Single Malt Whiskey Market Trends and Growth 2024-2032 |...

Single Malt Whiskey Market Trends and Growth 2024-2032

Posted 2024-07-12 10:16:00

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The Global Single Malt Whiskey market is at the intersection of tradition, innovation and discerning taste, constantly growing and attracting consumer interest.

Single Malt Whiskey Market valued at $3.08 Billion in 2024 and projected to reach $4.31 Billion by 2032, growing at a 5.4 % CAGR

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Key players:

· Glenfiddich

· Macallan

· Glenlivet

· Laphroaig

· Lagavulin

· Ardbeg

· Balvenie

· Highland Park

· Talisker

· Aberlour

· Bowmore

· Bruichladdich

· Springbank

· Glenmorangie

· Oban

· Yamazaki

· Hakushu

· Glen Grant

· Bunnahabhain

· GlenDronach

Market Segmentation

By Type:

· Traditional Single Malt Whiskey

· Cask Strength Single Malt Whiskey

· Peated Single Malt Whiskey

· Sherry Cask Single Malt Whiskey

· Others (Experimental, Limited Editions)

By Application:

· Retail (Supermarkets/Hypermarkets, Liquor Stores, Duty-Free Shops)

· On-Trade (Bars, Pubs, Restaurants)

· E-commerce

By End User:

· Individual Consumers

· Hospitality Industry (Hotels, Resorts)

· Event Management Companies

· Others (Corporate Gifting, Collectors)

By Region:

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East & Africa

By Price Range:

· Premium

· Super Premium

· Ultra Premium

By Age Statement:

· No Age Statement (NAS)

· 10–12 years

· 15–18 years

· 20+ years

Key Developments

In August 2021, Pernod Ricard, one of the nation’s top whisky makers, inaugurated THE CHUAN Blended Whiskey Brewery in Emeishan, Sichuan Province, Southwest China, with the goal of expanding the Chinese whisky market. With an investment of 1 billion yuan ($150 million) over a decade. The whiskey launched, according to the firm, is profoundly rooted in Chinese culture and life.
Aviation Gin LLC and Davos Brands LLC were acquired by Diageo PLC in August 2020. This method was devised in order to break into the Gin market in the United States. In addition, the acquired companies have a solid growth rate, which will aid the company’s growth.
TAILS, a premium-created and grouped cocktail business, was acquired by Bacardi Ltd in November 2020. The company adopted this method to provide premium cocktail quality to Bacardi’s customers, resulting in business growth.

Single Malt Whiskey Market Trends and Growth 2024-2032

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