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Jan 10, 2024

Whiskey Warehousing Global Market Report 2023: Increasing Consumption of Alcoholic Beverages is Expected to Propel Growth

DUBLIN, June 6, 2023 /PRNewswire/ -- The "Whiskey Warehousing Global Market

DUBLIN, June 6, 2023 /PRNewswire/ -- The "Whiskey Warehousing Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the market.

The global whiskey warehousing market is expected to grow from $7.45 billion in 2022 to $8.18 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The whiskey warehousing market is expected to reach $11.50 billion in 2027 at a CAGR of 8.9%.

Major players in the whiskey warehousing market are Diageo Plc, William Grant & Sons Ltd, Brown-Forman Corporation, Allied Blenders and Distillers (ABD) Ltd., Bacardi Limited, Constellation Brands, Inc., Pernod Ricard, Angus Dundee Distillers PLC, King Car Group, La Martiniquaise, The Edrington Group Ltd., Chivas Brothers, Whyte & Mackay Ltd, Sazerac Co. Inc., and Suntory Holdings Limited.

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Whiskey warehousing refers to a place used by whiskey makers to store whisky barrels in a specified facility. These warehousing facility are used for maturing the distilled alcohol in oak barrels for a longer time, which allows the whisky to develop its distinct flavor and aroma.

The main whiskey warehousing types of whiskey are scotch, bourbon, irish whiskey, Canadian whiskey, Japanese whisky, and others. Scotch is a type of whisky produced in Scotland. It's made from malted barley, water, and yeast and matured in oak barrels for at least three years. The various ownerships are private warehousesk public warehouses, and bonded warehouses that are channelled through on-trade and off-trade.

Technological advancements have emerged as a key trend gaining popularity in the whiskey warehousing market. Major companies operating in whiskey warehousing market are developing innovative technologies such as advanced coating technologies, whiskey storage solutions, and others to sustain their position in the market.

For instance, in March 2023, Devil's Cask LLC, a US-based provider of technology and innovations for the barrel-aged spirits industry, developed Aegis Coating, a patent-pending innovation that coats whisky barrels' exteriors with a silicone-like material to minimize leaks and the angel's share. Without substantially changing the flavor profile of the spirit that is maturing, the coating significantly reduces the amount of ethanol and water that evaporation from the cask.

In November 2022, Diageo plc, a UK-based alcoholic beverage company, acquired Balcones Distilling for an undisclosed amount. This acquisition is in line with the business's strategy of acquiring high-growth brands in fast-growing areas, such as super-premium whisky, and the company looks forward to working with the Balcones team to help these world-class whiskies expand even further. Balcones Distilling is a US-based producer and manufacturer of single malt whiskey, including their own warehousing services.

North America was the largest region in the whiskey warehousing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in whiskey warehousing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the whiskey warehousing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Growing consumption of alcoholic beverages is expected to propel the growth of the whiskey warehousing market going forward. An alcoholic beverage is any drink other than water that contains more than 1.2% alcohol by volume. The contemporary drinking culture in business events, parties, and other settings has resulted in increased use of whisky for its flavor and texture. Hence, the growing consumption of alcoholic beverages is boosting the growth of the whiskey warehousing market.

The whiskey warehousing market includes revenues earned by entities by maturing whisky and storing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Key Topics Covered:

1. Executive Summary

2. Whiskey Warehousing Market Characteristics

3. Whiskey Warehousing Market Trends And Strategies

4. Whiskey Warehousing Market - Macro Economic Scenario

4.1. COVID-19 Impact On Whiskey Warehousing Market

4.2. Ukraine-Russia War Impact On Whiskey Warehousing Market

4.3. Impact Of High Inflation On Whiskey Warehousing Market

5. Whiskey Warehousing Market Size And Growth

5.1. Global Whiskey Warehousing Historic Market, 2017-2022, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Whiskey Warehousing Forecast Market, 2022-2027F, 2032F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Whiskey Warehousing Market Segmentation

6.1. Global Whiskey Warehousing Market, Segmentation By Whiskey Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Scotch

Bourbon

Irish Whiskey

Canadian Whiskey

Japanese Whisky

Other Types

6.2. Global Whiskey Warehousing Market, Segmentation By Ownership, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Private Warehouses

Public Warehouses

Bonded Warehouses

6.3. Global Whiskey Warehousing Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

On-Trade

Off-Trade

7. Whiskey Warehousing Market Regional And Country Analysis

7.1. Global Whiskey Warehousing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

7.2. Global Whiskey Warehousing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/xpkrsj

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