Global Whiskey Market Projected to Reach USD 95.9 Billion by 2026

24-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Whiskey Market By Product (Malt, Wheat, Rye, Corn, Blended, Others), By Quality (Premium, High-End Premium And Super Premium): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global whiskey market in 2019 is approximately USD 61.7 Billion. The market is expected to grow at a CAGR of 6.5 % and is anticipated to surpass USD 95.9 Billion by 2026.

Global Whiskey Market Size

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Whiskey is a type of alcoholic distilled liquor obtained through longer storage of the fermented grain mash. Different grains, including barley, maize, rye, and wheat, are used in a variety of varieties. Whisky is traditionally aged in wooden barrels, made of burnt white oak. The limited consumption of whiskey is considered to be beneficial for body health as it decreases the risk of cardiac arrest and blood pressure problems. However, a greater consumption of alcohol can prove to be fatal in the long term for human health.

Browse the full “Whiskey Market By Product (Malt, Wheat, Rye, Corn, Blended, Others), By Quality (Premium, High-End Premium And Super Premium): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-whiskey-market-by-product-scotch-whiskey-american-1028

Increasing innovations and developments in the production of alcoholic drinks in addition to the rise in the worldwide number of whiskey producing units are key drivers of the market's growth. Furthermore, the demand for premium and super-premium whiskeys in both developed and emerging countries is on the rise. The changing customer habits and the rising trend of socialization and mid-week / weekend parties among skilled employees in addition to the rising numbers of early age consumers have a positive impact on the market as well. Whiskey is often considered to be people's desire for exhibiting elegance and sophistication, which has driven customers to try enchanting drinking experiences.

In addition, intriguing marketing promotions and increased acquisition of distribution networks coupled with the creation of on-line retail portals providing customers with a trouble-free shopping experience further boost the market.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 61.7 Billion

Projected Market Size in 2026

USD 95.9 Billion

CAGR Growth Rate

6.5% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

William Grant and Sons, Diageo, Suntory Holdings Ltd., 8PM, La Martiniquaise, Brown Forman, Moët Hennessy Louis Vuitton (LMVH), Jack Daniel's, Allied Blenders and Distillers Pvt. Ltd., Haig, Bacardi Limited, McDowells, Angus Dundee Distillers Plc., Johnny Walker, Pernod Ricard, Constellation Brands, Inc., Whyte & Mackay, and King Car Group [Kavalan Distillery], Black & White, Jim Beam, United Breweries, and VAT 69, among others.

Key Segment

By Product Segmentation Analysis, By Source Segmentation Analysis, By Quality Segmentation Analysis, By Distribution Channel Segmentation Analysis, By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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The companies operating in the alcohol production sector are required to comply with regulations and policies governing the production, sale, and distribution of alcoholic drinks. In addition to this, higher taxes are acting as a hindrance to the growth of the global market.

Among the product type, the wheat-based whiskey is expected to continue with the highest sale and revenue. The wheat-based whiskey is also expected to witness the highest growth rate among the product segmentation. Depending on the number of secondary grains, the spice component in the wheat product is relatively low. Additionally, extensive use of wheat whiskey in cocktails is expected to boost the market growth of wheat-based whiskey products.

Malt-based whiskey products are expected to witness higher growth in countries like China, Japan, and Taiwan. Additionally, the rising preference for single malt whiskey is expected to propel the market for the malt-based whiskey products.

Regionally, North America is expected to dominate the global whiskey market share. The major factors for the higher market share are a large number of premium whiskey producer in the region and consumer base. Europe is the second-largest market followed by the Asia Pacific.

Major players in the global whiskey market covered in this report include Danaher Corporation, Agilent Technologies, Inc, Bio-Rad Laboratories, Merck KGaA,  Affymetrix, Inc, New England Biolabs, Thermo Fisher Scientific, Inc., Clontech, Bruker Corporation, Inc,  Luminex Corporation, Waters Corporation, GE Healthcare, Qiagen and Perkinelmer, Inc,. 

This report segments the whiskey market as follows:

Global Whiskey Market: By Product Segmentation Analysis

  • Malt
  • Wheat
  • Rye
  • Corn
  • Blended
  • Others

Global Whiskey Market: By Quality Segmentation Analysis

  • Premium
  • High-End Premium
  • Super Premium

Global Whiskey Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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