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Scottish Whisky Market Analysis

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Scottish Whisky Market Analysis

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker   Scottish Whisky Market- 2017-2027    Definition of Market/Industry:  Scottish whisky is a malt whisky, which is made up of grains. Originally,             Scottish whisky was processed using barley, but around 18​th century, wheat and           rye-based Scottish whisky was made. On the basis of product type, Scottish           whisky is segmented into single malt, blended malt, blended, single grain,           blended grain, and organic whisky. Furthermore, on the basis of price range,           Scottish whisky market can be segmented into premium, high end premium,           and super premium.                                                                                     

  2.   Statistics:  Scottish whisky market was valued at US$ 4.97 Bn in 2018, and it is expected to             reach US$ 7.89 Bn by the end of 2027, exhibiting a CAGR of 5.3% during the                 forecast period (2019 to 2027).                                      Drivers:  Several health benefits associated with consumption of Scottish whisky is         expected to drive the market growth during the forecast period. For instance,             Scottish whisky contains high levels of elegiac acid, which is an antioxidant           compound that prevents the body against cancer. Furthermore, Scottish whisky           also reduces the risk of stroke, helps prevent diabetes, and lowers the risk of               dementia. These factors are expected to boost demand for Scottish whisky           among health conscious people, globally.                                                                            Statistics:  Figure 1. Global Scottish Whisky Market Share (%), By Region, 2018    Market Restraints 

  3. Stringent government regulations about the production and processing of       Scottish whisky are expected to hamper growth of the global Scottish whisky           market over the forecast period. For instance, according to the Government of             U.K., the Scotch Whisky Regulations 2009 came into force from 23​rd November           2009, which includes regulations related to the production, labelling,         advertising, and packaging of Scottish whisky.                                                                Furthermore, side effects related to excessive consumption of Scottish whisky           are expected limit demand for Scottish whisky globally. Side effects such as           ulcers and nerve damage, among others are a few long term side effects of over           consumption of alcohol.                                              Market Opportunities & Trends  The market players within the Scottish whisky market are focusing on           development of single cask bottling, owing to change in buying behavior of           customers. Independent bottlers are experimenting with bottling at cask         strength, maturing with different kinds of cask types such as rum casks or wine           casks. Furthermore, there is an increasing trend of younger distillations bottled           as single cask whisky in the market. The trend is attributed to the fact that               independent bottlers are running out of finances, as long matured whisky are           rare and expensive. The players within the market are also willing to offer high             quality bottling at a lower price range.                                                                                                                   Figure 2. Global Scottish Whisky Market, By Distribution Channel    Competitive Section:  Company Names  

  4. ● Diageo Plc.  ● Pernod Ricard  ● William Grant and Sons Ltd.  ● Bacardi Limited  ● Bowmore Distillery  ● Suntory Beverage & Food Limited  ● Brown-Forman Corporation  ● LVMH  ● Isle of Arran Distillery  ● La Martiniquaise  ● The Edrington Group  Recent Developments  Diageo Plc.  ● In November 2019, Diageo launched a new artificial intelligence-based  whisky selector, which is helpful in selecting single malt scotch whiskeys  for the consumers based on their individual tastes. This device can be  accessed from all smartphones or electronic devices, which are  connected through internet. This mobile application is named as “what’s  your whisky” and uses innovative FlavorPrint Technology.  Bowmore Distillery  ● In November 2019, Bowmore Islay Single Malt Scotch Whisky became an  exclusive spirits partner of Aston Martin Lagonda. These two British  luxury brands came into collaboration for creating an exclusive series of  outstanding products and experiences by selling Scotch whisky to its  customers.  Brown-Forman Corporation  In April 2016, Brown-Forman Corporation acquired BenRiach Distillery         Company for around US$ 312 million. With this acquisition, three single           malt Scotch whisky brands would be added to the whisky portfolio of the                                              

  5. company namely - The GlenDronach, BenRiach, and Glenglassaugh. This         acquisition would help the company to re-enter into the industry’s growth           segment- single malt Scotch whisky.                          1. Request Sample Report 2. Download PDF Brochure 3. Request Customization 4. Talk to Analyst Reference https://www.coherentmarketinsights.com/market-insight/scottish-whisky-market-3476 About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. What we provide: •​Customized Market Research Services •​Industry Analysis Services •​Business Consulting

  6. Services •​Market Intelligence Services •​Long term Engagement Model •​Country Specific Analysis Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com Thank You! Kindly follow CMI Social Media Profiles for the latest company updates

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