NEW YORK , Aug. 30, 2024 /PRNewswire/ -- Report with market evolution powered by AI- The global luxury whiskey market size is estimated to grow by USD 746.9 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 5.29% during the forecast period. Growth in whiskey-based tourism is driving market growth, with a trend towards growing development on product innovation and launch of luxury whiskey.
However, stringent regulations and high taxes on spirits poses a challenge. Key market players include Allied Blenders and Distillers Pvt. Ltd.
, Angus Dundee Distillers Plc, Asahi Group Holdings Ltd., Bacardi Ltd., Brown Forman Corp.
, Campari Group, Constellation Brands Inc., Diageo, John Distilleries Pvt. Ltd.
, KAIYO JAPANESE MIZUNARA OAK WHISKY, Kirin Holdings Co. Ltd., La Martiniquaise-Bardinet, Luxco Inc.
, LVMH Group., Pernod Ricard SA, Piccadily Distilleries, Suntory Holdings Ltd., The Edrington Group Ltd.
, Whyte and Mackay Ltd, and William Grant and Sons Ltd. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Key Market Trends Fueling Growth The luxury whiskey market is experiencing significant growth due to increasing consumer demand for premium spirits. This trend is driven by factors such as rising disposable income, cultural significance, and the desire for unique and high-quality products.
Major players in the industry are investing in innovation and expansion to .