Craft Beer

The global whiskey market will thrive at a healthy 6% CAGR during 2019 – 2029, as projected by a new Fact.MR report. Key players in the whiskey market are opting for marketing and promotional partnerships in events, and at restaurants and bars, to better penetrate the millennial consumer demographic.

“Production of whiskey in used casks of sherry, rum, cognac, wine, and other alcohols is generating diverse flavors. The global whiskey market is transitioning towards developing countries to leverage infrastructure.” says the Fact.MR report.

Whiskey Market: Key Findings

Blended grain whiskeys continue to lead global market demand with promising growth opportunities through the forecast period.
Premium whiskey brands will gain substantial traction owing to superior price to quality ratios.
High preference among consumers to drive the wheat based whiskey segment.
South Asia and Oceania continue to be at the forefront of demand, with considerable expansion of urban cultures.
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Whiskey Market: Key Driving Factors

The craft beer has become quite popular since the last decade, and prominent companies have already increased their regional presence to increase their market share in the global craft beer market. Fact.MR reveals that the global craft beer market is likely to reach peak maturity levels, and is expected to grow at a healthy CAGR of 7% in the forecast period. This notable growth is mainly influenced by the dominance of small and independent brewers, which will significantly increase during the forecast period.

Fact.MR also found that increasing consumer demand for premium and flavored craft beer is fueling the growth of the craft beer market through 2029. Increasing consumer inclination towards craft beer products combined with exceptional taste is expected to increase in the upcoming future.

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