The Whiskey Warehousing by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Whiskey Warehousing, The whiskey warehousing market size has grown strongly in recent years. It will grow from $8.16 billion in 2023 to $8.92 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to rising consumer demand, globalization of whiskey consumption, expansion of distillery operations, quality control and aging processes, barrel size and storage requirements.
The whiskey warehousing market size is expected to see strong growth in the next few years. It will grow to $12.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to continued whiskey market growth, e-commerce and direct-to-consumer sales, strategic warehousing locations, innovation in barrel materials, emerging markets and consumption patterns. . Major trends in the forecast period include smart warehousing solutions, energy-efficient warehousing practices, cross-docking practices, dynamic temperature and humidity control, high-tech security measures.
Growing consumption of alcoholic beverages is expected to propel the growth of the whiskey warehousing market going forward. An alcoholic beverage is any drink other than water that contains more than 1.2% alcohol by volume. The contemporary drinking culture in business events, parties, and other settings has resulted in increased use of whisky for its flavor and texture. Hence, the growing consumption of alcoholic beverages is boosting the growth of the whiskey warehousing market For instance, in April 2022, according to the Alcoholic Beverage Consumption Statistics and Trends 2022, a report released by the Pennsylvania State University, a US-based state university, men were more likely to drink alcohol (63% vs. 57%), and people between the ages of 35 and 54 were more likely to drink (70% vs. 60%), as were elderly people (52%). Therefore, the growing consumption of alcoholic beverages is driving the growth of the whiskey warehousing market.
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The whiskey warehousing market covered in this report is segmented –
1) By Whiskey Type: Scotch, Bourbon, Irish Whiskey, Canadian Whiskey, Japanese Whisky, Others
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By Distribution Channel: On-Trade, Off-Trade
Technological advancements have emerged as a key trend gaining popularity in the whiskey warehousing market. Major companies operating in whiskey warehousing market are developing innovative technologies such as advanced coating technologies, whiskey storage solutions, and others to sustain their position in the market. For instance, in March 2023, Devil’s Cask LLC, a US-based provider of technology and innovations for the barrel-aged spirits industry, developed Aegis Coating, a patent-pending innovation that coats whisky barrels’ exteriors with a silicone-like material to minimize leaks and the angel’s share. Without substantially changing the flavor profile of the spirit that is maturing, the coating significantly reduces the amount of ethanol and water that evaporation from the cask.
The whiskey warehousing market report table of contents includes:
1. Executive Summary
2. Whiskey Warehousing Market Characteristics
3. Whiskey Warehousing Market Trends And Strategies
4. Whiskey Warehousing Market – Macro Economic Scenario
5. Global Whiskey Warehousing Market Size and Growth
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26. South America Whiskey Warehousing Market
27. Brazil Whiskey Warehousing Market
28. Middle East Whiskey Warehousing Market
29. Africa Whiskey Warehousing Market
30. Whiskey Warehousing Market Competitive Landscape And Company Profiles
Top Major Players:
- Diageo PLC
- William Grant & Sons Ltd
- Brown–Forman Corporation
- Allied Blenders and Distillers (ABD) Ltd
- Bacardi Limited
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