The global market for Single Malt Whiskey was estimated at US$2.8 Billion in 2023, and is projected to reach US$3.3 Billion by 2030, growing at a CAGR of 2.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the single malt whiskey market is driven by several factors, including an increased interest in high-quality artisanal spirits, the expansion of global distribution channels, and strategic marketing campaigns that emphasize the uniqueness and prestige associated with single malts. As global economies grow, particularly in Asia and North America, there is a rising middle and upper-middle-class demographic that seeks luxury experiences in their beverage choices, boosting the demand for premium whiskeys. Technological advancements in production and aging techniques also contribute to creating more distinct and refined flavors, attracting both new and seasoned whiskey drinkers. Additionally, the expansion of e-commerce in the alcoholic beverage sector has made it easier for consumers to explore and purchase rare and international whiskeys, thus broadening the market reach. Social media platforms and digital marketing have become pivotal in educating consumers and driving interest in the nuanced world of single malts, with distilleries leveraging these tools to tell their stories and connect with a global audience. The combination of these dynamic factors ensures continued interest and investment in the single malt whiskey market, sustaining its growth and prominence in the global spirits industry.
The growth in the single malt whiskey market is driven by several factors, including an increased interest in high-quality artisanal spirits, the expansion of global distribution channels, and strategic marketing campaigns that emphasize the uniqueness and prestige associated with single malts. As global economies grow, particularly in Asia and North America, there is a rising middle and upper-middle-class demographic that seeks luxury experiences in their beverage choices, boosting the demand for premium whiskeys. Technological advancements in production and aging techniques also contribute to creating more distinct and refined flavors, attracting both new and seasoned whiskey drinkers. Additionally, the expansion of e-commerce in the alcoholic beverage sector has made it easier for consumers to explore and purchase rare and international whiskeys, thus broadening the market reach. Social media platforms and digital marketing have become pivotal in educating consumers and driving interest in the nuanced world of single malts, with distilleries leveraging these tools to tell their stories and connect with a global audience. The combination of these dynamic factors ensures continued interest and investment in the single malt whiskey market, sustaining its growth and prominence in the global spirits industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Scotch Whiskey segment, which is expected to reach US$1.7 Billion by 2030 with a CAGR of a 3.6%. The American Whiskey segment is also set to grow at 1.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $749.4 Million in 2023, and China, forecasted to grow at an impressive 5.3% CAGR to reach $663.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Single Malt Whiskey Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Single Malt Whiskey Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Single Malt Whiskey Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Balcones Distilling, Corsair Artisan, LLC., Diageo plc, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 86 Featured):
- Balcones Distilling
- Corsair Artisan, LLC.
- Diageo plc
- FEW Spirits
- John Distilleries India
- Living Liquidz
- New York Craft Spirits
- Pernod Ricard S.A.
- Ranger Creek Brewing & Distilling LLC
- Sazerac Company, Inc.
- Stranahan’s Colorado Whiskey
- Taste Teeling Whiskey
- The Indiana Whiskey Company
- The Wine Cellar
- Triple Eight Distillery
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Balcones Distilling
- Corsair Artisan, LLC.
- Diageo plc
- FEW Spirits
- John Distilleries India
- Living Liquidz
- New York Craft Spirits
- Pernod Ricard S.A.
- Ranger Creek Brewing & Distilling LLC
- Sazerac Company, Inc.
- Stranahan’s Colorado Whiskey
- Taste Teeling Whiskey
- The Indiana Whiskey Company
- The Wine Cellar
- Triple Eight Distillery
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 286 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.8 Billion |
| Forecasted Market Value ( USD | $ 3.3 Billion |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
