Lewes, DE -- (SBWire) -- 10/14/2016 --Report forecast the global single malt whiskey market to grow at a CAGR of 6.72% during the period 2016-2020.
Single malt whiskey by definition needs to be made at a single distillery. It is made from fermented mash made with malted grain. The single malt whiskey market is dominated by single malt Scotch whisky, and it accounted for 59.28% of the market share in terms of volume in 2015.
The report covers the present scenario and the growth prospects of the global single malt whiskey market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of single malt whiskey products to individual consumers.
The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- MEA
According to the report, increase in export and import will be a key driver for market growth. The increase in exports and imports globally across various whiskey-consuming countries is also helping the sales of single malt whiskeys. In 2015, the export of single malt Scotch whisky from the UK increased by about 5% to $621.1 million. The import of single malt Scotch whisky to Canada increased by about 20% in 2015 to about $55 million and the import to Mexico increased by about 12% to $66 million. In European countries also the import of single malt Scotch whisky is increasing due to the growing popularity of the premium product. In Poland, the import of single malt Scotch whisky increased by about 45% to about $31 million, and in Turkey, the import of single malt Scotch whisky increased by about 28% to $35 million in 2015. In March 2016, Amrut Distilleries exported its first batch 1,500 cases of its Indian single malt whiskey to the UK market.
Further, the report states that shortage in supply of single malt whiskey is one of the key challenges faced by the market. Compared to blended whiskies, single malt whiskey must come from one distillery. The sales of single malt whisky nearly tripled in the US between 2002 and 2015. Also, the global export of single malt whiskey increased by about 159% between 2004 and 2014. By law, single malt Scotch whisky must be aged for a minimum of three years before it can be sold. Today's supply of 15 years old single malt Scotch whisky depends on the prediction the distillers made in 2001. The stock of Scotch whiskies aged above 11 years in the Scottish warehouses decreased by about 7% in 2014 to about 230 million liters.
Global Single Malt Whiskey Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global single malt whiskey market: Bacardi, Beam Suntory, Brown-Forman, Diageo, and Pernod Ricard.
Other Prominent Vendors in the market are: Asahi Breweries, Distell, Gruppo Campari, John Distilleries, Radico Khaitan, and United Spirits.
Market driver
- Rise in demand for premium single malt whiskey
- For a full, detailed list, view our report
Market challenge
- Shortage in single malt Scotch whisky
- For a full, detailed list, view our report
Market trend
- Emergence of new no age statement single malt whiskey products
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 66 pages "Global Single Malt Whiskey Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by distribution channel, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-single-malt-whiskey-market-2016-2020
Related Report;
Global Wine Market 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-wine-market-2016-2020
About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.
Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions
