Flavored Whiskey Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

Flavored whiskey is known as whiskey-based liqueurs, comes with various flavors for consumers who have a preference for a smoother and unique accent in their drink. With other spirit offering such as beer, vodka, and rum, whiskey manufacturers have further invested in the flavored whiskey market by expanding their product portfolio with flavored offerings. The flavored whiskey is largely welcomed owing to its ability curve out "off tastes" from the finished product to give the consumer a relaxing and sherbety finish.

MARKET DYNAMICS

The flavored whiskey market has witnessed significant growth owing to factors such as wider availability of product variants with a wide range of flavors, including apple, cider, citrus, cinnamon, honey, peanut butter, cherry, and many others. The global flavored whiskey market is expected to be driven by a youth-centric product trend. The increasing younger population is expected to create demand for flavored whiskey over the forecast period. Also, a spike in the female drinking population is anticipated, which requires a different taste profile to target, which is why flavored spirits are expected to witness high CAGR growth in the developing regions globally. However, The competitive flavored spirit and lower price point of craft beers over flavored whiskey are expected to restrain the global flavored whiskey market over the forecast period. Nevertheless, with the growing pubbing and clubbing culture among consumers, there are opportunities for the market players to come up with new flavored whiskey and to invest in this market.

MARKET SCOPE

The "Global Flavored Whiskey Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the flavored whiskey market with detailed market segmentation by type, end-user, flavor type, distribution channel, and geography. The global flavored whiskey market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading flavored whiskey market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global flavored whiskey market is segmented on the basis of type, end-user, flavor type, and distribution channel. Based on type, the flavored whiskey market is bifurcated into bourbon, scotch, malted, blended, and others. On the basis of end-user, the flavored whiskey market is segmented into retailers and HORECA. The flavored whiskey market on the basis of the flavor type is classified into citrus, honey, caramel, apple, and others. On the basis of distribution channel, global flavored whiskey market is bifurcated into hypermarkets /supermarkets, specialty stores, online stores, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global flavored whiskey market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The flavored whiskey market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the flavored whiskey market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the flavored whiskey market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global flavored whiskey market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from flavored whiskey market are anticipated to lucrative growth opportunities in the future with the rising demand for flavored whiskey in the global market. Below mentioned is the list of few companies engaged in the flavored whiskey market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the flavored whiskey market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Bacardi Limited, Beam Inc.
  
•   Brown-Forman Corporation
  
•   Diageo Plc.
  
•   Old Bushmills Distillery
  
•   Pernod Ricard
  
•   Pernod Ricard SA
  
•   SUNTORY
  
•   The Crown Royal Company
  
•   The Old Bushmills Distillery Co.
  
•   Others
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Flavored Whiskey Report Scope