IMARC Group, a leading market research company, has recently releases report titled “Whiskey Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global whiskey market share, growth, size, trends, Opportunities and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the Whiskey market?

Whiskey refers to an alcoholic liquor that is manufactured from a fermented mash of grain, such as barley, rye, wheat, and corn. It is widely available as blended, single malt, Irish, scotch, bourbon, Canadian, rye, Japanese, and Tennessee whiskey. It is a rich source of phosphorus, thiamine, zinc, iron, and niacin. It assists in improving the immune system, promoting weight loss, and reducing stress levels and blood clotting. Besides this, it aids in lowering the risk of dementia and Alzheimer’s disease, lowering diabetes risk, and preventing the growth of cancerous cells. As a result, whiskey is consumed by individuals in households, hotels, restaurants, and cafes across the globe.   

What are the growth prospects and trends in the Whiskey Industry?

Presently, the increasing demand for whiskies among individuals as it lowers the risk the various heart diseases, such as heart failure, stroke, and heart attack, represents one of the primary factors propelling the market growth. Apart from this, the rising demand for whiskies due to the increasing number of bars, pubs, clubs, and cafes across the globe is supporting the market growth.

In addition, the growing demand for premium and original quality whiskies among the masses worldwide is offering a positive market outlook. Additionally, various benefits offered by whiskies, such as the lower risk of obesity, relief from cold or flu, stimulation of stomach enzymes, and reduced bodily inflammation, are bolstering the growth of the market. Furthermore, key players are introducing travel retail exclusive range of whiskies in different varieties, which is strengthening the growth of the market.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• American Whiskey
• Irish Whiskey
• Scotch Whiskey
• Canadian Whiskey
• Others

Breakup by Quality:

•  Premium
•  High-End Premium
•  Super Premium

Breakup by Distribution Channel:

• Off-Trade
  • Supermarkets and Hypermarkets
  • Discount Stores
  • Online Stores
  • Others
• On-Trade
  • Restaurants and Bars
  • Liquor Stores
  • Others

Market Breakup by Region:

• 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

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players. some of the top Whiskey Companies

• 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, etc.

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