Global Demand For The Entire Whiskey Market Will Experience A CAGR Of 6% By 2031

Newly released data from Fact.MR's market analysis shows that global demand for the overall whiskey market will likely experience a CAGR of 6% to reach US$ 108 Bn by the end of the 2021-2031 assessment period. Consumers are expected to show greater inclination towards high-end and super premium whiskies, given the increasing purchasing power across key regions.

As per the Distilled Spirits Council (DISCUS), premium alcohol sales surged 7.7% to reach US$ 31.2 billion in 2020 across the United States. Furthermore, documented health benefits, including reduction of blood sugar levels, obesity prevention and cancer inhibition are likely to fuel sales in the future. As per the study, South Korea is likely to attract lucrative investments, given the high whiskey consumption incidence.

Click Here To get a Sample Report (Including Full TOC, Table & Figures):- https://www.factmr.com/connectus/sample?flag=S&rep_id=4515

Key Takeaways from the Market Study

By grain type, blended whiskey demand likely to expand 1.4x from 2021-2031
Malt-based whiskey to accelerate, registering a CAGR of 6% across the forecast period
Super-premium whiskey expected to account for at least 2 out of 5 sales through 2031
Premium whiskey consumption to soar at a CAGR of 7.5% from 2021 to 2031
U.S to yield 30% of the global demand for whiskey until 2031
India to emerge as an opportunistic market, expanding at a CAGR of 5% through 2031
Canada to experience high growth, registering a CAGR of 12%

Key Segments Covered

Grain Type

Malt Whiskey
Wheat Whiskey
Rye Whiskey
Corn Whiskey
Blended Whiskey
Other Grain Type Whiskey

Quality

Premium Whiskey
High-End Premium Whiskey
Super Premium Whiskey

Need More Information about Report
Custimization? Click here:- https://www.factmr.com/connectus/sample?flag=RC&rep_id=4515

Whiskey Market - Competitive Landscape

Increasing production and satisfying consumer demand through strategic collaboration will lead to increased revenues and market share for manufacturers. New technologies and products will provide end-users with malt-based products in the future.

On August 10th, 2021, Glenfiddich converted its delivery fleet to green biogas made from whisky residue. Glenfiddich, a single malt Scotch whisky owned by William Grant & Sons, has launched a sustainability initiative by utilizing biogas produced from its distillation residues to power its fleet of delivery vehicles.
Likewise, on August 10th, 2021, Beam Suntory officially introduced its first Indian whisky outside the country. By launching five premium spirits in North India, the company signaled that it was committed to expanding its business there, as part of its goal to reach US$ 1 billion by 2030.

For in-depth competitive analysis, buy now-https://www.factmr.com/checkout/165

After reading the Whiskey Market report, readers get insight into:

Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of Whiskey Market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period

For More Insights- https://www.prnewswire.com/news-releases/led-airfield-ground-lighting-to-remain-top-selling-accounting-for-over-80-of-airfield-ground-lighting-sales-factmr-301273840.html

US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Visit Our Website: https://www.factmr.com
Blog URL: https://blog.factmr.com/

About Us:

A differentiated market research and consulting agency! That's why 80% of Fortune 1000 companies trust us to make the most important decisions. Our experienced consultants use the latest technology to extract hard-to-find insights, but USP believes in the trust our clients have in our expertise. From automotive and Industry 4.0 to healthcare and retail, our coverage is broad, but allows us to analyze even the most niche markets. We have sales offices in the USA and Dublin, Ireland. It is headquartered in Dubai, UAE. Contact us about your goals and we will become your competent research partner.

This release was published on openPR.