Global Whiskey Market Share to Reach USD 105.46 Billion by 2030; Industry Compound Annual Growth Rate of 5.6%

Whiskey Market Size Was Valued at USD 68.2 Billion in 2022, and is Projected to Reach USD 105.46 Billion by 2030, Growing at a CAGR of 5.6% From 2023-2030.

Experimentation and innovation in manufacturing, taste and preference, and innovative packaging of the bottles drive the growth of the global whiskey market. However, huge taxation on alcoholic beverages and impact of Brexit on whiskey market hinder the market growth. On the other hand, advent of e-commerce and growth in demand for premium drinks in developing countries present new opportunities in the coming years.

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Prominent companies influencing the Whiskey Market landscape include:

Forman Whiskey (US), Anchor Brewing Company (US), Allagash Brewing Company (US), Jim Beam (US), Constellation Brands (US), Beam Suntory (US), Brown Forman (US), Red Brick Brewing Company (US), The Edrington Group (UK), Johnnie Walker (UK), United Spirits Ltd. (India), Pernod Ricard SA (France), William Grant & Sons (UK), Accolade Wines (Australia), Mcdowell's No. 1 (India), Allied Blenders & Distillers (India), Arkell’s Brewery (UK), Asahi Breweries (Japan), Bass Brewery (UK), Bacardi Ltd (Bermuda), Beijing Red Star Co (China), Diageo (UK), La Martiniquaise (France), Suntory Beverage & Food Limited (Japan), 8pm (Italy)

Key Industry Developments in the Whiskey Market:

In November 2023 - Brown-Forman announced that The Duckhorn Portfolio, Inc. (“The Duckhorn Portfolio), a premier wine group, will acquire Sonoma-Cutrer Vineyards and related brand trademarks. In exchange, Brown-Forman will receive an ownership percentage of approximately 21.5% in The Duckhorn Portfolio and $50 million USD. The transaction, subject to certain customary closing adjustments and conditions, is expected to close in the fourth quarter of fiscal year 2024.

In August 2023- Brown-Forman Corporation, one of the largest American-owned spirits and wine companies, is launching its own distribution business in Slovakia, bringing the distribution in-house for the first time since the company entered the market.

Regional insights regarding the Whiskey Market are primarily covered in the region-specific sections, including:

  • North America
  • South America
  • Asia Pacific
  • Middle East and Africa
  • Europe

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Market Segmentation Analysis is a crucial component, categorizing the Whiskey Market   based on type, product, end-user, and more, facilitating a precise market description.

Market Segmentation:

 

By Product Type              

  • Malt Whiskey
  • Wheat Whiskey
  • Rye Whiskey
  • Corn Whiskey
  • Blended Whiskey

By Quality Type

  • Premium
  • High End Premium
  • Super Premium

By Quality Type

  • Bars & Restaurants
  • Liquor Stores
  • Supermarkets
  • E-Commerce

 

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Key Features of the Report:

  1. Competitive Analysis: Gain a comprehensive understanding of the evolving Whiskey Market competitive landscape to effectively adapt and strategize.
  2. Forward Perspective: Discover what is driving or inhibiting market growth from a forward-looking perspective.
  3. Product Segmentation: Identify key product segments and their growth potential to align your strategies with Whiskey Market trends.
  4. Informed Decision Making: Deepen your understanding of the market and its segments to make well-informed business decisions.

Conclusion

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This report addresses a wide range of industry participants, from seasoned experts seeking to learn about the dynamic Whiskey Market to newcomers looking for guidance. Customization options are available to meet specific needs and ensure relevance to various target audiences.

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