New York, NY, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Whiskey Market By Product (Scotch Whiskey, American Whiskey, Canadian Whiskey, Irish Whiskey, and Others), By Source (Malt, Wheat, Rye, Corn, Blended, and Others), By Quality (Premium, High-end Premium, and Super Premium), By Distribution Channel (On-Trade and Off-Trade), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”.
According to the research study, the global Whiskey Market was estimated at USD 61.7 Billion in 2019 and is expected to reach USD 95.9 Billion by 2026. The global Whiskey Market is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2019 to 2026.
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.
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Our Free Sample Report Includes:
• Report Introduction, Overview, and In-depth industry analysis
• 190+ Pages Research Report
• Provide Chapter-wise guidance on Request
• Regional Analysis with Graphical Representation of Size, Share & Trends
• Includes List of table & figures
• Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Offerings:
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Top 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
- VAT 69
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Global Whiskey Market: Key Drivers
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.
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.
Browse the full “Whiskey Market By Product (Scotch Whiskey, American Whiskey, Canadian Whiskey, Irish Whiskey, and Others), By Source (Malt, Wheat, Rye, Corn, Blended, and Others), By Quality (Premium, High-end Premium, and Super Premium), By Distribution Channel (On-Trade and Off-Trade), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-whiskey-market-by-product-scotch-whiskey-american-1028
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 malt-based whiskey products.
Also Read, Global Whiskey Market Press Release
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 Analysis
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.
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Major Key Questions Answered in this Report:
- How much is the whiskey industry worth?
- What is the valuation of the whiskey market?
- What is the major driver for the whiskey market?
- Which is the leading regional whiskey market?
- What is the best whiskey on the market?
- Who are the top manufacturers in the whiskey market?
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