(Entertainment-NewsWire.com, December 07, 2017 ) According to the report Whiskey, published by Market Data Forecast, the Global market is projected to reach USD 7.13 billion by 2022, at a CAGR of 5.1% from 2017 to 2022.
Whiskey Market falls under the class of affordable luxury items, which is resulting in many whiskey production companies to set afloat more premium and super premium whiskies into the market. As a novel innovation, the brewing sector is setting afloat an organic whiskey which doesnt have any artificial colours.
Whiskey market in this region is driven by factors like lifestyle changes, increasing disposable incomes, growing habit of consuming liquor and growing affordability of whiskey. However, this market is constrained by factors such as stringent regulatory policies, heavy taxes, and health hazards which are associated with whiskey consumption.
Factors like lifestyle changes and increasing disposable incomes are affecting the growth of this market positively. However, other factors such as heavy taxes and health hazards which are associated with the consumption of alcohol are restraining the growth of this market. Globally, Europe has the largest market share, while Asia Pacific region has the fastest growth rate.
Global Whiskey: Key Players
Some of the major companies dominating Global Whiskey Market are Accolade Wines, Allied Blenders & Distillers, Asahi Breweries, Beam Suntory, Diageo, John Distilleries, Bacardi Ltd., Pernod Ricard and Smirnoff among others.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
