EIN Presswire

Whiskey Market Share to Reach $86.38 Bn, by 2027 at 4.9% CAGR: Bacardi, Pernod Ricard, William Grant & Sons, etc

WILMINGTON, DE, UNITED STATES, November 17, 2024 /EINPresswire.com/ — The market is expected to exhibit an incremental revenue opportunity of $26.7 billion from 2020 to 2027. The market growth is propelled by the rise in demand for whiskey as a result of rise in preference for premium brands. The rising demand for high-premium whiskeys as a result of change in consumer tastes, rise in standard of living globally and inclination toward innovate products is expected to drive the growth of the global whiskey market size.

Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/7017

Frontrunners in the industry-

Pernod Ricard
Bacardi Limited
Beam Suntory, Inc.
Asahi Group Holdings, Ltd.
The Brown–Forman Corporation
Loch Lomond Distillers Ltd.
William Grant & Sons Ltd,Diageo plc.
Constellation Brands, Inc.
La Martiniquaise

The global whiskey industry was estimated at $59.63 billion in 2019, and is expected to hit $86.38 billion by 2027, registering a CAGR of 4.9% from 2020 to 2027.

Buy This Report (263 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/260df6736d57c8536cdbaa64acd9f699

The scotch whiskey segment to dominate by 2027-

Based on product type, the scotch whiskey segment contributed to more than two-fifths of the global whiskey market share in 2020 and is projected to rule the roost by the end of 2027. Its rich and smooth flavor drives the growth of the segment. Also, the fact that scotch whiskey is used as a mixer in cocktails has further expanded the market base among young consumers. The Canadian whiskey segment, on the other hand, would portray the fastest CAGR of 6.6% from 2020 to 2027.This is attributed to its affordability and unique texture.

Request For Customization: https://www.alliedmarketresearch.com/request-for-customization/7017

The off-trade segment to lead the trail during the estimated period-

Based on distribution channel, the off-trade segment accounted for more than half of the global whiskey market revenue in 2020 and is anticipated to retain its dominance by 2027. Rise in sales promotions through in-store strategies such as price off promotions, tastings for selective products and others fuels the segment growth. Simultaneously, the on-trade segment would manifest the fastest CAGR of 5.4% throughout the forecast period. Rapid urbanization, surge in consumer expenditure, and increase in global young–adult demographic have led to an upsurge in the on-trade sales channel for the whiskey market, thereby boosting the segment growth.

Speak With Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/7017

Europe, followed by North America, to maintain the lead status-

Based on geography, Europe held the major share in 2020, garnering around one-third of the global whiskey market. This is due to huge popularity and substantial consumption of alcohol in the province. Simultaneously, Asia-Pacific would grow at the fastest CAGR of 6.0% during the study period, owing to rapid demand and acceptance of whiskey for social drinking in the region. However, North America would register a CAGR of 4.5% till 2027.

Similar Reports:

Beta Glucan Market: https://www.alliedmarketresearch.com/beta-glucan-market-A06680

Packaged Salad Market: https://www.alliedmarketresearch.com/packaged-salad-market-A06587

Drip Irrigation Systems Market: https://www.alliedmarketresearch.com/drip-irrigation-systems-market-A06388

Matcha powder market: https://www.alliedmarketresearch.com/matcha-powder-market

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

article

Bài Viết Bạn Nên Xem

Back to top button