The global Japanese whisky market is estimated to reach USD 1.1 billion, by 2025, and is projected to grow at a CAGR of 9.4% from 2019 to 2025, according to a new report by Million Insights. Growing consumer inclination towards imported spirits and rising awareness about aged whisky is propelling the demand for the product in the alcohol market.
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Market Synopsis of Japanese Whisky Market:
Growing trend of cocktails among the consumers is driving the demand for Japanese whisky. Moreover, increasing penetration of digital media is helping to create awareness through blogs and posts. Furthermore, high consumption of imported liquors and whisky in pubs and bars is expected to boost the growth of Japanese whisky market. In addition, growing popularity of home bars with mixture experiments is increasing the demand for Japanese whisky. Due to this, the residential segment is projected to grow at the CAGR exceeding 9.0% during the forecasted period.
The on-trade channel held the highest share in 2018. High consumption of premium whisky and spirits owing to rising income levels of consumers across countries such as Germany, U.K., India, and U.S. is supporting market growth. In addition, growing trend of offers like happy hours especially in breweries, pubs are boosting the growth of the commercial segment.
Asia Pacific dominated the market with the majority of market share, in 2018. Rising product demand and availability of different whisky brands are increasing product demand. Moreover, growing population and rapid urbanization in countries such as China, Thailand, and India are anticipated to impact the market positively.
The industry possesses heavy competition owing to the presence of a large number of alcohol manufacturing companies. Major players in the market are focusing on product innovations and expanding their reach across the world.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Japanese Whisky: Market Variables, Trends & Scope
Chapter 4 Japanese Whisky: Product Estimates & Trend Analysis
Chapter 5 Japanese Whisky: Application Estimates & Trend Analysis
Chapter 6 Japanese Whisky: End-use Estimates & Trend Analysis
Chapter 7 Japanese Whisky: Industrial End-use Estimates & Trend Analysis
Chapter 8 Japanese Whisky: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Japanese Whisky: Manufacturers Company Profiles
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