North America projected to dominate the Global Whiskey Market by 2025

1. Global Whiskey Market anticipated to reach about USD 135 million by 2025 Market overview: The global Whiskey Market was worth USD 84.9 million in 2019, and it is estimated that it will reach a valuation of USD 134.7 million by 2025 with a CAGR of 8.0% during the conjecture period. Whiskey is a type of distilled alcoholic beverage produced from pureed fermented grains. The grains used to produce whiskey from malt can include rye, wheat, barley, and corn. Additionally, this drink is a high-end, profitable product that encourages whiskey makers to launch premium and non-premium whiskey products. Some of the most popular types of whiskey that generate great sales and profits for manufacturers include American Scotch, blended whiskey, Irish whiskey, and grain whiskey. Consuming a moderate amount of whiskey is beneficial to your health and can minimize the risk of heart disease and the occurrence of high or low blood pressure in an individual. Market Drivers and Restrains: Rapid urbanization and emerging middle-class consumers in developing countries are expected to boost whiskey consumption. The strong growth of the global spirits industry will have a positive impact on the expansion of the whiskey business. Increased production of single malt and barrel aged whiskey will have a positive impact on the future distribution of the product. Apart from this, the advancements in the alcoholic beverage manufacturing process along with the increase in the proportion of whiskey breweries will drive the expansion of the worldwide whiskey market during the expected period. Millennials with significant purchasing power are the main consumers in the market. This product uses still-grown grains to blend spices, herbs, and whole grains to enhance taste and flavor. The huge demand for premium and ultra-premium whiskey in both emerging and developed countries will affect the expansion of the whiskey market throughout the projected period. Strong demand for premium and high- quality alcoholic beverages, coupled with growing consumer purchasing power, will boost the outlook for the global whiskey market. Strong GDP growth, especially in the developing countries of Asia Pacific and Latin America, is one of the key aspects supporting business development. An increase in the level of

2. global tourism with the rise of restaurants and bars will increase the share of the whiskey industry. In addition, tourism will support the sale of goods through duty- free shops. Additionally, fluctuations in global demand for premium aged whiskey, coupled with the strong geopolitical impact on product costs, are one of the main challenges in this industry. To know more read: https://www.marketdataforecast.com/market-reports/whiskey-market Report is segmented as: The global whiskey market is segmented on the basis of quality, distribution channel, raw materials and region. By product, the market is segmented into malt, corn, rye, wheat, blends, etc. Depending on the quality, the market is divided into super premium and premium. The market is segmented as distribution channel as on trade and off trade. Geographical Segmentation: During the forecast period, North America is expected to dominate the global whiskey market. This is mainly due to the huge demand for whiskey in the United States, in addition to this, the availability of advanced brewing machines for high quality production has created favorable opportunities for the whiskey market. Canada and Mexico are the other major economies in the mixed products sector in the region. Europe was an important regional market in 2019 with a volume share of 34.8%. The regional market is mainly driven by growing demand from Spain, Belgium, Germany, France, the United Kingdom and Poland. However, the growth of the elderly population in Western Europe may be relatively slow compared to the developing world. Key market players: Major market players include The Edrington Group, Suntory Beverage & Food Limited, The Brown-Forman Corporation, Bacardi Limited, Pernod Ricard, Constellation Brands, Diageo plc, Allied Blenders and Distillers Pvt Ltd., La Martiniquais, Asahi Group Holdings Ltd. There it is. And William Grant & Sons Holdings Ltd.

3. View sample and decide: https://www.marketdataforecast.com/market-reports/whiskey-market/request- sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast

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