Global Luxury Whisky Market Growth 2023-2029

Global Luxury Whisky Market Growth 2023-2029

The global Luxury Whisky market size is projected to grow from US$ 15480 million in 2022 to US$ 28300 million in 2029; it is expected to grow at a CAGR of 9.0% from 2023 to 2029.

Growing global demand: The luxury whisky market has experienced significant growth in recent years, driven by increasing demand from emerging markets such as China, India, and Southeast Asia. Whisky has become a symbol of prestige and status in these regions, leading to a surge in consumption.

Limited editions and rare releases: Whisky enthusiasts have shown a strong interest in limited-edition and rare whiskies. Distilleries have responded by releasing special bottlings, single cask releases, and limited-edition expressions, often with unique finishes or aged for extended periods. These limited releases appeal to collectors and investors and create excitement in the market.

Focus on craftsmanship and provenance: Consumers are becoming more interested in the production processes, craftsmanship, and heritage behind luxury whiskies. They appreciate distilleries with rich histories and traditional production methods. Brands that emphasize their craftsmanship and highlight their unique production techniques and aging processes have gained popularity.

Whisky as an investment: Luxury whiskies have gained attention as alternative investments. Some rare and collectible bottles have appreciated significantly in value over time, attracting investors who see whisky as a tangible asset with potential returns. Whisky auctions and dedicated investment funds have emerged to cater to this growing interest.

Experiential marketing: Whisky brands have focused on creating immersive experiences for consumers, allowing them to engage with the brand and its products in unique ways. Distillery tours, tastings, and whisky festivals have become popular, providing enthusiasts with opportunities to learn, explore, and discover new expressions.

Luxury whisky, often referred to as "luxury spirits," represents the highest quality and most prestigious whiskies available on the market. These whiskies are typically crafted using exceptional ingredients, traditional distillation methods, and often aged for an extended period to develop complex flavors and aromas.

LPI (LP Information)' newest research report, the “Luxury Whisky Industry Forecast” looks at past sales and reviews total world Luxury Whisky sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Whisky sales for 2023 through 2029. With Luxury Whisky sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Whisky industry.

This Insight Report provides a comprehensive analysis of the global Luxury Whisky landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luxury Whisky portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Luxury Whisky market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Whisky and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Whisky.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Whisky market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Irish Whiskey
Scotch Whisky
American Whiskey
Canadian Whisky
Japanese Whisky
Rye Whiskey

Segmentation by application
Offline Sales
Online Sales

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Diageo
Pernod Ricard
Suntory
Brown Forman
Rémy Cointreau
Bacardi
ThaiBev
Edrington Group
William Grant&Sons
Constellation Brands
Henkell-freixenet

Key Questions Addressed in this Report

What is the 10-year outlook for the global Luxury Whisky market?

What factors are driving Luxury Whisky market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Luxury Whisky market opportunities vary by end market size?

How does Luxury Whisky break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.