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Flavored Whiskey Market By Type (Blended, Malted, Scotch, Bourbon, And Others), By Flavors (Cider, Caramel, Honey, Citrus, And Apple), By End-Users (Hotel, Restaurant, Cafe And Retail), By Distribution Channel (Hypermarket/Supermarket, Departmental Stores, Liquor Stores, Food & Drink Specialty Stores, And Others) And By Region - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast to 2023 – 2030
Published On : December 2024 Pages : 145 Category: Food and Beverages Report Code : FB1217822
SEGMENTS & REGIONS:
- By Type: Blended, Malted, Scotch, Bourbon, And Others
- By Flavors: Cider, Caramel, Honey, Citrus, And Apple
- Users: Hotel, Restaurant, Cafe And Retail
- By Distribution Channel: Hypermarket/Supermarket, Departmental Stores, Liquor Stores, Food & Drink Specialty Stores, And Others
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
The Flavored Whiskey Market is experiencing significant growth, driven by evolving consumer preferences and the introduction of innovative flavor profiles. Here's a detailed overview:
Market Overview
- Market Size: The global flavored whiskey market was valued at approximately USD billion in 2023 and is projected to reach USD billion by 2030, with a compound annual growth rate (CAGR) of % during this period.
- Key Drivers: The market is driven by the increasing demand for unique taste experiences, the rising popularity of flavored spirits, and the expansion of product portfolios by key players. Consumers are seeking new and exciting flavors, which has led to the growth of flavored whiskey.
- Market Segmentation: The market can be segmented based on Type (Blended, Malted, Scotch, Bourbon, And Others), Flavors (Cider, Caramel, Honey, Citrus, And Apple), End-Users (Hotel, Restaurant, Cafe And Retail), Distribution Channel (Hypermarket/Supermarket, Departmental Stores, Liquor Stores, Food & Drink Specialty Stores, Others)
Key Drivers
The Flavored Whiskey Market is driven by several key factors:
- Increasing Consumer Demand for Unique Flavors: Consumers are increasingly seeking unique and innovative flavor experiences. Flavored whiskey offers a variety of taste profiles, including fruit-infused, spiced, and herb-infused options, catering to diverse preferences.
- Growing Acceptance of Flavored Spirits: There has been a significant rise in the acceptance of flavored spirits among consumers. This trend is driven by the desire for new and exciting taste experiences, making flavored whiskey a popular choice.
- Expansion of the Consumer Base: Flavored whiskey variants have expanded the consumer base for whiskey. By offering different flavors, whiskey manufacturers can attract a broader audience, including those who may not typically enjoy traditional whiskey.
- Creative Product Development: Whiskey manufacturers are continuously innovating and introducing unique flavor combinations. This creativity in product development helps to keep the market dynamic and appealing to consumers.
- Rising Consumption in On-Trade and Off-Trade Channels: Flavored whiskey is gaining popularity in both on-trade (bars, restaurants) and off-trade (supermarkets, liquor stores) channels. This widespread availability contributes to the market's growth.
- Cocktail Culture: The trend of experimenting with cocktails has boosted the demand for flavored whiskey. It adds unique flavors to mixed drinks, making it a favorite among bartenders and consumers alike.
- E-commerce Growth: The availability of flavored whiskey through online channels has made it more accessible to consumers worldwide. E-commerce platforms provide a convenient way for consumers to explore and purchase a wide range of flavored whiskey options.
These key drivers are propelling the flavored whiskey market forward, offering significant opportunities for innovation and expansion
Market Segmentation
The Flavored Whiskey Market can be segmented into several categories to better understand its structure and dynamics:
By Type
- Bourbon: Flavored bourbon whiskey infused with various flavors.
- Scotch: Flavored scotch whiskey with added taste profiles.
- Malted Whiskey: Includes malted whiskey with flavor enhancements.
- Blended Whiskey: A mix of different types of whiskey with added flavors.
By Flavor Type
- Fruit Flavors: Includes flavors like apple, cherry, citrus, peach, and blackberry.
- Spice Flavors: Features flavors such as cinnamon, ginger, and nutmeg.
- Other Flavors: Includes unique and innovative flavors like honey, caramel, maple, and others.
By End-User
- Personal Consumption: Whiskey consumed by individuals at home.
- Bars and Restaurants: Used in mixed drinks and served in hospitality venues.
By Distribution Channel
- Hypermarket/Supermarkets: Whiskey sold through large retail chains.
- Liquor Stores: Available in smaller retail outlets for easy access.
- Departmental Stores: Available in Departmental Stores for easy access.
- Online Retailers: Purchased through e-commerce platforms, providing global reach.
Key Players
Here are some of the key players in the Flavored Whiskey Market:
- Diageo plc: Known for its extensive range of flavored whiskey products, Diageo has been a dominant force in the market. Their brands include popular names like Jack Daniel's Tennessee Honey and Bulleit Bourbon.
- Brown-Forman Corporation: This company offers a variety of flavored whiskey brands, including Jack Daniel's and Woodford Reserve. They have been expanding their product portfolio to include innovative flavors.
- Pernod Ricard SA: Pernod Ricard is another major player, known for brands like Jameson and Kilbeggan. They continuously innovate with new flavor profiles to attract consumers.
- Constellation Brands Inc.: This company has a strong presence in the flavored whiskey market with brands like Jim Beam and Sauza. They focus on creating unique and appealing flavor combinations.
- Sazerac Company Inc.: Sazerac is known for its distinctive flavored whiskey products, including Fireball Cinnamon Whisky and Eisch Glas. They focus on creating unique and high-quality flavored whiskeys.
These companies are leading the market by focusing on product innovation, strategic marketing, and expanding their reach through various distribution channels. They continuously introduce new flavors and collaborate with other brands to meet the evolving tastes of consumers
Market Trends
- Innovative Flavor Profiles: Manufacturers are introducing new flavors, such as honey, caramel, and various fruit infusions, to cater to diverse consumer tastes.
- Cocktail Culture: The trend of experimenting with cocktails has boosted the demand for flavored whiskey, as it adds unique flavors to mixed drinks.
- E-commerce Growth: The availability of flavored whiskey through online channels has made it more accessible to consumers worldwide.
Regional Insights
- North America: Leading the market with a strong tradition of whiskey consumption.
- Asia-Pacific: Rapidly growing market driven by increasing consumer interest in flavored spirits.
- Europe: Largest market with a high demand for flavored whiskey.
- Latin America: Emerging market with growing acceptance of flavored spirits.
- Middle East & Africa: Developing market with potential for growth
The flavored whiskey market is poised for substantial growth, offering significant opportunities for innovation and expansion.
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Data Mining
1.2.2. Market Modeling and Forecasting
1.2.3. Data Validation
1.2.4. Industry Analysis
2. Market Dashboard
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
4. SWOT Analysis
5. Porter’s Five Forces Analysis
5.1.1. Competitive Rivalry
5.1.2. Threat of New Entrants
5.1.3. Bargaining Power of Suppliers
5.1.4. Bargaining Power of Buyers
5.1.5. Threat of Substitute Products
6. PESTEL Analysis
6.1.1. Political Factors
6.1.2. Economical Factors
6.1.3. Technological Factors
6.1.4. Environmental Factors
6.1.5. Legal Factors
7. Flavored Whiskey Market, By Type
7.1. Introduction
7.2. Flavored Whiskey Market and Market Growth Rate By Type (2019-2030)
7.3. Blended
7.3.1. Global Blended Market and Growth Rate (2019-2030)
7.4. Malted
7.4.1. Global Malted Market and Growth Rate (2019-2030)
7.5. Scotch
7.5.1. Global Scotch Market and Growth Rate (2019-2030)
7.6. Bourbon
7.6.1. Global Bourbon Market and Growth Rate (2019-2030)
7.7. Others
7.7.1. Global Others Market and Growth Rate (2019-2030)
8. Flavored Whiskey Market, By Flavors
8.1. Introduction
8.2. Flavored Whiskey Market and Market Growth Rate By Flavors (2019-2030)
8.3. Cider
8.3.1. Global Cider Market and Growth Rate (2019-2030)
8.4. Caramel
8.4.1. Global Caramel Market and Growth Rate (2019-2030)
8.5. Honey
8.5.1. Global Honey Market and Growth Rate (2019-2030)
8.6. Citrus
8.6.1. Global Citrus Market and Growth Rate (2019-2030)
8.7. Apple
8.7.1. Global Apple Market and Growth Rate (2019-2030)
9. Flavored Whiskey Market, By End-Users
9.1. Introduction
9.2. Flavored Whiskey Market and Market Growth Rate By End-Users (2019-2030)
9.3. Hotel
9.3.1. Global Hotel Market and Growth Rate (2019-2030)
9.4. Restaurant & Bar
9.4.1. Global Restaurant & Bar Market and Growth Rate (2019-2030)
9.5. Cafe
9.5.1. Global Cafe Market and Growth Rate (2019-2030)
9.6. Retail
9.6.1. Global Retail Market and Growth Rate (2019-2030)
10. Flavored Whiskey Market, By Distribution Channel
10.1. Introduction
10.2. Flavored Whiskey Market and Market Growth Rate By Distribution Channel (2019-2030)
10.3. Hypermarket/Supermarket
10.3.1. Global Hypermarket/Supermarket Market and Growth Rate (2019-2030)
10.4. Departmental Stores
10.4.1. Global Departmental Stores Market and Growth Rate (2019-2030)
10.5. Liquor Stores
10.5.1. Global Liquor Stores Market and Growth Rate (2019-2030)
10.6. Food & Drink Specialty Stores
10.6.1. Global Food & Drink Specialty Stores Market and Growth Rate (2019-2030)
10.7. Others
10.7.1. Global Others Market and Growth Rate (2019-2030)
11. Flavored Whiskey Market, By Region
11.1. Introduction
11.2. Flavored Whiskey Market and Growth Rate By Regions
11.3. North America
11.3.1. North America Flavored Whiskey Market and Growth Rate (2019-2030))
11.3.2. North America Flavored Whiskey Market By Type (2019-2030)
11.3.3. North America Flavored Whiskey Market By Application (2019-2030)
11.3.4. North America Flavored Whiskey Market By Country (2019-2030)
11.3.5. United States
11.3.5.1. United States Flavored Whiskey Market and Growth Rate (2019-2030)
11.3.5.2. United States Flavored Whiskey Market By Type (2019-2030)
11.3.5.3. United States Flavored Whiskey Market By Application (2019-2030)
11.3.6. Canada
11.3.6.1. Canada Flavored Whiskey Market and Growth Rate (2019-2030)
11.3.6.2. Canada Flavored Whiskey Market By Type (2019-2030)
11.3.6.3. Canada Flavored Whiskey Market By Application (2019-2030)
11.4. Europe
11.4.1. Europe Flavored Whiskey Market and Growth Rate (2019-2030))
11.4.2. Europe Flavored Whiskey Market By Type (2019-2030)
11.4.3. Europe Flavored Whiskey Market By Application (2019-2030)
11.4.4. Europe Flavored Whiskey Market By Country (2019-2030)
11.4.5. Germany
11.4.5.1. Germany Flavored Whiskey Market and Growth Rate (2019-2030)
11.4.5.2. Germany Flavored Whiskey Market By Type (2019-2030)
11.4.5.3. Germany Flavored Whiskey Market By Application (2019-2030)
11.4.6. France
11.4.6.1. France Flavored Whiskey Market and Growth Rate (2019-2030)
11.4.6.2. France Flavored Whiskey Market By Type (2019-2030)
11.4.6.3. France Flavored Whiskey Market By Application (2019-2030)
11.4.7. UK
11.4.7.1. UK Flavored Whiskey Market and Growth Rate (2019-2030)
11.4.7.2. UK Flavored Whiskey Market By Type (2019-2030)
11.4.7.3. UK Flavored Whiskey Market By Application (2019-2030)
11.4.8. Russia
11.4.8.1. Russia Flavored Whiskey Market and Growth Rate (2019-2030)
11.4.8.2. Russia Flavored Whiskey Market By Type (2019-2030)
11.4.8.3. Russia Flavored Whiskey Market By Application (2019-2030)
11.4.9. Italy
11.4.9.1. Italy Flavored Whiskey Market and Growth Rate (2019-2030)
11.4.9.2. Italy Flavored Whiskey Market By Type (2019-2030)
11.4.9.3. Italy Flavored Whiskey Market By Application (2019-2030)
11.4.10. Rest of Europe
11.4.10.1. Rest of Europe Flavored Whiskey Market and Growth Rate (2019-2030)
11.4.10.2. Rest of Europe Flavored Whiskey Market By Type (2019-2030)
11.4.10.3. Rest of Europe Flavored Whiskey Market By Application (2019-2030)
11.5. Asia-Pacific
11.5.1. Asia-Pacific Flavored Whiskey Market and Growth Rate (2019-2030))
11.5.2. Asia-Pacific Flavored Whiskey Market By Type (2019-2030)
11.5.3. Asia-Pacific Flavored Whiskey Market By Application (2019-2030)
11.5.4. Asia-Pacific Flavored Whiskey Market By Country (2019-2030)
11.5.5. China
11.5.5.1. China Flavored Whiskey Market and Growth Rate (2019-2030)
11.5.5.2. China Flavored Whiskey Market By Type (2019-2030)
11.5.5.3. China Flavored Whiskey Market By Application (2019-2030)
11.5.6. Japan
11.5.6.1. Japan Flavored Whiskey Market and Growth Rate (2019-2030)
11.5.6.2. Japan Flavored Whiskey Market By Type (2019-2030)
11.5.6.3. Japan Flavored Whiskey Market By Application (2019-2030)
11.5.7. Korea
11.5.7.1. Korea Flavored Whiskey Market and Growth Rate (2019-2030)
11.5.7.2. Korea Flavored Whiskey Market By Type (2019-2030)
11.5.7.3. Korea Flavored Whiskey Market By Application (2019-2030)
11.5.8. India
11.5.8.1. India Flavored Whiskey Market and Growth Rate (2019-2030)
11.5.8.2. India Flavored Whiskey Market By Type (2019-2030)
11.5.8.3. India Flavored Whiskey Market By Application (2019-2030)
11.5.9. Southeast Asia
11.5.9.1. Southeast Asia Flavored Whiskey Market and Growth Rate (2019-2030)
11.5.9.2. Southeast Asia Flavored Whiskey Market By Type (2019-2030)
11.5.9.3. Southeast Asia Flavored Whiskey Market By Application (2019-2030)
11.5.10. Rest of Asia-Pacific
11.5.10.1. Rest of Asia-Pacific Flavored Whiskey Market and Growth Rate (2019-2030)
11.5.10.2. Rest of Asia-Pacific Flavored Whiskey Market By Type (2019-2030)
11.5.10.3. Rest of Asia-Pacific Flavored Whiskey Market By Application (2019-2030)
11.6. South America
11.6.1. South America Flavored Whiskey Market and Growth Rate (2019-2030))
11.6.2. South America Flavored Whiskey Market By Type (2019-2030)
11.6.3. South America Flavored Whiskey Market By Application (2019-2030)
11.6.4. South America Flavored Whiskey Market By Country (2019-2030)
11.6.5. Brazil
11.6.5.1. Brazil Flavored Whiskey Market and Growth Rate (2019-2030)
11.6.5.2. Brazil Flavored Whiskey Market By Type (2019-2030)
11.6.5.3. Brazil Flavored Whiskey Market By Application (2019-2030)
11.6.6. Mexico
11.6.6.1. Mexico Flavored Whiskey Market and Growth Rate (2019-2030)
11.6.6.2. Mexico Flavored Whiskey Market By Type (2019-2030)
11.6.6.3. Mexico Flavored Whiskey Market By Application (2019-2030)
11.6.7. Columbia
11.6.7.1. Columbia Flavored Whiskey Market and Growth Rate (2019-2030)
11.6.7.2. Columbia Flavored Whiskey Market By Type (2019-2030)
11.6.7.3. Columbia Flavored Whiskey Market By Application (2019-2030)
11.6.8. Rest of South America
11.6.8.1. Rest of South America Flavored Whiskey Market and Growth Rate (2019-2030)
11.6.8.2. Rest of South America Flavored Whiskey Market By Type (2019-2030)
11.6.8.3. Rest of South America Flavored Whiskey Market By Application (2019-2030)
11.7. Middle East and Africa
11.7.1. Middle East and Africa Flavored Whiskey Market and Growth Rate (2019-2030))
11.7.2. Middle East and Africa Flavored Whiskey Market By Type (2019-2030)
11.7.3. Middle East and Africa Flavored Whiskey Market By Application (2019-2030)
11.7.4. Middle East and Africa Flavored Whiskey Market By Country (2019-2030)
11.7.5. Saudi Arabia
11.7.5.1. Saudi Arabia Flavored Whiskey Market and Growth Rate (2019-2030)
11.7.5.2. Saudi Arabia Flavored Whiskey Market By Type (2019-2030)
11.7.5.3. Saudi Arabia Flavored Whiskey Market By Application (2019-2030)
11.7.6. United Arab Emirates
11.7.6.1. United Arab Emirates Flavored Whiskey Market and Growth Rate (2019-2030)
11.7.6.2. United Arab Emirates Flavored Whiskey Market By Type (2019-2030)
11.7.6.3. United Arab Emirates Flavored Whiskey Market By Application (2019-2030)
11.7.7. South Africa
11.7.7.1. South Africa Flavored Whiskey Market and Growth Rate (2019-2030)
11.7.7.2. South Africa Flavored Whiskey Market By Type (2019-2030)
11.7.7.3. South Africa Flavored Whiskey Market By Application (2019-2030)
11.7.8. Rest of Middle East and Africa
11.7.8.1. Rest of Middle East and Africa Flavored Whiskey Market and Growth Rate (2019-2030)
11.7.8.2. Rest of Middle East and Africa Flavored Whiskey Market By Type (2019-2030)
11.7.8.3. Rest of Middle East and Africa Flavored Whiskey Market By Application (2019-2030)
12. Company Profiles
12.1. Brown-Forman Corporation
12.1.1. Business Overview
12.1.2. Service Portfolio
12.1.3. Strategic Developments
12.1.4. Financial Overview
12.2. Bacardi Limited
12.2.1. Business Overview
12.2.2. Service Portfolio
12.2.3. Strategic Developments
12.2.4. Financial Overview
12.3. Beam Inc.
12.3.1. Business Overview
12.3.2. Service Portfolio
12.3.3. Strategic Developments
12.3.4. Financial Overview
12.4. The Crown Royal Company
12.4.1. Business Overview
12.4.2. Service Portfolio
12.4.3. Strategic Developments
12.4.4. Financial Overview
12.5. The Old Bushmills Distillery Co.
12.5.1. Business Overview
12.5.2. Service Portfolio
12.5.3. Strategic Developments
12.5.4. Financial Overview
12.6. Pernod Ricard SA.
12.6.1. Business Overview
12.6.2. Service Portfolio
12.6.3. Strategic Developments
12.6.4. Financial Overview
12.7. Diageo Plc.
12.7.1. Business Overview
12.7.2. Service Portfolio
12.7.3. Strategic Developments
12.7.4. Financial Overview
12.8. Allied Blenders & Distillers Pvt Ltd
12.8.1. Business Overview
12.8.2. Service Portfolio
12.8.3. Strategic Developments
12.8.4. Financial Overview
12.9. Constellation Brands, Inc.
12.9.1. Business Overview
12.9.2. Service Portfolio
12.9.3. Strategic Developments
12.9.4. Financial Overview
12.10. La Martiniquaise
12.10.1. Business Overview
12.10.2. Service Portfolio
12.10.3. Strategic Developments
12.10.4. Financial Overview
12.11. Sazerac Company Inc.
12.11.1. Business Overview
12.11.2. Service Portfolio
12.11.3. Strategic Developments
12.11.4. Financial Overview
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2027) |
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