About Scotch Whisky
Scotch whisky is a transparent liquid ranging in colour from pale yellow to deep amber. The product may exhibit a haze on storage at low temperatures, such as below 0ºC, but such a haze may also be apparent in some scotch whiskies after mixing with water and/or ice. The colour of Scotch whisky derives primarily from the maturation cask. Colour may be adjusted by the addition of plain caramel colouring, but the resultant colour should not exceed the natural range that can be derived from maturation casks. The aroma and flavour derive from the distillation of a fermented substrate, made from malted barley with or without other cereals, followed by maturation in oak casks.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 4.73% |
The Vendors having a strong hold in the market are Diageo Pernod Ricard William Grant & Sons Bacardi Edrington. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Global Scotch Whisky market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Asahi Breweries (Japan), Bacardi Ltd. (Bermuda), Diageo (United Kingdom), Pernod Ricard (France), United Spirits (India), William Grant & Sons (United Kingdom), Ben Nevis Distillery (United Kingdom), Brown-Forman (United States), Edrington (United Kingdom) and International Beverage (Hong Kong) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Aceo (United Kingdom), Gordon & MacPhail (United Kingdom), John Distilleries (India), Beam Suntory (United States) and Accolade Wines (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Scotch Whisky market by Type (Single Malt, Single Grain, Blended Malt, Blended Grain and Blended Scotch whisky), Application (Residential and Commercial) and Region.
On the basis of Type, Blended Whisky are dominating the market in the year 2022 where as Malt Whisky stood as second largest market share.
On the basis of application, Household segment is dominating the market in the year 2022 where as Food Service segment stood as second largest market .On the basis of geography, the market of Scotch Whisky has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2022. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Scotch Whisky market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Size, the sub-segment i.e. Upto 500ml will boost the Scotch Whisky market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Premium Scotch whisky
Market Growth Drivers:
Rising Requirement for Organic Whisky and High Adoption Rate of Western Culture and Lifestyle
Challenges:
Rising Demand for aged Scotch whisky
Restraints:
Availability of Alternative Such as Wine and Beer and Awareness about the Harmful Effect of Whiskey
Opportunities:
Rising Dependency towards Innovative Whiskey Product
Market Leaders and their expansionary development strategies
On April 17, 2019 - Pernod Ricard announces the completion of the acquisition of Italian super-premium gin brand MALFY. The MALFY range consists of four varieties such as Originale, Con Limone, Con Arancia and Gin Rosa with the distillation process incorporating genuine Italian ingredients such as Italian juniper, coastal grown Italian lemons and Sicilian blood oranges and pink grapefruits.
The Scotch Whisky Regulations 2009 (SWR) came into force on 23 November 2009. They replaced the Scotch Whisky Act 1988 and the Scotch Whisky Order 1990. Whereas the previous legislation had only governed the way in which Scotch Whisky must be produced, the SWR also set out rules on how Scotch Whiskies must be labelled, packaged and advertised, as well as requiring Single Malt Scotch Whisky to be bottled in Scotland from 2012.
Key Target Audience
Manufacturers of Scotch whisky, Suppliers of Scotch whisky, Wholesalers, Distributors and Retailers of Scotch whisky, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.