Whiskey Market Expected to Grow from $63.88 Billion in 2023 to $97.33 Billion by 2030

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Europe is the dominating region in the global whiskey market. Growing whiskey production and consumption in this region, is propelling the industry during the forecast period.

Whiskey Market size was valued at USD 63.88 Bn in 2023 and is expected to reach USD 97.33 Bn by 2030, at a CAGR of 6.2 %.

Whiskey Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Whiskey Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Whiskey market, with forecasts outspreading to the year 2030.

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Whiskey Market Scope and Methodology:

Maximize market research covers competitive landscape, key competitors and their market shares for better understanding of the industry. The report also discusses new product developments and technology trends. The report provides a detailed overview of the Whiskey market through both quantitative and qualitative analysis. The report aims to help readers develop business strategies and assess their position in the market by providing a comprehensive analysis of the competitive landscape. The purpose of the report is to provide the necessary information to make an informed decision regarding the Whiskey market. In addition, the report delivers information on revenue, sales volume, and average price of the entire market and sub-segments in various segments and regions to assist portable notebook manufacturers, new entrants, and companies involved in the industry chain market.

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Whiskey Market Regional Insights:

In a regional analysis, the Whiskey market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. These regions are classified as corresponding countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia, and South Korea.

Whiskey Market Segmentation:

by Type

Scotch whiskey
American whiskey
Canadian whiskey
Irish whiskey
Others

by Grain Type

Malt
Wheat
Rye
Corn
Others

By Grain Type: With a majority market share, wheat whiskey became the leading contender in the whiskey market in 2023. Wheat whiskey is mostly made in the United States and has a mild, slightly sweet flavor profile due to the minimum amount of wheat required in its composition. Depending on the secondary grains utilized, it can vary in spiciness, but overall it keeps a mildly flavored profile. A.D. Laws Triticum Straight Wheat Whiskey, Dry Fly Straight Washington Wheat Whiskey, and Bernheim Original Wheat are a few notable examples. The growing use of this sector in cocktails is driving its growth and significantly expanding the market.

by Flavor

Unflavored
Flavored (Citrus, Honey, etc)

by Distribution Channel

On-Trade
Off-Trade Distributors
E-Commerce

Distribution Channel: In 2023, the On-Trade distribution channels emerge as the front-runners, taking up more than half of the whiskey market. These outlets, which include pubs, restaurants, and liquor stores, are the main places where customers may enjoy whiskey in a lively and social atmosphere. These locations offer a diverse range of whiskey brands, allowing customers to experience different whiskey expressions. These establishments' welcoming atmosphere and skilled bartenders greatly improve the drinking experience, drawing a constant flow of patrons and increasing revenues in this market.

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Whiskey Market Key Players:

Europe
1. Pernod Ricard SA (France)
2. Diageo (England)
3. Forman Whiskey (Ireland)
4. Johnnie Walker (Scotland)
5. The Edrington Group (Scotland)
6. William Grant & Sons (Scotland)
7. Alko (Helsinki, Finland)
8. Arkell’s Brewery (Swindon, England)
9. Bass Brewery (England)
10. Bacardi Ltd (Bermuda)
11. La Martiniquaise (France)

North America
12. Red Brick Brewing Company (USA)
13. Allagash Brewing Company (USA)
14. Anchor Brewing Company (USA)
15. Beam Suntory (USA)
16. Brown-Forman Corporation (USA)
17. Constellation Brands (USA)

Asia Pacific
18. Accolade Wines (Australia)
19. United Spirits Ltd. (Bangalore, India)
20. Allied Blenders & Distillers (Mumbai, India)
21. Asahi Breweries (Tokyo, Japan)
22. Beijing Red Star Co (China)
23. Asahi Group Holdings Ltd (Japan)
24. Suntory Beverage & Food Limited (Japan)

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Key questions answered in the Whiskey Market are:

  • What is Whiskey?
  • What was the Whiskey market size in 2023?
  • What is the growth rate of the Whiskey Market?
  • What is the CAGR at which the Whiskey market will grow during the forecast period?
  • What are the different segments of the Whiskey Market?
  • Which is the fastest-growing region in the Whiskey market?
  • Which are the factors expected to drive the Whiskey market growth?
  • What growth strategies are the players considering to increase their presence in Whiskey?
  • What are the upcoming opportunities and trends for the Whiskey Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Whiskey Market?
  • What segments are covered in the Whiskey Market?
  • Who are the key players in the Whiskey market?
  • Who are the leading companies and what are their portfolios in Whiskey Market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size Forecast by Different Segment | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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