Japanese Whisky Market Worth $1.1 Billion By 2025 | CAGR 9.4%

The global Japanese Whisky Market size is expected to reach USD 1.1 billion by 2025, according to a new report by Grand View Research, Inc., registering a 9.4% CAGR over the forecast period. Factors such as increasing awareness regarding aged whisky and growing taste for unique and imported spirits are driving the demand for Japanese whisky in the global alcohol market.

Using Japanese whiskey as a component in numerous cocktails is a popular trend among consumers, driven by growing interest in cocktail concoctions and experimental mixology. Social media has also played a major role in spreading awareness and increasing the popularity of Japanese whisky through posts and blogs. Growing presence of bars and pubs across the globe has also promoted the consumption of unique and imported liquors, such as Japanese whisky. Rising popularity of home bars and interest in mixology are also driving the consumption of Japanese whiskey in the residential sector. This segment is likely to register a CAGR of 9.2% over the forecast period, while the commercial application of Japanese whisky is expected to exhibit a 9.4% CAGR.

On-trade distribution channels held the largest revenue share in 2018 owing to rising per capita income of consumers, adoption of luxury lifestyle, and consumption of premium spirits in countries including U.S., U.K., Germany, India, and China. Rising trend of Happy Hours offered by various commercial restaurants, pubs, hotels, and breweries serving alcohol is boosting the footfall of consumers in such retail sectors.

Asia Pacific led the global market in 2018 with a share of 66.7%. This can be attributed to presence of the largest production facility in Japan and high product penetration in the region. Population growth, urbanization, and rising disposable income in countries such as China, India, and Thailand are anticipated to play an important role in driving the overall alcohol market, having a positive impact on the consumption of Japanese whiskey in the coming years.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/japanese-whisky-market

Further key findings from the report suggest:

• In terms of revenue, the residential application is projected to expand at a CAGR of 9.2% over the forecast years. The segment also held the dominant share in the Japanese whiskey market in in 2018
• On-trade distribution channels held the largest revenue share in 2018 owing to rising per capita income of consumers, adoption of luxury lifestyle, and consumption of premium spirits
• Asia Pacific led the global market in 2018 with a share of 66.7%. This can be attributed to presence of the largest production facility in Japan and high product penetration in the region
• The industry is highly competitive in nature with key players including Suntory Holdings Ltd., Nikka Whisky Distilling Co., Ltd., Chichibu Distillery, Venture Whisky, Ltd., FLAVIAR, Louisville Distilling Co. LLC, Asahi Breweries Ltd., Jf Hillebrand Japan Kk, Hombo Shuzo Co Ltd, and Yoshino Spirits.

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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