Whiskey Market: Valued at USD 63.88 Bn in 2023, Projected to Reach USD 97.33 Bn by 2030

Whiskey Market size was valued at USD 63.88 Bn in 2023 and is expected to reach USD 97.33 Bn by 2030, at a CAGR of 6.2 %.

Whiskey Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Whiskey Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Whiskey market by thorough analysis, and projections are made up to 2030.

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Whiskey Market Scope and Methodology:

The Whiskey market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Whiskey market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.

Also, the research offers detailed insights into the dynamics of the Whiskey market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Whiskey market were developed. The study provides a thorough value chain analysis that clarifies the Whiskey production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Whiskey market on a global and micro level.

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Whiskey Market Regional Insights :

The size and trends in the Whiskey market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

Whiskey Market Segmentation:

by Type

Scotch whiskey
American whiskey
Canadian whiskey
Irish whiskey
Others

by Grain Type

Malt
Wheat
Rye
Corn
Others

By Grain Type: With a majority market share, wheat whiskey became the leading contender in the whiskey market in 2023. Wheat whiskey is mostly made in the United States and has a uniquely light and somewhat sweet flavor due to the minimum amount of wheat required in its composition. Depending on the secondary grains utilized, it can vary in spiciness, but overall it keeps a mildly flavored profile. A.D. Laws Triticum Straight Wheat Whiskey, Dry Fly Straight Washington Wheat Whiskey, and Bernheim Original Wheat are a few notable examples. The growing use of this sector in cocktails is driving its growth and significantly expanding the market.

by Flavor

Unflavored
Flavored (Citrus, Honey, etc)

by Distribution Channel

On-Trade
Off-Trade Distributors
E-Commerce

Regarding Distribution Channel: The On-Trade distribution channels emerge as the front-runners in 2023, taking up a large portion of the whiskey market. These outlets, which include pubs, restaurants, and liquor stores, are the main places where customers may enjoy whiskey in a lively and social atmosphere. These locations offer a diverse range of whiskey brands, allowing customers to experience different whiskey expressions. These establishments' welcoming atmosphere and skilled bartenders greatly improve the drinking experience, drawing a constant flow of patrons and increasing revenues in this market.

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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)

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Key questions answered in the Whiskey Market are:

What is Whiskey?
What was the Whiskey market size in 2023?
Which are the factors expected to drive the Whiskey market growth?
Who are the leading companies and what are their portfolios in 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 will be the CAGR at which the Whiskey market will grow?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Whiskey Market?
What are the different segments of the Whiskey Market?
What is the growth rate of the Whiskey Market?
What segments are covered in the Whiskey Market?
Who are the key players in the Whiskey market?
What are the key challenges and opportunities in the Whiskey market?
Which application holds the highest potential in the Whiskey market?
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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