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Irish Whiskey Market by Type (Blended, Single malt, Single Pot, Single Grain), Pricing (Mass and Premium), and Sales Channel (On-trade and Off-Trade): Global Opportunity Analysis and Industry Forecast, 2021–2027
| A07457 | Pages: 234 | Apr 2021 | 1496 Views | | |
| Author(s) : Sumesh Kumar , Roshan Deshmukh | Tables: 55 | Charts: 38 | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Request Now !The global Irish whiskey market size was valued at $4,260.0 million in 2019, and is expected to reach $7,677.5 million by 2027 registering a CAGR of 9.2% from 2021 to 2027. North America was the highest revenue contributor, accounting for the highest value share in 2019, and is estimated to grow at a notable CAGR of 9.6%. U.S. was the leading country in terms of Irish whiskey consumption, and is expected to continue this trend during the forecast period.
The Irish whiskey is considered one of the best alcoholic beverages globally. It is made with malted and unmalted barley and then distilled for around 3 years. In distillation, it undergoes fermentation process, where additional enzymes help in processing and conversion to alcohol. It is then distilled thrice for better taste and smoothness. The Irish whiskey is known to fuse perfectly with other drinks as it is smoother than other whiskeys. Furthermore, the Irish whiskey is perfect for making cocktails and shooter recipes. It is very popular in countries such as the U.S., the UK, France, and Germany, owing to factors such as increase in disposable income, bar etiquette, and spirits led tourism.
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The demand for Irish whiskey has remained consistent among buyers. The COVID-19 has adversely affected the market growth worldwide. The decline in the growth of the Irish whiskey market can be attributed to shut down of bars, clubs, and pubs. The decline in the production and the distribution of supply chain impacted the supply of whiskey and led to low sales. However, the manufacturer did not suffer loss on the stock of their alcoholic beverages, which were already in barrels as the longer drinks are in barrels the more the value of drink increases. Also, in the UK, there was not very much change in the consumption of alcoholic beverages by the customer.
The growth of the Irish whiskey market can be attributed to increase in modernization, rise in disposable income, and growth in population. Furthermore, the alcoholic beverages such as whiskey is often a preferred beverage in parties and other public events which also act as the driver for the sales of Irish whiskey worldwide. Furthermore, the unique taste and texture coupled with growing popularity of Irish whiskey among tourists adds to the popularity of the beverage thereby driving the Irish whiskey market growth. However, high cost and low accessibility of Irish whiskey act as the major restraints for the market. On the contrary, innovations in taste and packaging, is expected to provide growth opportunities for the market.
The Irish whiskey market has been segmented on the basis of type, pricing, sales channel, and region. Based on type, single malt Irish whiskey, single-pot Irish whiskey and single grain Irish whiskey. In addition, on the basis of pricing, it is fragmented into Mass and Premium Irish whiskey. Based on sales channel, it is classified into on-trade and off-trade. Furthermore, it includes the revenue generated from the sales of Irish whiskey across North America (the U.S., Canada, Mexico), Europe (Germany, the UK, France, Italy, Spain, Russia and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, Africa, and the rest of LAMEA).
Irish Whiskey Market
By Type
blended Irish whiskey segment was the fastest growing segment.
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Based on type, the blended segment was the largest and the fastest growing segment in 2019. This segment is expected to remain dominant during the forecast period. The single malt segment is projected to grow at a notable CAGR of 9.0% over the forecast period.
Irish Whiskey Market
By Pricing
Premium Irish Whiskey was the fastest growing segment.
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Based on Irish whiskey market analysis by pricing, the premium segment was the largest & the fastest growing segment. It is expected to remain dominant over the forecast period. The growth of this segment is attributed to an increase in the demand and consumption of premium Irish whiskey in developed regions such as Europe and North America.
Irish Whiskey Market
By Sales Channel
Off-trade was the fastest growing segment.
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Based Irish whiskey market forecast by sales channel, the off-trade segment was the largest and the fastest growing segment, and is expected to remain dominant over the forecast period. The growth of this segment can be attributed to growing adoption of party culture and rise in participation of people in nightclubs and bars.
Irish Whiskey Market
By Region
Asia-Pacific was the dominant regional segment
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Region-wise, North America was the largest market in 2019, in terms of revenue generation, garnering almost one-third of the global Irish whiskey market share. The U.S. is further expected to expand at a notable growth rate exhibiting the highest share over the forecast period. However, Asia-Pacific and LAMEA region in the market are expected to witness notable growth during the forecast period. The market growth in these regions can be attributed to large population and growing adoption of alcohol in general.
Key players in the Irish whiskey industry have relied on strategies, such as innovation and business expansion, to expand their market share and to stay competitive in the global market. The key players in the Irish whiskey market profiled in the report include Beam Suntory Inc., Jameson Irish whiskey, Teeling Distillery, The Old Bushmills Distillery Co., Brown-Forman, Diageo, Pernod Ricard, William Grant & Sons, West Cork Distillers, and Knappogue Castle Whiskey.
Key Benefits For Stakeholders
- The report provides a quantitative analysis of the current Irish whiskey market trends, estimations, and dynamics of the market from 2019 to 2027 to identify the prevailing opportunities.
- Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the market size & segmentation assist to determine the prevailing Irish whiskey market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the market.
- The market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players in the Irish whiskey industry.
Key Market Segments
By Type
- Blended
- Single Malt
- Single Pot
- Single Grain
By Pricing
- Mass
- Premium
By Sales Channel
- On-trade
- Off-trade
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Africa
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Africa
- Rest of LAMEA
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits to stakeholders
1.3.Key market Segments
1.4.Research Methodology
1.4.1.Primary Research
1.4.2.Secondary Research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Impact of COVID-19
3.3.Post Impact of COVID-19
3.4.Porter’s five forces analysis
3.4.1.Bargaining power of suppliers
3.4.2.Bargaining power of buyers
3.4.3.Threat of substitution
3.4.4.Threat of new entrants
3.4.5.Intensity of competitive rivalry
3.5.Market Dynamics
3.5.1.Drivers
3.5.1.1.Experimentation and innovation in manufacturing
3.5.1.2.Taste and preference
3.5.1.3.Innovative packaging of the bottles
3.5.2.Restraints
3.5.2.1.Huge taxation on alcoholic beverages
3.5.2.2.Impact of Brexit on Irish whiskey market
3.5.3.Opportunities
3.5.3.1.Emergence of E-commerce
3.5.3.2.Rising demand of premium drinks in Developing countries
CHAPTER 4:IRISH WHIKEY MARKET, BY TYPE
4.1.Overview
4.2.Blended
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by type
4.2.3.Market analysis, by type
4.3.Single malt
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by type
4.3.3.Market analysis, by type
4.4.Single pot
4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by type
4.4.3.Market analysis, by type
4.5.Single Grain
4.5.1.Key market trends, growth factors and opportunities
4.5.2.Market size and forecast, by type
4.5.3.Market analysis, by type
CHAPTER 5:IRISH WHISKEY MARKET, BY PRICING
5.1.Overview
5.2.Mass
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by pricing
5.3.Premium
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by pricing
CHAPTER 6:IRISH WHISKEY MARKET, BY SALES CHANNEL
6.1.Overview
6.2.On-trade
6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by sales channel
6.3.Off-trade
6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by sales channel
CHAPTER 7:IRISH WHISKEY MARKET, BY REGION
7.1.Overview
7.2.North America
7.2.1.Key market trends, growth factor and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by pricing
7.2.4.Market size and forecast, by sales channel
7.2.5.Market size and forecast, by Countries
7.2.5.1.U.S.
7.2.6.Market size and forecast, by type
7.2.7.Market size and forecast, by pricing
7.2.8.Market size and forecast, by sales channel
7.2.8.1.Canada
7.2.9.Market size and forecast, by type
7.2.10.Market size and forecast, by pricing
7.2.11.Market size and forecast, by sales channel
7.2.11.1.Mexico
7.2.12.Market size and forecast, by type
7.2.13.Market size and forecast, by pricing
7.2.14.Market size and forecast, by sales channel
7.3.Europe
7.3.1.Key market trends, growth factor and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by pricing
7.3.4.Market size and forecast, by sales channel
7.3.5.Market size and forecast, by Country
7.3.5.1.Germany
7.3.6.Market size and forecast, by type
7.3.7.Market size and forecast, by pricing
7.3.8.Market size and forecast, by sales channel
7.3.8.1.UK
7.3.9.Market size and forecast, by type
7.3.10.Market size and forecast, by pricing
7.3.11.Market size and forecast, by sales channel
7.3.11.1.France
7.3.12.Market size and forecast, by type
7.3.13.Market size and forecast, by pricing
7.3.14.Market size and forecast, by sales channel
7.3.14.1.Italy
7.3.15.Market size and forecast, by type
7.3.16.Market size and forecast, by pricing
7.3.17.Market size and forecast, by sales channel
7.3.17.1.Spain
7.3.18.Market size and forecast, by type
7.3.19.Market size and forecast, by pricing
7.3.20.Market size and forecast, by sales channel
7.3.20.1.Russia
7.3.21.Market size and forecast, by type
7.3.22.Market size and forecast, by pricing
7.3.23.Market size and forecast, by sales channel
7.3.23.1.Rest of Europe
7.3.24.Market size and forecast, by type
7.3.25.Market size and forecast, by pricing
7.3.26.Market size and forecast, by sales channel
7.4.Asia-Pacific
7.4.1.Key market trends, growth factor and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by pricing
7.4.4.Market size and forecast, by sales channel
7.4.5.Market size and forecast, by Countries
7.4.5.1.China
7.4.6.Market size and forecast, by type
7.4.7.Market size and forecast, by pricing
7.4.8.Market size and forecast, by sales channel
7.4.8.1.India
7.4.9.Market size and forecast, by type
7.4.10.Market size and forecast, by pricing
7.4.11.Market size and forecast, by sales channel
7.4.11.1.Japan
7.4.12.Market size and forecast, by type
7.4.13.Market size and forecast, by pricing
7.4.14.Market size and forecast, by sales channel
7.4.14.1.Australia
7.4.15.Market size and forecast, by type
7.4.16.Market size and forecast, by pricing
7.4.17.Market size and forecast, by sales channel
7.4.17.1.South Korea
7.4.18.Market size and forecast, by type
7.4.19.Market size and forecast, by pricing
7.4.20.Market size and forecast, by sales channel
7.4.20.1.Rest of Asia-Pacific
7.4.21.Market size and forecast, by type
7.4.22.Market size and forecast, by pricing
7.4.23.Market size and forecast, by sales channel
7.5.LAMEA
7.5.1.Key market trends, growth factor and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by pricing
7.5.4.Market size and forecast, by sales channel
7.5.5.Market size and forecast, by Countries
7.5.5.1.Latin America
7.5.6.Market size and forecast, by type
7.5.7.Market size and forecast, by pricing
7.5.8.Market size and forecast, by sales channel
7.5.8.1.Africa
7.5.9.Market size and forecast, by type
7.5.10.Market size and forecast, by pricing
7.5.11.Market size and forecast, by sales channel
7.5.11.1.Rest of LAMEA
7.5.12.Market size and forecast, by type
7.5.13.Market size and forecast, by pricing
7.5.14.Market size and forecast, by sales channel
CHAPTER 8:COMPANY PROFILES
8.1.Beam Suntory Inc.
8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Business performance
8.1.7.Key strategic moves and developments
8.2.Jameson Irish whiskey /Irish Distillers International Limited
8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Key strategic moves and developments
8.3.Teeling Distillery
8.3.1.Company Overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.Key strategic moves and developments
8.4.The Old Bushmills Distillery Co.
8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.Key strategic moves and developments
8.5.Brown-Forman
8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Key strategic moves and developments
8.6.Diageo
8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Business performance
8.6.7.Key strategic moves and developments
8.7.Pernod Ricard
8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Business performance
8.7.7.Key strategic moves and developments
8.8.William Grant & Sons
8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Key strategic moves and developments
8.9.West Cork Distillers
8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Key strategic moves and developments
8.10.Knappogue Castle Whiskey
8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.Key strategic moves and developments
LIST OF TABLES
TABLE 01.GLOBAL IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION
TABLE 02.BLENDED IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION
TABLE 03.SINGLE MALT IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION
TABLE 04.SINGLE POT IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION
TABLE 05.SINGLE GRAIN IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019–2027 ($MILLION
TABLE 06.GLOBAL IRISH WHISKEY MARKET REVENUE, BY PRICING, 2019–2027 ($MILLION
TABLE 07.MASS IRISH WHISKEY MARKET REVENUE, BY PRICING, 2019–2027 ($MILLION
TABLE 08.PREMIUM IRISH WHISKEY MARKET REVENUE, BY PRICING, 2019–2027 ($MILLION
TABLE 09. GLOBAL IRISH WHISKEY MARKET REVENUE, BY SALES CHANNELS, 2019–2027 ($MILLION
TABLE 10.ON-TRADE IRISH WHISKEY MARKET REVENUE, BY SALES CHANNELS, 2019–2027 ($MILLION
TABLE 11.OFF-TRADE IRISH WHISKEY MARKET REVENUE, BY SALES CHANNEL, 2019–2027 ($MILLION
TABLE 12.GLOBAL IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 13.NORTH AMERICA IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 14.U.S. IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 15.EUROPE IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 16.GERMANY IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 17.UK IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 18.ASIA-PACIFIC IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 19.CHINA IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 20.JAPAN IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 21.INDIA IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 22.LAMEA IRISH WHISKEY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION
TABLE 23.BEAM SUNTORY INC.: KEY EXECUTIVES
TABLE 24.BEAM SUNTORY INC.: COMPANY SNASHOT, 2021–2027 ($MILLION
TABLE 25.BEAM SUNTORY INC.: OPERATING SEGMENTS, 2021–2027 ($MILLION
TABLE 26.BEAM SUNTORY INC.: NET SALES
TABLE 27.JAMESON IRISH WHISKEY: KEY EXECUTIVES
TABLE 28.JAMESON IRISH WHISKEY: COMPANY SNAPSHOT
TABLE 29.JAMESON IRISH WHISKEY: OPERATING SEGMENTS
TABLE 30.TEELING DISTILLERY: KEY EXECUTIVES
TABLE 31.TEELING DISTILLERY: COMPANY SNAPSHOT
TABLE 32.TEELING DISTILLERY: OPERATING SEGMENTS
TABLE 33.THE OLD BUSHMILL DISTILLERY CO.: KEY EXECUTIVES
TABLE 34.THE OLD BUSHMILL DISTILLERY CO.: COMPANY SNAPSHOT
TABLE 35.THE OLD BUSHMILL DISTILLERY CO.: OPERATING SEGMENT
TABLE 36.BROWN-FORMAN: KEY EXECUTIVES
TABLE 37.BROWN-FORMAN: COMPANY SNAPSHOT
TABLE 38.BROWN-FORMAN: OPERATING SEGMENTS
TABLE 39.DIAGEO: KEY EXECUTIVES
TABLE 40.DIAGEO: COMPANY SNAPSHOT
TABLE 41.DIAGEO: OPERATING SEGMENTS
TABLE 42.DIAGEO: NET SALES
TABLE 43.PERNOD RICARD: KEY EXECUTIVES
TABLE 44.PERNOD RICARD: COMPANY SNAPSHOT
TABLE 45.PERNOD RICARD: OPERATING SEGMENT
TABLE 46.PERNOD RICARD: NET SALES
TABLE 47.WILLIAM GRANT & SONS: KEY EXECUTIVES
TABLE 48.WILLIAM GRANT & SONS: COMPANY SNAPSHOT
TABLE 49.WILLIAM GRANT & SONS: OPERATING SEGMENTS
TABLE 50.WEST CORK DISTILLERS: KEY EXECUTIVES
TABLE 51.WEST CORK DISTILLERS: COMPANY SNAPSHOT
TABLE 52.WEST CORK DISTILLERS: OPERATING SEGMENTS
TABLE 53.KNAPPOGUE CASTLE WHISKEY: KEY EXECUTIVES
TABLE 54.KNAPPOGUE CASTLE WHISKEY: COMPANY SNAPSHOT
TABLE 55.KNAPPOGUE CASTLE WHISKEY: OPERATING SEGMETNS
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.LOW BARGAINING POWER OF SUPPLIERS
FIGURE 04.LOW BARGAINING POWER OF BUYERS
FIGURE 05.MODERATE THREAT OF SUBSTITUTION
FIGURE 06.LOW THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 08.IRISH WHISKEY MARKET: DRIVER, RESTRAINTS AND OPPORTUNITIES
FIGURE 09.COMPARATIVE SHARE ANALYSIS OF BLENDED IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019 & 2027 (%)
FIGURE 10.COMPARATIVE SHARE ANALYSIS OF SINGLE MALT IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019 & 2027 (%)
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF SINGLE POT IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019 & 2027 (%)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF SINGLE GRAIN IRISH WHISKEY MARKET REVENUE, BY TYPE, 2019 & 2027 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF MASS IRISH WHISKEY MARKET REVENUE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF PREMIUM IRISH WHISKEY MARKET REVENUE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF ON-TRADE IRISH WHISKEY MARKET REVENUE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF OFF-TRADE IRISH WHISKEY MARKET REVENUE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.U.S. IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 18.CANADA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 19.MEXICO IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 20.GERMANY IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 21.UK IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 22.FRANCE IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 23.ITALY IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 24.SPAIN IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 25.RUSSIA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 26.REST OF EUROPE IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 27.CHINA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 28.INDIA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 29.JAPAN IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 30.AUSTRALIA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 31.SOUTH KOREA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 32.REST OF ASIA-PACIFIC IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 33.LATIN AMERICA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 34.AFRICA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 35.REST OF LAMEA IRISH WHISKEY MARKET, 2019 & 2027 ($MILLION)
FIGURE 36.BEAM SUNTORY INC.: REVENUE 2017-2019 ($MILLION)
FIGURE 37.DIAGEO: NET SALES, 2018-2020 ($MILLION)
FIGURE 38.PERNOD RICARD: NET SALES, 2018-2020 ($MILLION)
According to the CXOs of the leading companies, the demand for premium Irish whiskey is growing across the globe. This is attributed to unique and high-quality flavor of the premium Irish whiskey. Furthermore, the increase in demand of new outlets, bars, clubs, and pubs by the consumers drives the growth of the Irish whiskey market.
Furthermore, the CXOs add that the prominent players are using various methods in the production of Irish whiskey to provide unique taste, color, content, and aroma, which drives the market growth. These production techniques include blending, inclusion of single malt where the drink is stored in a single distillery for maturity. The usage of the single pot in which the mixed mash is distilled in a pot. Single grain where grains like rye, corn, wheat and more such grains are blended from a single distillery. These different production styles provide various varieties of Irish whiskey to the customer.
Furthermore, the demographic factor such as growth in population and rise in disposable income of individuals lead to increase in consumption of alcoholic beverages, which drive the growth of the Irish whiskey market.
Q1. At what CAGR, the Irish Whisky Market will expand from 2021 - 2027?
A. The global Irish whiskey market is expected to grow at a CAGR of 9.2% from 2021 to 2027.
Q2. What will be the market value of Irish Whisky Market by the end of 2027?
A. The market value of Irish whisky is expected to reach $7,677.5 million by 2027.
Q3. How can I get sample report of Irish Whisky Market?
A. The sample of the report can be acquired from the official allied market research website.
Q4. Which are the factors that drives Irish Whisky Market Growth?
A. Factors such as growing trend of clubbing and growing acceptance of alcohol among people all around the world drives the market growth of Irish whisky market.
Q5. Who are the leading players in Irish Whisky Market?
A. The key players in the Irish whiskey market profiled in the report include Beam Suntory Inc., Jameson Irish whiskey, Teeling Distillery, The Old Bushmills Distillery Co., Brown-Forman, Diageo, Pernod Ricard, William Grant & Sons, West Cork Distillers, and Knappogue Castle Whiskey.
Q6. What are the segments of Irish Whisky Market?
A. The Irish whisky market has been segmented on the basis of type, pricing, sales channel, and region.
Q7. What are the key growth strategies of Irish Whisky Market Players?
A. Key players in the Irish whiskey industry have relied on strategies, such as innovation and business expansion, to expand their market share and to stay competitive in the global market.
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Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers