The Global Whiskey Market is Forecast to Reach a Market Value of $7.4 Billion by 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 24, 2018--The “Global Whiskey Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global whiskey market is expected to reach USD 7.4 billion by 2023, registering a CAGR of 5.3% during 2018-2023 (forecast period).
The global whiskey market is driven by the changing lifestyles, consumption habits of whiskey, high disposable income, growing affordability of whiskey, and increasing demand for premium whisky.
However, there are a few restraints slowing down the pace of the industry, such as heavy taxation, legal regulations by the governments, health issues related to whiskey consumption and increasing number of consumers preferring alternatives such as wine and beer.
As per the whiskey industry, there are some good opportunities in the market, such as innovative organic whiskey products, and an opportunity to penetrate the different geographies and demography.
By product types, whiskey can be classified into malt, wheat, rye, corn, blended, and others. Out of all these sub-categories, blended whiskey has 79% of the market share.
By quality of whiskey products, the market can be divided into premium whiskey, high-end premium whiskey, and super premium whiskey. Premium whiskey is in demand and has the largest share of the whiskey market by quality.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesAllied Blenders & Distillers Bacardi Ltd. Beam Suntory Brown Forman Chivas Brothers Diageo John Distilleries Johnnie Walker La Martiniquaise Pernod Ricard SA Red Brick Brewing Company The Edrington Group United Spirits Ltd. William Grant & Sons
For more information about this report visit https://www.researchandmarkets.com/research/224hgz/the_global?w=4
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INDUSTRY KEYWORD: RETAIL WINE & SPIRITS
SOURCE: Research and Markets
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PUB: 08/24/2018 03:04 PM/DISC: 08/24/2018 03:04 PM