Press release
Whisky Market Research 2024-2033: Outlook, Overview, and Competitor Analysis
Whisky Market Research
According to The Business Research Company's, The whisky market size has grown steadily in recent years. It will grow from $58.97 billion in 2023 to $61.51 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to cultural and lifestyle trends, globalization and international trade, premiumization and luxury branding, craftsmanship and tradition, innovation in flavors and blends..
The whisky market size is expected to see steadily grown in the next few years. It will grow to $71.85 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to emerging markets and rising middle class, e-commerce and digital marketing, exploration of new ingredients, environmental sustainability practices, rising interest in collectibles and limited editions.. Major trends in the forecast period include blurred lines with other spirit categories, limited edition releases and collectibles, cask strength and non-chill filtering preferences, e-commerce and direct-to-consumer sales, cultural and heritage storytelling..
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/whisky-global-market-report
Market Drivers and Trends:
The increasing whisky consumption is expected to propel the growth of the whisky market going forward. Whisky has been consumed for its health benefits, rich flavor, and cultural significance. Whisky has numerous health benefits, including lowering the risk of heart disease, stroke, and cancer, and it also contains antioxidants that aid in the fight against free radicals. Drinking whisky can also improve cognitive function, aid digestion, and reduce stress. Furthermore, whisky is low in carbohydrates and can be an excellent choice for those on a low-carb diet. For instance, in March 2023, according to a report by the Distilled Spirits Council of the United States, a US-based national trade association, American Whisky exports increased by 32% to $1.28 billion in 2021. Therefore, increasing whisky consumption drives the whiskey market.
Product innovation is a key trend gaining popularity in the whisky market. Major companies operating in the whisky market are introducing new innovative products to sustain their position in the market. Innovation is key to attracting new drinkers to the whisky category, especially younger consumers. For instance, in October 2022, Allied Blenders and Distillers Ltd., an India-based alcohol company, launched two innovative whiskies, Srishti Premium Whisky, and Sterling Reserve B7 Whisky Cola Mix. Srishti Premium Whisky is a blend of rare scotch malts paired with fine Indian grain spirits and its unique addition of curcumin. Sterling Reserve B7 Whisky Cola Mix is the award-winning whisky blend infused with cola to add a zing to every drinking occasion.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9622&type=smp
Major Key Players of the Market:
Diageo plc; Bacardi Limited; William Grant & Sons Ltd.; The Edrington Group Limited; Beam Suntory Inc.; Brown-Forman Corporation; Whyte & Mackay Limited; Inver House Distillers Limited; LVMH Moët Hennessy Louis Vuitton SE; Loch Lomond Distillery Company Limited; Asahi Group Holdings Ltd.; Pernod Ricard SA; Chivas Brothers Limited; La Martiniquaise Co.; Belvedere SA; Allied Blenders and Distillers Pvt Ltd.; Red Brick Brewing Company LLC; Suntory Beverage & Food Limited; Constellation Brands Inc.; Heaven Hill Distilleries Inc.; Canadian Mist Distillery Ltd.; Forty Creek Distillery Ltd.; Glenora Distillers International Ltd.; Hood River Distillers Inc.; Pemberton Distillery Inc.; Corby Distilleries Limited; Sazerac Company Inc.; Tomintoul Distillery Ltd.; Tormore Grain Scotch Whisky; The English Whisky Co. Ltd.; Sacred Spirits Company Ltd.; Bimber Distillery Ltd.; East London Liquor Company Limited; Cotswolds Distillery Ltd.; The Lakes Whiskymakers Ltd.; Oxford Rye Whisky Ltd.; Ole Smoky Distillery LLC; McCormick Distilling Company; Clifford Distilling LLC; Archie Rose Distilling Co. Pty Ltd.; Hellyers Road Distillery Pty Ltd.; Hoochery Distillery Pty Ltd.; Lark Distillery Pty Ltd.; Timboon Railway Shed Distillery Pty Ltd.; Kirin Holdings Company Limited
Whisky Market 2024 Key Insights:
• The whisky market size will grow to $71.85 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%.
• Growing Whisky Consumption Fuels Expansion In The Whisky Market
• Innovation Elevating The Whisky Market
• North America was the largest region in the whisky market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9622&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
"""Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
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 Whisky Market Research 2024-2033: Outlook, Overview, and Competitor Analysis here
News-ID: 3760028 • Views: …
More Releases from The Business research company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Whisky
DŌAAB India Craft Whisky Crowned 'India Whisky of the Year 2025' On the Global …
New Delhi, June 09, 2025 - In a landmark achievement for Indian spirits, DŌAAB India Craft Whisky has emerged as a global symbol of excellence, being awarded Gold with an exceptional 95 points at the Berlin International Spirits Competition 2025, where it was also bestowed with the coveted title of "India Whisky of the Year 2025."
This milestone triumph underscores DŌAAB's commitment to redefining the Indian whisky narrative through a seamless…
Shaping the Whisky Market in 2025: Innovation Elevating The Whisky Market
How Big Is the Whisky Market Expected to Be, and What Will Its Growth Rate Be?
The size of the whiskey market has seen a consistent escalation in recent times. From a valuation of $68.37 billion in 2024, it is anticipated to surge to $71.66 billion by 2025, scaling at a Compound Annual Growth Rate (CAGR) of 4.8%. This past growth pattern can be tied back to cultural and lifestyle shifts,…
Japanese Whisky Market Size Predicted to Increase at a Positive CAGR | Chichibu …
The ' Japanese Whisky market' research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Japanese Whisky market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Japanese Whisky market size forecast, market…
SCOTTISH SPIRITS PRESENTS ‘’ARKAY’’ WHISKY ALTERNATIVE
Laredo, Texas, October 16, 2021
Scottish Spirits and the Scottish Spirits Association presents Arkay the world’s first alcohol free whisky alternative.
Arkay is offering consumers a healthier non-alcoholic version of whisky, while at the same time continuing to provide the same color, smell, and taste of the alcoholic version.
OUR FORMULA
It took 10 years to our master mixologist to create and perfect the formula for Arkay whisky alternative, by blending flavors of caramel,…
Malt Whisky Market to Witness Huge Growth | Major Giants Aberlour Whisky, Glenmo …
Latest Strategic Study Released on Global Malt Whisky Market forecast to 2027, the report comprises of historical data and estimation of the Global Malt Whisky Market. The Industry is showing continuous progress with a noteworthy rise in the Compound Annual Growth Rate (CAGR) during the forecast period owing to various factors driving the market. Some of the main players included in this research study are "Jura, Bowmore, The Macallan, Bunnahabhain,…
Whisky Market Analysis 2020, Industry Demand, Size, Growth Rate, Forecast 2026, …
Global Whisky Market 2020 is an all-inclusive, proficient report provides an in-detail analysis of extensive drivers, challenges, restraints, opportunities, present market trends and approach influencing the Whisky industry together with projections and forecast to 2026. Whisky research study covers processing technique, investment plan, services as well as network management.
Available 20% Discount till Limited Period
Access The Complete Report Whisky spread across 93 pages and supported with tables and figures is now…
