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Blended Grain Whiskeys to Remain Top Selling Product With a Promising Growth Trajectory of More Than 6% : Report Fact.MR

12-09-2021 08:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Whiskey Market

Whiskey Market

The global whiskey market will thrive at a healthy 6% CAGR during 2019 – 2029, as projected by a new Fact.MR report. Key players in the whiskey market are opting for marketing and promotional partnerships in events, and at restaurants and bars, to better penetrate the millennial consumer demographic.

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Whiskey Market: Key Findings

Blended grain whiskeys continue to lead global market demand with promising growth opportunities through the forecast period.
Premium whiskey brands will gain substantial traction owing to superior price to quality ratios.
High preference among consumers to drive the wheat based whiskey segment.
South Asia and Oceania continue to be at the forefront of demand, with considerable expansion of urban cultures.
Whiskey Market: Key Driving Factors

Soaring whiskey consumption, particularly by the millennial consumer demographic, will assist the rise of market.
Expansion of the HoReCa sector and growing inclination towards whiskey blends experimentation will contribute to market growth.
Increasing preference for premium and super premium whiskey is driving sales of whiskey in developing regional markets.
Rising demand for single-malt scotch options is a strong factor supporting market growth.
Whiskey Market: Key Restraints

Development of stable whiskey blends that can potentially be produced at scale will continue as a challenge to market growth.
Higher tax and strict government regulations continue to restrict market growth.
whiskey market regional analysis

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Competition Landscape

Manufacturers are leveraging high growth potential of whiskey markets in countries such as Mexico, India, and Indonesia. Industry heavyweights are prioritizing research and development activities for new flavour innovations. Key players are eying profits in evolving demand patters among millennial consumers, besides focusing on setting up new consumer communities. Prominent companies operating in whiskey market include, but are not limited to, Diageo, Loch Lomond Distillery Company, Chivas Brothers, LVMH Moët Hennessy – Louis Vuitton SE, William Grant & Sons, Inver House Distillers Ltd., Bacardi & Company Limited, and Belvédère International Inc.

About the Report

This 170-page study offers detailed market forecast on the whiskey market. The key categories covered in the report include grain type (malt, wheat, rye, corn, blended and others), quality (premium, high-end premium, and super premium). This analysis has been tracked on a country-wise level, with a total of 30+ countries across 6 key regions.

Explore Fact.MR’s Coverage on the Food and beverages Domain:

Grassfed Jerky Market – The demand for grassfed meat and related products including jerky has significantly risen in the recent past. The rise in meat consumers who prefer organic and natural food products are also concerned about the origin of their feed which has elevated the demand for grassfed jerky. Fact.MR projects that the market for grassfed jerky at over 8% CAGR during the forecast period, 2021-2031. https://www.factmr.com/report/grassfed-jerky-market

Protein Ice Cream Market – Latest research by Fact.MR indicates the protein ice cream market to grow in double digits during 2021 – 2031. There has been a moderate demand in regular ice-cream consumption and besides a new breed of customers fond of nutritive snacks have elevated the demand of protein ice cream over the past few years. https://www.factmr.com/report/protein-ice-cream-market

String Cheese Market – As per the latest research completed by the Fact.MR, the market has experienced modest growth during the historical period of 2016-2020. In the forecasted period, the demand for string cheese is anticipated to demonstrate a rapid growth rate. https://www.factmr.com/report/string-cheese-market

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

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