Market Size of Irish Whiskey Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.30 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Irish Whiskey Market Analysis
The Global Irish Whiskey Market is projected to register a CAGR of 6.3% during the forecast period(2022-2027).
Irish whiskey is one of the famous whiskey types constantly in demand across the European, and North American regions and a few parts of Asia. Consumers prefer Irish whiskey in the market for its smoothness and versatile nature to blend into different cocktails, which is extensively used in preparing cocktails and other alcohol mixes. This demand is propelled by the consumer's preference for fine-aged whiskey, and their preference for the quality of the product. In addition, the taste of Irish whiskey is what makes the consumers attracted to the product, it has a distinct flavor profile which can be described as light and fruity with evident cereal grain notes. However, the taste can be varied with aging, hence consumers in the market tend to spend more on aged whiskey for its taste and smoothness.
Single pot still is one of the commonly preferred Irish whiskey types, as it is distilled in a single distillery resulting in a peculiar flavor that the consumers preferred in the market. These products are made from single origin and are made from natural raw materials, nonpeated malted barley, water, and yeast. The usage of 30% malted barley and 30% of unmalted barley in the manufacturing process imparts a distinct flavors in the whiskey which attracts the consumers in the market. Hence, manufacturers in the market tend to introduce more products in this segment of the market, For instance, in September 2021,Walsh Whiskey launched its new single pot still Irish whiskey in Europe. Writers Tears product are originally matured in bourbon barrels, triple distilled, single pot still whiskey. These products are retailed in Ireland, United Kingdom, France, Germany and Holland.
