Global Scotch Whiskey Market Size, Share and Trends Analysis, By Product (Bottle Blended, Bulk Blended, Single Malt Bottle, and Single/Blended Grain), By Distribution Channel (Online Stores, Retail Stores, and Specialty Stores), Forecast (2022-2028)

The global scotch whiskey market is expected to grow at a CAGR of 5% during the forecast period. The market growth is driven by the rising middle-class disposable income and the growing popularity of scotch whiskey, which has a distinct flavour. Scotch, often known as malt whiskey, is created entirely of distilled water and malted barley in Scotland, whereas traditional whiskeys are made from fermented grain mashes of wheat, corn, and barley. The scotch whisky is kept in old barrels for at least three years, sometimes up to 50 years. It’s also an excellent antioxidant that, when ingested in moderation, can support prevent heart attacks, blood clots, and strokes.

Every second, 42 bottles of Scotch whiskey are exported to 172 countries, according to the Scotch Whisky Association. Furthermore, the old historic whiskey contributes $6.8 billion to the UK economy’s gross value added (GVA). The scotch whisky in the barrels gradually evaporates at a rate of about 2% per year, equating to about 29 million gallons of total liquid in the barrel. Single malt and single grain Scotch Whisky are two types of Scotch Whisky. Single malt is produced by a single distillery and contains only malted barley, whereas single grain is less usually found on liquor store shelves owing to the addition of whole grains. Single grain scotch is used in the majority of blended scotch whiskeys.

The intricacy and distinct flavour of scotch whiskey have led the interest of millennials, which in turn, is expected to drive the market growth. Despite the fact that the US has more distilleries than Scotland, the demand for scotch whiskey is predicted to increase during the forecast period. Some distilleries are experimenting with flavouring whiskeys and are anticipating the results. The cost of scotch whisky is a major limitation on the market, which can affect sales in developing nations.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Bacardi, Beam Suntory, and Diageo plc, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Scotch Whiskey Market Report by Segment

By Product

• Bottle Blended
• Bulk Blended
• Single Malt Bottle
• Single/Blended Grain

By Distribution Channel

• Online Stores
• Retail Stores
• Specialty Stores

Global Scotch Whiskey Market Report by Region

North America

• US
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle-East and Africa