Scotch Whisky Market size to increase by USD 15.11 billion between 2023 to 2028- Technavio

News provided by

Oct 31, 2023, 16:35 ET

NEW YORK, Oct. 31, 2023 /PRNewswire/ -- The Scotch Whisky Market size is expected to grow by USD 15.11 billion, accelerating at a CAGR of 9.03% during the forecast period. Rising international demand for Scotch whisky is notably driving the scotch whisky market. However, factors such as increasing competition from other alcoholic beverages may impede market growth. The market is segmented by Distribution Channel (Off-trade and On-trade), Product (Blended, Bulk blended, and Others), and Geography (Europe, North America, APAC, Middle East and Africa, and South America). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format

Technavio has announced its latest market research report titled Global Scotch Whisky Market 2024-2028

Scotch Whisky Market 2024 – 2028: Key Segment Analysis
Significant market share growth is anticipated in the off-trade segment during the forecast period. Scotch whisky is commonly distributed through off-trade channels, including individual retailers, supermarkets, hypermarkets, and online platforms. These channels offer consumers a wider selection of Scotch whisky brands compared to on-trade options. Additionally, off-trade channels enjoy cost advantages by avoiding the expense of accommodating customers

To know additional highlights and key points on various market segments and their impact in coming years, View PDF Sample Report

Scotch Whisky Market 2024 – 2028: Geographical Market Analysis

Europe is projected to contribute significantly, with 39% to the global market's growth during the forecast period. The Scotch whisky market in Europe is expected to have high growth due to the increasing popularity of alcoholic beverages. With its rich heritage and roots in Scotland, Scotch whisky has a strong presence in European culture. The region offers a diverse range of Scotch whisky styles, from single malt to blended malt, single grain, and blended grain, catering to various consumer tastes and budgets. Scotch whisky is deeply ingrained in European traditions, associated with celebrations, social gatherings, and cultural events, symbolizing hospitality and a shared appreciation for premium spirits

Scotch Whisky Market 2024 – 2028: Company Insights
The scotch whisky market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:

Aceo Ltd.
Allied Blenders and Distillers Pvt. Ltd.
Arran Distillers Ltd.
Asahi Group Holdings Ltd.
Bacardi Ltd.
Brown Forman Corp.
Campari Group
Constellation Brands Inc.
Diageo Plc
Heaven Hill Sales Co.
LVMH Moet Hennessy Louis Vuitton SE
Paul John Whisky
Pernod Ricard SA
Quintessential Brands Group
Sazerac Co. Inc.
Speymalt Whisky Distributors Ltd.
Suntory Holdings Ltd.
Thai Beverage Public Co. Ltd.
The Edrington Group Ltd.
William Grant and Sons Ltd

View PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

Alcoholic Drinks Market: The alcoholic drinks market is estimated to grow at a CAGR of 5.66% between 2022 and 2027 and the size of the market is forecast to increase by 88.96 billion litres. In 2017 the market size was 233.9 billion liters.

Premium Spirit Market: The premium spirit market size is projected to increase by USD 49.85 billion and the market size is estimated to grow at a CAGR of 6.32% between 2022 and 2027.

TOC:

Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Distribution Channel
Market Segmentation by Product
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio