskey per
person.
In
addition, the Asia-Pacific is the fastest growing market for whiskey
consumption and production owing to a high acceptance rate of lifestyle and
western culture, high demand, increasing expenditure, large population, and the
rising middle-class households. India, Japan, and China are the highest
consumers in the region.
Leading
Key players operating in the whiskey market include Brown-Forman, Beam Suntory,
Gruppo Campari, Diageo, Alexandrion Group Romania, Heaven Hill, Barrel House
Distilling, Alltech Lexington Brewing and Distilling, Boundary Oak Distillery,
Boone County Distilling, Michter's Distillery, Kirin Brewery, Willett
Distillery, and Sazerac. The leading companies are taking up partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Whiskey in these regions, from 2012 to 2023
(forecast), covering
•
North America (United States, Canada and Mexico)
•
Europe (Germany, France, UK, Russia and Italy)
•
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
•
South America (Brazil, Argentina, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Whiskey market competition by top
manufacturers, with production, price, revenue (value) and market share for
each manufacturer; the top players including
•
Beam Suntory
•
Brown-Forman
•
Diageo
•
Gruppo Campari
•
Heaven Hill
•
Alexandrion Grup Romania
•
Alltech Lexington Brewing and Distilling
•
Barrel House Distilling
•
Boone County Distilling
•
Boundary Oak Distillery
•
Kirin Brewery
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