Whiskey Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Whiskey Market Report is Segmented by Product Type (American Whiskey, Irish Whiskey, Scotch Whiskey, Canadian Whiskey, and More), by End User (Men, Women), by Category (Mass, Premium), by Ingredient (Corn, Malt, Blended and More), by Distribution Channel (On-Trade, Off-Trade), and by Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Whiskey Market Size and Share

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Whiskey Market Analysis by Mordor Intelligence

In 2025, the whiskey market is valued at USD 155.87 billion and is projected to grow to USD 192.87 billion by 2030, reflecting a steady 4.35% CAGR during the forecast period. According to the Alcohol and Tobacco Tax and Trade Bureau, this growth is driven by evolving consumer preferences, the formal recognition of American Single Malt in January 2025, and a continued focus on premiumization. Scotch remains the dominant category; however, Irish whiskey is experiencing the fastest growth in terms of volume. Additionally, the increasing participation of female consumers and the expansion of e-commerce channels are significantly transforming market dynamics and distribution strategies. Regulatory reforms in major whiskey-producing countries are reducing barriers for craft distillers, fostering innovation and competition. Despite these positive developments, the market faces challenges such as potential EU tariffs and proposed U.S. labeling regulations, which could increase operational costs. On the supply side, capacity expansions, such as Buffalo Trace's USD 1.2 billion investment announced in January 2025, demonstrate confidence in the market's long-term growth potential. This expansion will increase the distillery's production capacity by 150%, enabling it to produce up to 500,000 barrels annually, ensuring readiness to meet future demand despite short-term inventory fluctuations.

Key Report Takeaways

  • By product type, scotch retained 32.65% of whiskey market share in 2024, whereas Irish whiskey is projected to grow at a 4.86% CAGR through 2030. 
  • By end user, male consumers accounted for 67.46% of the whiskey market in 2024; the female segment is expanding at a 5.03% CAGR to 2030. 
  • By category, the mass segment held 61.55% of the whiskey market size in 2024; premium expressions are forecast to rise at a 5.43% CAGR to 2030. 
  • By ingredient, corn-based spirits commanded 27.53% of the whiskey market size in 2024, while malt-based are advancing at a 5.75% CAGR between 2025-2030. 
  • By distribution channel, on-trade captured 53.65% of the 2024 whiskey market; off-trade is expected to expand at a 4.63% CAGR through 2030. 
  • By geography, Asia-Pacific led with 30.65% whiskey market share in 2024, yet South America is set for the highest regional CAGR of 5.95% to 2030

Segment Analysis

By Product Type: Irish Agility Challenges Scotch Heft

 In 2024, scotch whiskey held a significant 32.65% share of the global whiskey market, underscoring its enduring reputation and extensive global distribution network. The category's dominance is rooted in its premium age-statement expressions, which continue to be highly sought after, particularly in Asian markets where the strong gifting culture drives consistent demand. However, Scotch whiskey is not without its challenges. Rising costs, driven by the EU's carbon-border adjustment mechanisms, are expected to increase import expenses for glass bottles, potentially impacting pricing strategies. Additionally, the category faces growing competition from emerging whiskey types and evolving consumer preferences that lean toward innovation and variety. Despite these hurdles, Scotch whiskey's deep heritage, consistent quality, and established presence in the luxury segment ensure its position as a cornerstone of the global whiskey market remains unshaken.

Irish whiskey is experiencing rapid growth, with a projected CAGR of 4.86% through 2030. This growth is fueled by targeted investments in advanced triple-distillation techniques, diverse cask finishes, and immersive visitor experiences that enhance brand engagement. According to the Irish Whiskey Association, the number of operational distilleries in Dublin and Cork has seen a remarkable increase, rising from just four in 2010 to an anticipated 32 by 2025. These distilleries are leading the way in innovation, experimenting with unique cask finishes such as Calvados, Sauternes, and even tea barrels, creating distinctive flavor profiles that set Irish whiskey apart from traditional Highland and Speyside Scotch varieties. Globally, Irish whiskey brands are gaining traction on premium cocktail menus in cities ranging from Singapore to São Paulo. Their lighter, more approachable styles are particularly appealing to new legal-age consumers, further solidifying Irish whiskey's growing prominence in the global market.

Whiskey Market: Market Share by Product Type
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Note: Segment shares of all individual segments available upon report purchase

By End User: Female Participation Reframes Demand

In 2024, men continued to dominate global whiskey consumption, accounting for 67.46% of the market share. This demographic has long influenced whiskey culture and purchasing trends, favoring bold, barrel-strength expressions and traditional flavor profiles such as fermented rye florals. Distilleries have consistently catered to this core audience by focusing on offerings that emphasize depth, complexity, and heritage. However, marketing strategies are gradually evolving to strike a balance between honoring tradition and appealing to contemporary tastes. These strategies are incorporating more inclusive narratives while ensuring they do not alienate the loyal male consumer base.

Women are emerging as the fastest-growing demographic in the whiskey market, boasting a projected CAGR of 5.03% through 2030. Their rising involvement in formal tasting clubs underscores their significant sway over the market, influencing everything from flavor innovations and packaging designs to event programming. For instance, data from the Spanish Observatory on Drugs and Addictions indicates that, as of 2024, younger women are consuming more alcohol than their older counterparts [2]Source: Spanish Observatory on Drugs and Addictions," 2024 Technical report on Alcohol," pnsd.sanidad.gob.es. In light of this trend, distilleries are honing in on barrel-strength profiles and floral rye notes, tailoring them to female palates. Marketing strategies have evolved, shifting from traditional masculine narratives to inclusive storytelling that highlights the diversity of master blenders and distillery leaders. Women are gravitating towards premium whiskey segments, frequently opting for limited editions as gifts or personal acquisitions. 

By Category: Premium Keeps Outpacing Mass

In 2024, mass-market whiskey variants captured 61.55% of the global volume, becoming pivotal for consumers diving into highball culture and cocktail trends, particularly in emerging markets. These budget-friendly options not only familiarize newcomers with whiskey but also serve as popular bases for mixed drinks during casual gatherings. Yet, despite their volume lead, mass-market variants grapple with challenges from inflation and evolving consumer tastes, straining both margins and discretionary spending. Producers in this arena face the dual challenge of ensuring affordability while upholding a quality image to stay relevant and maintain volume.

Meanwhile, the premium and super-premium whiskey segments are on a rapid ascent, eyeing a CAGR of 5.43% through 2030. This growth is fueled by consumers opting for upscale choices during celebrations and gifting, especially in Asian markets. Here, luxury touches, like embossed bottles, custom closures, and reusable decanters, serve as markers of quality, justifying their elevated price tags. The trend of premiumization is further bolstered by cask-strength releases, which exude authenticity and craftsmanship. At the same time, ultra-premium whiskeys, particularly those aged 18 years and above, enjoy robust demand, often flying off the shelves through direct-to-consumer sales.

Whiskey Market: Market Share by Category
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By Ingredient: Corn Dominance Meets Experimental Wave

In 2024, bourbon, a corn-based spirit, held a commanding 27.53% share of the global whiskey market. This dominance is largely attributed to bourbon's entrenched popularity in the U.S. and its surging appeal in global markets. For instance, the Distilled Spirits Council of the United States reported that exports reached a record USD 2.4 billion in 2024 [3]Source: Distilled Spirits Council of the United States, "American Spirits Exports in 2024 Report,"distilledspirits.org. Bourbon's unique sweet and full-bodied profile, combined with its rich heritage, has solidified its status as a global whiskey staple. This segment enjoys advantages from established production standards, widespread consumer recognition, and strong distribution networks. Furthermore, blended grain whiskeys, which often mix corn with other grains, maintain a prominent position at mainstream price points. They achieve this by offering consistent flavors and scale efficiencies, ensuring their availability in both on-trade and off-trade channels.

Forecasted to grow at a 5.75% CAGR through 2030, malt-based whiskeys are emerging as the fastest-growing segment, fueled by rising global appreciation for craftsmanship and authenticity. Crafted from 100% malted barley, these whiskeys attract connoisseurs who value depth, complexity, and heritage. The American single malt category stands out, merging traditional Scotch-making with domestic innovations like aging in smaller casks and regional experimentation. This trend mirrors a wider consumer shift towards premiumization and narrative-driven choices. Rye and wheat whiskeys, meanwhile, carve out their niches: rye for cocktail aficionados and wheat for those with a preference for a smoother taste. The surging demand for malt not only highlights an evolution in consumer preferences but also underscores the segment's growing significance in the global whiskey landscape.

Whiskey Market: Market Share by Ingredient type
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Note: Segment shares of all individual segments available upon report purchase

By Distribution Channel: Digital Off-Trade Accelerates

In 2024, bars, restaurants, and experiential venues, collectively known as the on-trade channel, commanded a significant 53.65% share of the global whiskey market. This segment flourishes on consumers' cravings for immersive drinking experiences, innovative cocktails, and social interactions in curated settings. The allure of premium whiskey selections and tailored cocktail menus enhances the on-trade's appeal, prompting consumers to pay a premium. While digital commerce gains traction, the on-trade channel remains paramount for brand discovery and sensory exploration, nurturing profound emotional ties between consumers and whiskey brands.

Off-trade channels, encompassing retail outlets and online platforms, are set to expand at a 4.63% CAGR until 2030, spurred by regulatory changes and digital advancements. In the U.S., shifting alcohol e-commerce regulations now permit direct-to-consumer shipping across 48 states, with many EU markets mirroring this approach. Online specialty retailers are boosting engagement through livestream tastings, turning viewers into immediate buyers and simplifying the purchasing process. In China, social-commerce platforms host brand live-streams, attracting tens of thousands of viewers, frequently

Geography Analysis

In 2024, Asia-Pacific holds a 30.65% share of the whiskey market, reflecting the region's growing affluence and evolving drinking habits. India, the largest whiskey market globally by volume, continues to benefit from increasing per-capita alcohol consumption and a strong focus on premiumization. This trend is further emphasized by Pernod Ricard's significant investment of INR 1,785 crore in a malt facility in Nagpur, set to enhance local sourcing capabilities in September 2024. Additionally, regulatory changes favoring higher-quality grain import quotas are creating a supportive environment for growth in the region.

South America is projected to achieve a 5.95% CAGR through 2030, driven by several key factors. Brazil's formal recognition of Scotch as a geographical indication in 2024 has provided greater legal clarity, enhancing consumer trust in the category. Furthermore, the expanding middle class and increasing inbound tourism in countries like Chile and Colombia are broadening the demand for premium whiskey imports. Local distillers in regions such as São Paulo and Patagonia are also leveraging native woods for cask finishing, which not only reinforces authenticity but also aligns with the growing narrative of import substitution and sustainability.

North America and Europe, while mature markets, remain critical for establishing and maintaining brand equity. In Europe, whiskey consumption continues to be deeply rooted in social settings, including cocktail bars and at-home gatherings, which sustain steady demand. Meanwhile, Africa and the Gulf regions, though still emerging markets, present significant growth opportunities. In Kenya, regulatory liberalization is paving the way for market expansion, while selective duty-free openings in the UAE are introducing premium whiskey categories to previously untapped consumer segments, signaling potential for long-term growth.

Whiskey Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The global whiskey market is moderately fragmented, and a dynamic mix of multinational corporations and agile independent players shapes the competitive landscape. Pernod Ricard's move to establish a dedicated whiskey division in the United States, coupled with its investment in a high-end malt distillery in China, highlights its strategic efforts to diversify its portfolio beyond its established Scotch offerings and cater to evolving consumer preferences.

Capacity expansion continues to be a key focus across the industry, as brands aim to position themselves to meet growing future demand while ensuring consistent product allocations. Concurrently, emerging players are increasingly adopting advanced technologies to secure a competitive edge in the market. A prominent example is Whiskey House of Kentucky, which, in July 2024, introduced artificial intelligence to enhance its fermentation processes. This technological advancement resulted in an impressive 50% reduction in energy consumption compared to Energy Star benchmarks. This achievement highlights the significant role of technology-driven innovations in promoting sustainability within whiskey production. 

While mergers among craft whiskey producers remain selective, strategic consolidations are increasingly focused on achieving operational efficiencies. These include shared bottling facilities, enhanced visitor-center experiences, and the scaling of digital storefronts to reach broader audiences. As competition intensifies, the industry faces the challenge of balancing the preservation of brand heritage with the adoption of data-driven production methods and sustainability practices that resonate with environmentally conscious and modern consumers.

Whiskey Industry Leaders

  1. Diageo PLC

  2. Pernod Ricard SA

  3. Suntory Holdings Ltd

  4. Asahi Group Holdings Ltd

  5. Bacardi Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Whiskey Market Concentration
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Recent Industry Developments

  • February 2025: Brown-Forman and Reyes Beverage Group have entered into a strategic partnership to collaboratively manage a robust distribution network in California. This collaboration aims to enhance the distribution and availability of whiskey and other alcoholic beverages across the region.
  • December 2024: Ballantine's introduced the second edition of its exclusive collection, “The Waiting”. This series comprises five unique variants. With an alcohol by volume (ABV) of 45.4% and a highly limited production of just 108 bottles, this rare expression is positioned as a luxury offering, carrying a suggested retail price of USD12,000 (EUR 9,500).
  • November 2024: Diageo PLC has strengthened its market presence by initiating the production of whiskey and other alcoholic beverages in China. This strategic move is supported by an investment of approximately USD 120 million, which has been allocated to establish a state-of-the-art production facility in the region. This expansion highlights the company's commitment to tapping into the growing demand for premium alcoholic beverages in the Chinese market.
  • June 2024: Suntory Holdings has introduced a new range of Japanese whiskeys, showcasing four unique variants: Yamazaki Golden Promise, Yamazaki Islay Peated Malt, Yamazaki 18-Year-Old Mizunara, and Hakushu 18-Year-Old Peated Malt. This launch highlights the company's commitment to innovation and craftsmanship in the premium whiskey market.

Table of Contents for Whiskey Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Premiumization of aged, limited releases
    • 4.2.2 Global cocktail culture and mixology growth
    • 4.2.3 Growing connoisseurship and education
    • 4.2.4 Sustainability and eco-friendly packaging
    • 4.2.5 Expansion of craft distilleries
    • 4.2.6 Whiskey tourism and experiential marketing
  • 4.3 Market Restraints
    • 4.3.1 Stringent government regulations
    • 4.3.2 Consumers' inclination towards healthy beverages
    • 4.3.3 Climate change impact on raw material supply
    • 4.3.4 Increasing consumer shift towards low-alcohol and non-alcoholic alternatives
  • 4.4 Consumer Behaviour Analysis
  • 4.5 Regulatory Outlook
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Buyers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitutes
    • 4.6.5 Degree of Competition

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Product Type
    • 5.1.1 American Whiskey
    • 5.1.2 Irish Whiskey
    • 5.1.3 Scotch Whiskey
    • 5.1.4 Canadian Whiskey
    • 5.1.5 Other Product Types
  • 5.2 By End User
    • 5.2.1 Men
    • 5.2.2 Women
  • 5.3 By Category
    • 5.3.1 Mass
    • 5.3.2 Premium
  • 5.4 By Ingredient
    • 5.4.1 Corn
    • 5.4.2 Malt
    • 5.4.3 Blended
    • 5.4.4 Others
  • 5.5 By Distribution Channel
    • 5.5.1 On-Trade
    • 5.5.2 Off-Trade
    • 5.5.2.1 Specialty/Liquor Stores
    • 5.5.2.2 Others Off Trade Channels
  • 5.6 By Geography
    • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Mexico
    • 5.6.1.4 Rest of North America
    • 5.6.2 Europe
    • 5.6.2.1 Germany
    • 5.6.2.2 France
    • 5.6.2.3 United Kingdom
    • 5.6.2.4 Spain
    • 5.6.2.5 Netherlands
    • 5.6.2.6 Italy
    • 5.6.2.7 Sweden
    • 5.6.2.8 Norway
    • 5.6.2.9 Rest of Europe
    • 5.6.3 Asia-Pacific
    • 5.6.3.1 China
    • 5.6.3.2 India
    • 5.6.3.3 Japan
    • 5.6.3.4 Australia
    • 5.6.3.5 South Korea
    • 5.6.3.6 Vietnam
    • 5.6.3.7 Indonesia
    • 5.6.3.8 Rest of Asia-Pacific
    • 5.6.4 South America
    • 5.6.4.1 Brazil
    • 5.6.4.2 Argentina
    • 5.6.4.3 Chile
    • 5.6.4.4 Rest of South America
    • 5.6.5 Middle East and Africa
    • 5.6.5.1 South Africa
    • 5.6.5.2 Nigeria
    • 5.6.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (Includes Global-level Overview, Market-level Overview, Core Segments, Financials, Strategic Info, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 Diageo PLC
    • 6.4.2 Pernod Ricard SA
    • 6.4.3 Suntory Holdings Ltd
    • 6.4.4 Asahi Group Holdings Ltd
    • 6.4.5 Bacardi Ltd
    • 6.4.6 Brown-Forman Corp.
    • 6.4.7 William Grant and Sons Ltd
    • 6.4.8 Edrington Group
    • 6.4.9 Kirin Holdings Co. Ltd
    • 6.4.10 Angus Dundee Distillers Plc
    • 6.4.11 Constellation Brands Inc.
    • 6.4.12 Campari Group
    • 6.4.13 Heaven Hill Brands
    • 6.4.14 Sazerac Company
    • 6.4.15 Ginglani Distillers Private Limited
    • 6.4.16 Nikka Whisky Distilling Co. Ltd
    • 6.4.17 Amrut Distilleries Ltd
    • 6.4.18 Allied Blenders & Distillers Ltd.
    • 6.4.19 Starward Distillery
    • 6.4.20 Archie Rose Distilling Co.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Global Whiskey Market Report Scope

Whiskey is a distilled alcoholic beverage made from fermented barley, corn, rye, wheat mash, or by distilling beer. The whiskey market is segmented by product type, distribution channel, and geography. Based on product type, the market is segmented into American whisky, Irish whisky, Scotch whisky, Canadian whisky, and other product types. By distribution channel, the market is segmented as on-trade and off-trade channels. Based on Geography, the market is segmented into North America (United States, Canada, Mexico, and Rest of North America), Europe (Spain, United Kingdom, Germany, France, Italy, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America), Middle East and Africa (South Africa, Saudi Arabia, and Rest of Middle East and Africa). For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Product Type American Whiskey
Irish Whiskey
Scotch Whiskey
Canadian Whiskey
Other Product Types
By End User Men
Women
By Category Mass
Premium
By Ingredient Corn
Malt
Blended
Others
By Distribution Channel On-Trade
Off-Trade Specialty/Liquor Stores
Others Off Trade Channels
By Geography North America United States
Canada
Mexico
Rest of North America
Europe Germany
France
United Kingdom
Spain
Netherlands
Italy
Sweden
Norway
Rest of Europe
Asia-Pacific China
India
Japan
Australia
South Korea
Vietnam
Indonesia
Rest of Asia-Pacific
South America Brazil
Argentina
Chile
Rest of South America
Middle East and Africa South Africa
Nigeria
Rest of Middle East and Africa
By Product Type
American Whiskey
Irish Whiskey
Scotch Whiskey
Canadian Whiskey
Other Product Types
By End User
Men
Women
By Category
Mass
Premium
By Ingredient
Corn
Malt
Blended
Others
By Distribution Channel
On-Trade
Off-Trade Specialty/Liquor Stores
Others Off Trade Channels
By Geography
North America United States
Canada
Mexico
Rest of North America
Europe Germany
France
United Kingdom
Spain
Netherlands
Italy
Sweden
Norway
Rest of Europe
Asia-Pacific China
India
Japan
Australia
South Korea
Vietnam
Indonesia
Rest of Asia-Pacific
South America Brazil
Argentina
Chile
Rest of South America
Middle East and Africa South Africa
Nigeria
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current Whiskey Market size?

The Whiskey Market is projected to register a CAGR of 5.60% during the forecast period (2025-2030)

What is the current size of the whiskey market?

The whiskey market is valued at USD 155.87 billion in 2025.

How fast is the whiskey market expected to grow?

It is forecast to expand at a 4.35% CAGR, reaching USD 192.87 billion by 2030.

Which whiskey category is growing the quickest?

Irish whiskey leads with a projected 4.86% CAGR through 2030, outpacing Scotch.

Which region shows the strongest growth potential?

South America tops the outlook with a 5.95% regional CAGR to 2030, led by Brazil.

Page last updated on: July 9, 2025

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