Irish whiskey refers to a spirit that is triple distilled from a yeast-fermented mash of malted cereal grains, including corn, wheat, barley, etc. It is generally aged for a minimum of three years to impart a grainy, smooth, and light taste and flavor. Irish whiskey comprises of zinc, iron, phosphorus, thiamine, niacin, ellagic acid, antioxidants, etc. It aids in minimizing the risk of pneumonia, hypertension, tuberculosis, and obesity. As a result, Irish whiskey is widely popular and is served with various food items or cocktail recipes, such as fancy martinis and simple soda highballs.
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Report Metric |
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Historical: 2016-2021 |
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Base Year: 2021 |
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Forecast Year: 2022-2027 |
According to the latest report by IMARC Group, "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 Whisky Market Trends and Drivers:
The rising levels of alcohol consumption across the globe are among the key factors driving the Irish whiskey market. Furthermore, the inflating product usage among Millennials to relieve anxiety and stress, owing to their hectic lifestyles and work schedules, is also propelling the market growth.
Apart from this, the emerging trends of socializing and mid-week parties or gatherings are acting as significant growth-inducing factors. Moreover, the escalating demand for premium cocktails is further augmenting the market growth. In addition to this, the increasing utilization of Irish whiskey in fancy food recipes and the growing whiskey supplies in hotels, restaurants, cafés, etc., are also positively influencing the global market.
Besides this, numerous key market players are launching the product in new, novel, and exotic flavors via e-commerce channels, which, in turn, is expected to fuel the Irish whiskey market over the forecasted period.
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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
- William Grant & Sons Ltd.
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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