1. What is the projected Compound Annual Growth Rate (CAGR) of the Scotch Whisky Market?
The projected CAGR is approximately 6.31%.
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Scotch Whisky MarketScotch Whisky Market by Type (Single Malt Scotch Whisky, Blended Scotch Whisky, Others), by Distribution Channel (On-trade, Off-trade), by North America (U.S., Canada, Mexico), by Europe (U.K., France, Italy, Spain, Germany, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East & Africa (South Africa, UAE, Rest of the Middle East & Africa) Forecast 2026-2034
The Scotch Whisky Market size was valued at USD 30.58 USD Billion in 2023 and is projected to reach USD 46.93 USD Billion by 2032, exhibiting a CAGR of 6.31 % during the forecast period. Scotch whisky, often simply referred to as Scotch, is a distinctive type of whisky that is produced exclusively in Scotland, adhering to strict regulations that govern its production, aging, and labeling. To qualify as Scotch, the whisky must be made from malted barley or grains, and it must be distilled at a distillery in Scotland for a minimum of three years in oak casks. The two primary types of Scotch are single malt and blended whisky. Single malt Scotch is crafted from 100% malted barley at a single distillery, while blended Scotch combines single malts from different distilleries with grain whisky to create a harmonious flavor profile. The production process begins with malting, where barley grains are soaked in water and allowed to germinate. After drying the malted barley, the grains are ground into a coarse powder called grist. This grist is mixed with hot water to extract sugars, resulting in a sugary liquid known as wort. Yeast is then added to ferment the wort, producing alcohol. This liquid is distilled twice in pot stills, leading to a spirit that typically has a higher alcohol content.
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Distribution Channel:
The definitive Scotch whisky market report offers an in-depth exploration of the industry, encompassing:
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 6.31% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 6.31%.
Key companies in the market include William Grant & Sons (U.K.), Pernod Ricard (France), Diageo Plc (U.K.), Beam Suntory, Inc. (U.S.), Aceo Ltd. (U.K.), La Martiniquaise (France), Edrington (U.K.), Asahi Group Holdings, Ltd. (Japan), Gordon & Macphail (U.K.), Bacardi & Company Limited (U.S.) .
The market segments include Type, Distribution Channel.
The market size is estimated to be USD 30.58 USD Billion as of 2022.
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April 2023: Royal Salute launched two luxury blended scotch whiskies. The company announced the launch of a rare decanter, the Royal Salute Platinum Jubilee Edition and the Royal Salute House of Quinn decanter. This release would be available at the Duty-Free at the departures store of Chhatrapati Shivaji Maharaj International Airport, Mumbai. This launch helped the company to increase the company’s presence in the Indian market.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Million Kg.
Yes, the market keyword associated with the report is "Scotch Whisky Market," which aids in identifying and referencing the specific market segment covered.
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