Global Whiskey Market Set for Rapid Growth and Trend by 2025
Date: 2020-03-02   Author: Rahul Varpe  Category: #news

Global Whiskey Market Set for Rapid Growth and Trend by 2025

Global Whiskey Market size is Valued At USD 59 Billion in 2018 and may exceed USD 84 Billion by 2025; according to a new research report.

Today, it would be wrong to believe that whiskey as a category doesn’t resonate with the youth. The drink is starting to shed its conservative image and has gained significant popularity. Lately, the youth population across the globe are increasingly leaning to scotch whiskeys, bourbons, and Irish whiskeys as opposed to staple beers, vodkas, rum, and others.

The key factor propelling whiskey consumption across individuals of all age groups is the rising cocktail and mixology culture, which is strongly influenced by social media networks like Instagram. Speaking of the cocktail culture, countries like the U.S. have observed rising appreciation for bourbon whiskey among millennials, which has considerably magnified the nation’s sales and the regional whiskey market size.

Request sample copy of this report @ http://decresearch.com/request-sample/detail/3322

Moreover, owing to millennials’ rising preference for premium-quality alcohol, the country’s sale of Irish whiskey has also jumped 9.4% in the past year. Thanks to the beverage’s growing millennial appeal and heavy inclusion in cocktails, whiskey market will continue to thrive in the global alcoholic beverage industry.

Strong demand for premium alcoholic beverage triggered by growing disposable incomes will foster the global whiskey market growth over the ensuing years. The drink presently offers consumers a substantial spectrum of price range and taste profiles, with local producers and renowned brands equally contributing to the trend. The availability of a plethora of options and the whole brigade of engaging flavors to choose from offers a significant push to the global whiskey industry size.

Moreover, the transformations that this market has undergone with respect to pricing, flavors, packaging, distribution, customization, and marketing has helped it in beating all the odds. Without doubt, whiskey market size has continued to show an increase with the changing perceptions and attitudes surrounding dark spirits.

In terms of geographical growth, Asia Pacific is anticipated to emerge as a strong contender in the global market. According to a research report, the Asia Pacific whiskey market size is estimated to surpass $37 billion by 2025. Some important factors stimulating regional growth include rising production from nations like India, Japan, Taiwan and more, rapid urbanization, rising population of consumers within legal drinking age and heavy spending on high-quality alcohol.

Request for discount @ http://decresearch.com/request-discount/3322

Meanwhile, Japan produces nearly 94.5 million liters every year and is the fourth largest whiskey producer in the world. The United States is also one of the largest producers of whiskey – the country as a matter of fact, gave the world popular brands like Jack Daniels and Jim Beam. In addition, the growing travel & tourism industry along with the emergence of the middle-class population in Asia, Africa, and South America have stimulated the consumption rate.

Given the above backdrop, it is safe to assume that the constant increase in production and consumption rates across the world will provide substantial momentum to the whiskey market over the coming years.

The rise in the count of distilleries offering consumers a wide range of whiskeys also serves as a major factor accelerating market growth. According to credible reports, over 200 new distilleries have opened in the UK over the last five years, whereas, there has been an addition of 18 new distilleries in Scotland, owing to the rising demand for Scotch whiskey.

Additionally, the growing interest in craft whiskeys and regional variations have triggered development among independent and artisan distillers. The United States is home to more than 1,500 active craft distillers, with whiskey being their chief offering. Increasing distillery numbers would be a key driver for enhancing whiskey industry size over the foreseeable years.

Place An Inquiry Before Investment @ http://decresearch.com/inquiry-before-buying/3322

Regardless of the cold attitude towards alcoholic beverages, whiskey industry size is slated to touch newer heights in the ensuing years owing to the growing number of distilleries, amplified regional contribution, rising product popularity amid youth consumers, and burgeoning product innovations. With regards to the growth projection, it has been speculated that global whiskey market size is estimated to cross $84 billion by the end of 2025.



About Author


Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for algosonline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

Read More

More from Rahul


Post Recommendents

Facebook launches ‘Tuned’ to offer private messaging space for couples
Author: Saipriya Iyer

Facebook, an American social media and technology company, has recently launched a new app called ‘Tuned’ for iOS devices, which is aimed at offering private space for couples. The introduction of this new ...


Basalt Fiber Market size, Outlook, Trend, Growth and Share Estimation Analysis by 2025
Author: Rahul Sankrityayan

Dec Research declares the publication of its latest research report, with the title ‘Global Basalt Fiber Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well as st...


Neoprene Market – Size, Scope and Opportunities Analysis Forecast to 2025
Author: Rahul Sankrityayan

Dec Research declares the publication of its latest research report, with the title ‘Global Neoprene Market’. This report sheds light on the analysis of the industry challenges, growth opportunities, industry threats, as well as streng...