Press release
Global Whiskey Market Size 2024-2032: Share, Demand Future Growth, Competitive Landscape and Major Players - Diageo plc, Bacardi Limited, Suntory Beverage & Food Limited, Pernod Ricard, The Brown-Forman Corporation
Whiskey Market
Is the whiskey market growing?
The global whiskey market size reached US$ 67.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 109.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/whiskey-market/requestsample
Factors Affecting the Growth of the Whiskey Industry:
• Consumer Preferences Shift:
The whiskey industry is experiencing robust growth, largely due to shifting consumer preferences toward premium and artisanal spirits. A rising interest in unique, high-quality whiskey with distinct flavor profiles and heritage has led to an increased demand for small-batch and craft whiskies. Consumers are more knowledgeable and eager to explore different whiskey styles from various regions, driving diversification and innovation within the industry. This trend toward premiumization reflects a broader shift in consumer behavior, favoring quality and authenticity over quantity.
• Globalization and Market Expansion:
The globalization of the whiskey market has significantly contributed to its growth. As whiskey becomes increasingly popular in non-traditional markets, distilleries are expanding their reach beyond their domestic borders. This expansion is facilitated by strategic marketing, trade agreements, and the advent of e-commerce, allowing consumers worldwide access to a wide range of whiskey products. Emerging economies, with their growing middle classes and rising disposable incomes, have become key growth areas. This global footprint not only diversifies the consumer base but also encourages cultural exchanges and the fusion of flavors and distilling techniques.
• Technological Advancements in Production:
Technological advancements in distillation, aging, and blending processes have played a crucial role in the growth of the whiskey industry. Innovations in production techniques have allowed distillers to enhance the quality of whiskey, experiment with new flavors, and reduce production times. The use of computer-controlled distillation processes, innovative aging methods such as the use of different wood types for barrels, and precise blending techniques contribute to the creation of unique and complex whiskey profiles. These advancements support the ability of the industry to meet the growing demand for high-quality whiskey, fostering growth and product diversity.
Leading Companies Operating in the Global Whiskey Industry:
• Diageo plc
• Bacardi Limited
• Suntory Beverage & Food Limited
• Pernod Ricard
• The Brown-Forman Corporation
• Asahi Group Holdings Ltd
• William Grant & Sons Holdings Ltd
• The Edrington Group
• Allied Blenders and Distillers Pvt Ltd
• Constellation Brands
• La Martiniquaise
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/whiskey-market
Whiskey Market Report Segmentation:
By Product Type:
• American Whiskey
• Irish Whiskey
• Scotch Whiskey
• Canadian Whiskey
• Others
Scotch whiskey represents the largest segment due to its longstanding global reputation for quality, tradition, and its wide range of flavors that appeal to diverse consumer tastes.
By Quality:
• Premium
• High-End Premium
• Super Premium
Premium whiskey accounts for the largest market share as the consumers increasingly seek out higher-quality spirits that offer unique flavors and superior drinking experiences, reflecting a broader trend toward luxury and premiumization in consumer goods.
By Distribution Channel:
• Off-Trade
o Supermarkets and Hypermarkets
o Discount Stores
o Online Stores
o Others
• On-Trade
o Restaurants and Bars
o Liquor Stores
o Others
Off-trade channel dominates the market as it enables consumers to purchase whiskey from supermarkets, liquor stores, and online platforms, offering convenience, a wide selection, and competitive pricing compared to on-trade venues like bars and restaurants.
Regional Insights:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Europe's dominance in the whiskey market is attributed to its rich whiskey-making heritage, particularly in countries like Scotland and Ireland, coupled with a strong domestic and international demand for European whiskey varieties.
Global Whiskey Market Trends:
The global whiskey market is witnessing significant growth, driven by increasing consumer demand for premium and super-premium whiskey products. This trend is fueled by a growing appreciation for craft and artisanal whiskey varieties, alongside a robust expansion in emerging markets.
Innovations in flavor profiles, aging processes, and packaging are further propelling the market forward, attracting a diverse consumer base. Additionally, the rise of cocktail culture and the social prestige associated with whiskey consumption have contributed to its heightened popularity. With the expansion of distribution channels, including online retail, access to a variety of whiskey products has never been easier, supporting the market's upward trajectory.
Browse Other Research Report:
Dry Beans Market Size in 2023 : Growth Opportunities and In-Depth Industry Outlook 2028 : https://www.linkedin.com/pulse/dry-beans-market-size-2023-growth-opportunities-in-depth-vik-chauhan-6fqdc/
Mung Beans Market Size, Share, Growth Opportunities and Forecast Report 2023-2028 : https://www.linkedin.com/pulse/mung-beans-market-size-share-growth-opportunities-forecast-chauhan-dylpc/
Online Travel Market Share, Analysis and Forecast Report for 2024-2032 : https://marketnewsreports.quora.com/Online-Travel-Market-Share-Analysis-and-Forecast-Report-for-2024-2032-IMARC-Group-a-leading-market-research-company?ch=10&oid=149812985&share=475f84b5&srid=hWViNp&target_type=post
Unveiling the Sweet Side of Natural Sweeteners: Exploring Market Size, Share, and Growth Trends from 2024 to 2032 : https://foodandbevergesmarket.quora.com/Unveiling-the-Sweet-Side-of-Natural-Sweeteners-Exploring-Market-Size-Share-and-Growth-Trends-from-2024-to-2032-IMARC?ch=10&oid=149814275&share=3ac8f485&srid=hWViNp&target_type=post
Exploring Future Growth in the Technical Foam Market: A Comprehensive Report 2023-2028 : https://www.linkedin.com/pulse/exploring-future-growth-technical-foam-market-report-vik-chauhan-bxsqc/
Water Enhancer Market Share, Analysis, Report 2023-2028 : https://www.linkedin.com/pulse/water-enhancer-market-share-analysis-report-2023-2028-vik-chauhan-hv1jc/
Artificial Cornea and Corneal Implant Market Growth Drivers, Opportunities and Report Outlook 2024-2032 : https://www.linkedin.com/pulse/artificial-cornea-corneal-implant-market-growth-drivers-vik-chauhan-dzgjc/
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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 Global Whiskey Market Size 2024-2032: Share, Demand Future Growth, Competitive Landscape and Major Players - Diageo plc, Bacardi Limited, Suntory Beverage & Food Limited, Pernod Ricard, The Brown-Forman Corporation here
News-ID: 3387131 • Views: …
More Releases from IMARC Group
Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw …
Automotive control cables are essential components used to transmit mechanical force in vehicles, enabling the smooth operation of various systems such as brakes, clutches, accelerators, gear shifts, and seating mechanisms. These cables are designed for durability, flexibility, and high performance under diverse driving conditions. Their demand is directly linked to the growth of the automotive industry, aftermarket sales, and increasing consumer preference for enhanced driving comfort and safety.
Setting up an…
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025- …
IMARC Group, a leading market research company, has recently released a report titled "Halal Cosmetics Market Size, Share, Trends and Forecast by Type, Distribution Channel, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the global halal cosmetics market size, trends, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Halal Cosmetics Market Highlights:
• Halal Cosmetics Market…
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Econ …
Castor oil is a versatile vegetable oil extracted from the seeds of the Ricinus communis plant. It is widely used in pharmaceuticals, cosmetics, food processing, lubricants, paints, coatings, and biodiesel production owing to its unique chemical properties, including high ricinoleic acid content. Castor oil derivatives also serve as key raw materials in the polymer, chemical, and industrial sectors.
Establishing a castor oil processing plant involves steps such as seed cleaning, dehulling,…
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and M …
Honey is a natural sweetener produced by honeybees and is valued for its nutritional, medicinal, and industrial applications. It contains antioxidants, enzymes, vitamins, and minerals that make it a popular ingredient in food and beverages, pharmaceuticals, cosmetics, and personal care products. Processed honey is widely consumed as a sweetener, used in bakery and confectionery items, beverages, dietary supplements, and skincare formulations.
Setting up a honey processing plant involves operations such as…
More Releases for Whiskey
Peanut Butter Whiskey Market May Set New Growth Story | Skatterbrain, Skrewball …
HTF MI recently introduced Global Peanut Butter Whiskey Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market size (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major Companies in Peanut Butter Whiskey Market are: Skrewball Whiskey (United States), Skatterbrain (United States), Hard Truth (United States), Ole Smoky Distillery…
Discover the Ultimate Whiskey Experience with a Whiskey Subscription Box
Whiskey enthusiasts, rejoice! Imagine having the world's finest whiskeys delivered straight to your doorstep, curated to match your unique palate and preferences. With a whiskey subscription box, you can turn this dream into reality and embark on a flavorful journey that takes you across distilleries, regions, and styles, all without leaving the comfort of your home.
Why Choose a Whiskey Subscription Box?
Curated Selections: Each box is thoughtfully curated by whiskey experts…
Whiskey Market
The "Whiskey Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Whiskey Market, 2024-2031
Verified Market Research's most recent report, "Whiskey Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination of the industry…
Flavored Whiskey Market May See a Big Move | Pernod Ricard, Diageo plc, Beach Wh …
Advance Market Analytics published a new research publication on "Flavored Whiskey Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Flavored Whiskey market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Irish Whiskey Market Is Booming Worldwide | Beam Suntory, Brown-Forman, Teeling …
The Latest research study released by AMA "Worldwide Irish Whiskey Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research are…
Global Whiskey Market by Types (Scotch Whisky, US Whiskey, Canadian Whiskey, Iri …
The research team projects that the Whiskey market size will grow from XX in 2020 to XX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027.
Global Whiskey Market Overview
Global Whiskey Market Research Report offers great insights into the market and consumer data and their interpretation through various figures and graphs. Whiskey is…
