Quadintel published a recovery-based report for Global “Whiskey Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
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Global Whiskey Market is valued approximately USD 61.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2020-2027.
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Whiskey is an alcoholic beverage that is made from fermented mash of grains. Whiskey can provide numerous fitness benefits, if consumed moderately, such as it enables in dropping weight and preventing diabetes. It’s also beneficial in treating common cold and soothing the sore throat. The players inside the whiskey marketplace are in consistent pursuit of introducing novel flavors and formulations that provide big flavor and first rate excellent to the patron. The demand for whiskey among health-conscious consumers, with the changing lifestyles. Also, consumer preference coupled with the increasing per capita disposable income and escalating global tourism levels and the heightening number of restaurants and bars across the world are market trends which are anticipated to fuel the increase of the market over the forecast period.
For instance: according to Statista, In year 2019, sales volume of Johnnie Walker worldwide (in 9 liter cases) was 18.9m whereas the figure for Ballantine’s worldwide was 7.7m, and 8.1m for Jameson worldwide. The leading whiskey brand in the U.S., based on dollar sales was Jack Daniel’s Tennessee Whiskey. However, the regulations and taxations on whiskey production impedes the growth of the market over the forecast period of 2020-2027. Also, novel flavors and formulations that offer extensive taste and great quality to the consumer is likely to increase the market growth during the forecast period.
The worldwide study of global Whiskey market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the high demand for whiskey from the foodservice industry. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2020-2027. Factors such as the increasing number of bars and restaurants in the region would create lucrative growth prospects for the Whiskey market across Asia-Pacific region.
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Major market player included in this report are:
Angus Dundee Distillers Plc. (UK)
Allied Blenders and Distillers Pvt. Ltd. (India)
Bacardi Limited (UK)
Pernod Ricard (France)
Brown-Forman (US)
Constellation Brands, Inc. (US)
Diageo Plc (UK)
Suntory Holdings Ltd. (Japan)
Asahi Group Holdings (Japan)
La Martiniquaise (France)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Functions offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Scotch Whiskey
American Whiskey
Irish Whiskey
Canadian Whiskey
Others
By Packaging Type:
Bottles
Cans
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By Distribution Channel:
Food Service
Retail
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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