(Entertainment-NewsWire.com, December 08, 2017 ) According to the report Whiskey, published by Market Data Forecast, the North America market is projected to reach USD 1.72 billion by 2022, at a CAGR of 5.15% from 2017 to 2022.
Whiskey market is made from fermented grain mash. They are generally prepared from grains like barley, rye, corn (maize), and wheat. Whiskey is affordable luxury item which encourage companies to launch more premium whiskies.
Changing lifestyles, rise in disposable income, increase in liquor consumption and increasing affordability of whiskey are primary factors driving the market growth.
However, health hazards associated with whiskey consumption, heavy taxes and stringent regulations are hampering the market growth.
In product category blended whisky segment is expected to hold majority of the share during the forecast period. In the type category, premium whiskey is anticipated to constitute the largest market share.
Whiskey: Key Players
Some of the major companies operating in the Whiskey Market are Accolade Wines, Allied Blenders & Distillers, Asahi Breweries, Beam Suntory, Diageo, John Distilleries, Bacardi Ltd., Pernod Ricard and Smirnoff among others.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
