Global Luxury Whiskey Market 2024-2028
Global Luxury Whiskey Market 2024-2028
The luxury whiskey market is forecasted to grow by USD 746.9 mn during 2023-2028, accelerating at a CAGR of 5.29% during the forecast period. The report on the luxury whiskey market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in whiskey-based tourism, increasing demand for premium single-malt whiskey, and changes in lifestyle and increasing disposable income.
Technavio's luxury whiskey market is segmented as below:
- By Product Type
- Scotch whiskey
- American whiskey
- Japanese whiskey
- Irish whiskey
- Others
- By Distribution Channel
- Off-trade
- On-trade
- By Geographical Landscape
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the growing development on product innovation and launch of luxury whiskey as one of the prime reasons driving the luxury whiskey market growth during the next few years. Also, increasing focus on sustainability and eco-friendly luxury whiskey production methods and increasing acquisitions and collaborations with distillers and luxury brands will lead to sizable demand in the market.
The report on the luxury whiskey market covers the following areas:
- Luxury whiskey market sizing
- Luxury whiskey market forecast
- Luxury whiskey market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury whiskey market vendors that include Allied Blenders and Distillers Pvt. Ltd., Angus Dundee Distillers Plc, Asahi Group Holdings Ltd., Bacardi Ltd., Brown Forman Corp., Campari Group, Constellation Brands Inc., Diageo, John Distilleries Pvt. Ltd., KAIYO JAPANESE MIZUNARA OAK WHISKY, Kirin Holdings Co. Ltd., La Martiniquaise-Bardinet, Luxco Inc., LVMH Group., Pernod Ricard SA, Piccadily Distilleries, Suntory Holdings Ltd., The Edrington Group Ltd., Whyte and Mackay Ltd, and William Grant and Sons Ltd. Also, the luxury whiskey market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.