openPR Logo
Press release

Malt Whiskey Market Size Growth Of $6.7 Billion by 2031 | Scotch whiskey segment accounted for the highest market share

12-07-2023 07:16 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Malt Whiskey Market

Malt Whiskey Market

Adoption of western culture in developing countries such as India and increase in servings of cocktails have boosted the growth of the global malt whisky market. However, health concerns regarding alcoholic beverages hinder the market growth. On the contrary, trend of mixed drinks and crafted alcohol would open lucrative opportunities in the future.

Request Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/17374

Malt whiskey is made from a fermented mash consisting primarily of malted barley. If the product is made exclusively at a single distillery, it is typically called a single malt whiskey. Although malt whiskey can be made using other malted grains besides barley, those versions are not called malt whiskey without specifying grain, such as rye malt whiskey or buckwheat malt whiskey. Craft spirits have witnessed monumental growth in last few years, owing to changing consumer preferences toward craft spirits, especially whiskey and brandy. According to the American Craft Spirits Association, craft spirits are products produced by a distillery, which values the importance of transparency in distilling and remains forthcoming regarding the ingredients of spirits, distilling location, aging, and bottling process. A distilled spirit is produced by a distillery producing fewer than 750,000 gallons annually. The craft spirits volume sales have witnessed upswing of 26% in 2019, The U.S. craft spirits market volume reached more than 12m 9-liter cases in retail sales in 2020.

The major companies profiled in the report include Bacardi Limited Alliance Global Group, Inc., Asahi Group Holdings, Ltd., Diageo plc, Pernod Ricard, Rรฉmy Cointreau, Suntory Holdings Limited, The Brown-Forman Corporation, The Edrington Group, and William Grant & Sons

The market growth is propelled by the rise in demand for whiskey as a result of Premiumization. The rising demand for high-premium whiskeys as a result of change in consumer tastes, rise in standard of living globally and inclination towards innovate products is expected to drive the growth of the whiskey market. In order to engage tech-savvy young consumers that seek greater value for money, more personalization, and integrated digital access, luxury whiskey brands have started to develop accurate social media platforms to expand consumer reach. Furthermore, millennia also value quality, authenticity and provenance, and hence are willing to pay more to enjoy this. The young consumers are inclined to experiment with their alcoholic beverages which has essentially led to the rise in 'cocktail culture'. This trend has further enhanced the usage of whiskey as an ingredient, thereby propelling the malt whiskey market growth.

The global malt whiskey industry has been slightly impacted amidst outbreak of the coronavirus. The COVID-19 pandemic resulted in lockdown and widespread restrictions across the world. On-trade sales of alcoholic beverages have declined across the world, owing to the closure of HORECA industry. Furthermore, recent developments in resurgence of the second wave of coronavirus in Europe and North America is one of the major challenges the industry is expected to face in the coming days.

Make a Direct Purchase: https://www.alliedmarketresearch.com/checkout-final/d1781e85654d5ff4755e43a52ebc80fc

The global malt whiskey market is segmented on the basis of type, distribution channel, and region. The malt whiskey industry is segmented on the basis of type, distribution channel. By type, the market is divided into scotch whiskey, American whiskey, Irish whiskey and others. On the basis of distribution channel, the market is categorized into on-trade and off-trade. Region wise, the global market is studied across North America, Europe, Asia-Pacific and LAMEA. North America consists of the U.S., Canada, and Mexico. Europe is studied across the UK, Germany, France, Spain, Russia, and rest of Europe. India, China, Japan, Australia, and rest of Asia-Pacific are the countries analyzed under Asia-Pacific. LAMEA includes Brazil, Argentina, the UAE, South Africa, and rest of LAMEA.

By type, the scotch whiskey segment dominates the market, while the Irish whiskey segment is expected to exhibit a decent growth during the malt whiskey market forecast period. Taste preference of consumers are evolving and they are trying different variants. This makes it essential for marketers and producers to understand the latest malt whiskey market trends and buying behavior of consumers.

Make an Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/17374

KEY FINDINGS OF THE STUDY

According to Malt Whiskey Market Analysis, by type, the scotch whiskey segment accounted for the highest malt whiskey market share in 2021, growing at a CAGR of 4.9% and the Irish whiskey segment is expected to be the fastest growing segment with a CAGR of 4.4% during the forecast period.

According to the Malt Whiskey Market Opportunities Analysis, by distribution channel, the on-trade segment is expected to exhibit a decent growth rate in the coming years. However, COVID-19 has led to decline in revenue generation from these sales channels in 2020.

Region wise, Europe is anticipated to lead the malt whiskey market in 2031, growing at a CAGR of 3.5%, from 2022 to 2031.

Related Reports:
Liquid Smoke Market: https://www.prnewswire.com/news-releases/liquid-smoke-market-to-reach-125-71-mn-globally-by-2030-at-5-9-cagr-allied-market-research-301458184.html

Sweetener market: https://www.prnewswire.com/news-releases/sweetener-market-to-reach-130-6-billion-globally-by-2031-at-4-6-cagr-allied-market-research-301639816.html

Contact:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Malt Whiskey Market Size Growth Of $6.7 Billion by 2031 | Scotch whiskey segment accounted for the highest market share here

News-ID: 3318670 • Views: โ€ฆ

More Releases from Allied Market Research

Riding the Wave : Smart Transportation Market on Course to Hit $251.0 Billion by 2030
Riding the Wave : Smart Transportation Market on Course to Hit $251.0 Billion by โ€ฆ
According to a new report published by Allied Market Research, titled, "Smart Transportation Market," The smart transportation industry was valued at $96.6 billion in 2020, and is estimated to reach $251.0 billion by 2030, growing at a CAGR of 10.2% from 2021 to 2030. ๐Œ๐š๐ฃ๐จ๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ Alstom Cisco Systems, Inc. IBM Corporation Cubic Corporation MSR-Traffic GmbH Iteris, Inc. Thales Group Siemens TomTom International BV. ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ - https://www.alliedmarketresearch.com/request-sample/380 ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐ข๐ง๐Ÿ๐ฅ๐ฎ๐ž๐ง๐œ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ: The global smart transportation market isโ€ฆ
Shaping Mobility : Global Automotive Door Panel Market Poised to Reach $34,158.6 Million by 2025
Shaping Mobility : Global Automotive Door Panel Market Poised to Reach $34,158.6 โ€ฆ
According to a recent report published by Allied Market Research, titled, "Automotive Door Panel Market by Mode of Operation, Vehicle Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global automotive door panel market was valued at $24,115.1 million in 2017, and is projected to reach at $34,158.6 million by 2025, growing at a CAGR of 4.4% from 2018 to 2025. ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ - https://www.alliedmarketresearch.com/request-sample/5186 Significant rise inโ€ฆ
Strategic Heights : Semiconductor in Military and Aerospace Market Projections to Reach $12.9 Billion by 2031
Strategic Heights : Semiconductor in Military and Aerospace Market Projections t โ€ฆ
Allied Market Research published a report, titled, "Semiconductor in Military and Aerospace Market by Component (Sensors, Memory, Opto Electronics, Logic, Micro, Analog, and Others), Technology (Surface Mount Technology and Through-Hole Technology), End Use (Military and Aerospace), and Application (Communication, Navigation, Global Positioning System (GPS) and Surveillance, Imaging, Radar and Earth Observation, Munitions, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global semiconductor in theโ€ฆ
Wiring the Future : Automotive Wiring Harness Market Forecasted to Reach $73.71 Billion by 2030
Wiring the Future : Automotive Wiring Harness Market Forecasted to Reach $73.71 โ€ฆ
According to a recent report published by Allied Market Research, titled, "Automotive Wiring Harness Market by Material, Propulsion, Vehicle Type, Voltage, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global automotive wiring harness market was valued at $47,618.0 million in 2020, and is projected to reach $73,713.8 million by 2030, registering a CAGR of 4.6% from 2021 to 2030. ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ, ๐ซ๐ž๐ฌ๐ญ๐ซ๐š๐ข๐ง๐ญ๐ฌ, ๐š๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ- Rise in adoption of electric vehicles, developmentโ€ฆ

All 5 Releases


More Releases for Malt

Global Malt Beverages Market 2020 Future Trends - Asahi Breweries Malt Beverages โ€ฆ
The โ€œMalt Beverages Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016โ€“2024โ€ A fundamental outline of the Malt Beverages niche is presented by the Malt Beverages report that entails definitions, classifications, applications together with industry chain framework. The Malt Beverages report provides a far-reaching evaluation of necessary market dynamics and the latest trends. It also highlights the regional market, the prominent market players, as well as several marketโ€ฆ
What's Driving the Malt Powder Market Growth? Continental Milkose, Malt Company, โ€ฆ
The Malt Powder Market report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. The report provides an overall analysis of the market based on types, applications, regions, and for the forecast period from 2020 to 2026. It also offers investment opportunities and probable threats in the market based on an intelligent analysis. This report focuses on the Global Malt Powder Market trends, futureโ€ฆ
Global Malt Beverages Market 2020 | Asahi Breweries Malt Beverages, Ceres Brewer โ€ฆ
The Global Malt Beverages Market report focuses market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Malt Beverages Market development in worldwide. The report offers a precise evaluation of market size, share, demand, revenue, and growth rates. It presents current trends in the global market and projects the revenue and potential developments of key players. The report contains reviews of theโ€ฆ
Malt Beverages Market | Ceres Brewery Malt Beverages, Guinness Nigeria Malt Beve โ€ฆ
Global Malt Beverages Market: Overview The demand graph of the global malt beverages market has been escalating on account of the growing consumption of beverages and shakes across several regions. Malt beverages refer to fermented drinks that consist of the seeds of barley plants, and these drinks are believed to serve commendable nutritional benefits to individuals. The manufacture of malt beverages is gradually picking up pace as a large number ofโ€ฆ
Malt Beverages Market - Product Drawbacks 2028 | Ceres Brewery Malt Beverages, G โ€ฆ
Global Malt Beverages Market: Overview The demand graph of the global malt beverages market has been escalating on account of the growing consumption of beverages and shakes across several regions. Malt beverages refer to fermented drinks that consist of the seeds of barley plants, and these drinks are believed to serve commendable nutritional benefits to individuals. The manufacture of malt beverages is gradually picking up pace as a large number ofโ€ฆ
Malt Beverages Market Outlook and Forecasts 2018 to 2025 and Key Players: Anheus โ€ฆ
The โ€œGlobal Malt Beverages Analysis to 2025โ€ is a specialized and in-depth study of the Malt Beverages industry with a focus on the global market trend. The report aims to provide an overview of global Malt Beverages with detailed market segmentation by component, type, application and geography. The global Malt Beverages market is expected to witness high growth during the forecast period. The report provides key statistics on the marketโ€ฆ