According to the latest report by IMARC Group, titled “Global Irish Whiskey Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global Irish whiskey market reached a value of US$ 4.33 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.91 Billion by 2027 exhibiting a CAGR of 7.60% during 2022-2027.
Irish whiskey is an alcoholic beverage made with malted and unmalted barley, which has been distilled for around three years. It undergoes the process of fermentation, where additional enzymes are added to provide a better taste and smoothness to the alcohol. Irish whiskey is rich in zinc, iron, phosphorus, thiamine (vitamin B1), niacin (vitamin B3), ellagic acid, and antioxidants. It reduces the risk of pneumonia, hypertension, tuberculosis, and obesity. As a result, Irish whiskey is considered one of the oldest and most popular distilled spirits across the globe.
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Irish Whisky Market Trends and Drivers:
The global Irish whiskey market is primarily driven by rising disposable incomes and hectic lifestyles of individuals. Besides this, the growing trend of socialization and mid-week parties in corporate and cultural gatherings are significantly escalating the demand for Irish whiskey.
Moreover, the increasing consumption of alcohol due to its stimulating and sedating effects, which relieves anxiety and stress, is also fueling the market growth. In addition to this, Irish whiskey is preferred by tourists due to its unique taste and texture. It is also extensively utilized in fancy food recipes for increasing its supplies in the hostel, restaurant, and café (HORECA) sector.
Furthermore, increasing investments in unique packaging and the introduction of new exotic flavors are anticipated to propel market growth in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Irish Whisky Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Beam Suntory Inc. (Suntory Holdings Limited), Boann Distillery, Brown-Forman Corporation, Connacht Whiskey Company Limited, Diageo plc, Edrington, Pernod Ricard, Sazerac Company Inc., Teeling Whiskey Distillery, West Cork Distillers and William Grant & Sons Ltd.
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The report has segmented the market on the basis of region, type, pricing and sales channel.
Breakup by Type:
- Blended
- Single Malt
- Single Pot Still
- Single Grain
Breakup by Pricing:
- Mass
- Premium
Breakup by Sales Channel:
- On-trade
- Off-trade
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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