Global Food Industry

11-jun-19 The market is anticipated to witness a CAGR of 6.4% during the forecast period on account of rising product consumption across the globe. Growing product usage in the artistic preparation of alcoholic drinks is the key factor driving the industry. Blended whiskey is likely to remain the most lucrative product segment over the forecast period due to ongoing experimental activities to produce innovative drinks. The market has also experienced a high demand for rye-based and single- and double-malt whiskey rich in new flavors. Use of malt whiskey in cocktail formulation is anticipated to increase the demand further. The segment is predicted to experience a steady CAGR over the next few years. The overall whiskey market has witnessed a shift from branded and premium drinks to super-premium and high-end premium drinks produced by skilled craftsmen using traditional processes. High-end premium segment is likely to witness considerable growth due to market consolidation and...

In 2015, the global whiskey market was the third largest segment and also the fastest growing segment in the global spirits market and is expected to register a CAGR of more than 5% between 2016 and 2020. The demand for premium whiskey is on the rise, especially in major markets such as the UK and the US, and is one of the key drivers of the global whiskey market. Balblair Highland Single Malt Scotch Whisky 1999, Hudson Baby Bourbon Whiskey, and Suntory Yamazaki Distillers Reserve Single Malt Whisky are some of the famous brands of premium whiskey. The growing popularity and demand for Irish whiskey and American bourbon is another major trend driving the growth of the whiskey market globally Product segmentation and analysis of the global whiskey market Scotch whisky US whiskey Canadian whisky Irish whiskey Other whiskey (Indian whiskey, national whiskey, Spanish whiskey, and Japanese whiskey) In 2015, the whiskey market was dominated by the other whiskey segment, acc...