San Francisco 15 April 2019 Whiskey Market Size, Share & Trends Analysis Report By Product (Malt, Wheat,
Rye, Corn, Blended), By Quality (Premium, High-end Premium, Super Premium), By
Region, And Segment Forecasts, 2019 - 2025
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.
Access Research Report of Whiskey Market
@ 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
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Whiskey
Market@ https://www.grandviewresearch.com/press-release/global-whiskey-market
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.
