Super Premium Whiskey Market Scope
Super Premium Whiskey is a distilled alcoholic beverage derived from the fermentation process of grain mash. Various grains, including barley, corn, rye, and wheat, are used for different varieties. Whisky is typically aged in wooden casks, which are typically old sherry casks or charred white oak. Whisky is a highly regulated spirit with many classes and types all over the world. The fermentation of grains, distillation, and ageing in wooden barrels are typical unifying characteristics of the various classes and types.
Manufacturers are capitalizing on the high growth potential of whiskey markets in Mexico, India, and Indonesia. Heavyweights in the industry are prioritizing R & D activities for new flavor innovations. Key players are looking to profit from evolving demand patterns among millennial consumers as well as establish new consumer communities. Diageo, Loch Lomond Distillery Company, Chivas Brothers, LVMH Mot Hennessy – Louis Vuitton SE, William Grant & Sons, Inver House Distillers Ltd., Bacardi & Company Limited, and Belvedere International Inc. are among the prominent companies operating in the whiskey market. Research Analyst at AMA estimates that United Kingdom Vendors will contribute to the maximum growth of Global Super Premium Whiskey market throughout the predicted period.
Pernod Ricard SA (France), Red Brick Brewing Company (United States), The Edrington Group (United Kingdom), United Spirits Ltd. (India), William Grant & Sons (United Kingdom), Accolade Wines (Australia), Alko (Germany), Allagash Brewing Company (United States), Allied Blenders & Distillers (India) and Arkell’s Brewery (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Anchor Brewing Company (United States), Asahi Breweries (Japan), Bass Brewery (United Kingdom), Beijing Red Star Co (China) and Others.
Segmentation Overview
The study have segmented the market of Global Super Premium Whiskey market by Type (American, Irish, Scotch, Canadian and Others), by Application (Bars, Clubs and Others) and Region with country level break-up.
On the basis of geography, the market of Super Premium Whiskey has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Influencing Trend:
Adoption of Premium Whiskey and Introduction of Organic Whiskey
Market Growth Drivers:
Rising Demand for Premium and Super-Premium Whiskey Is Propelling Whiskey Sales in Emerging Regional Markets and Rising Demand for Single-Malt Scotch Options Is a Major Driver of Market Growth
Challenges:
Strict Government Regulation
Restraints:
High Taxation, Increasing Health Awareness and Availability of Alternative Such as Wine and Beer
Opportunities:
High Disposable Income and Rising Dependency towards Innovative Organic Whiskey Product
Market Leaders and their Expansionary Development Strategies
On 11th November 2021, Amber Beverage Group (ABG) has announced the acquisition of Walsh Whiskey, an Irish whiskey company, for an undisclosed sum. The acquisition will take effect, with the current management and staff remaining in place.
On 4 August 2021, Molson Coors Beverage Company will release its first spirit, Five Trail, a blended American whiskey. The 95-proof ultra-premium beverage is created in collaboration with Kentucky's Bardstown Bourbon Co. and is a blend of Colorado single-malt whiskey made with Coors malts and three bourbons, cut to proof with Rocky Mountain water.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Super Premium Whiskey Manufacturers, Super Premium Whiskey Suppliers & Distributors, Industry Association, Potential Investors, Private Research Institutes, Government Bodies, End-Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.