The worldwide Irish whisky market is anticipated to rise over the course of the projected period due to an increase in partnerships among top firms with the purpose of expanding their market presence across the world. For instance, in August 2019, Pernod Ricard, a French business that ranks among the world's leaders in the alcoholic beverage sector, purchased Castle Brands, a U.S. spirits producer that sells premium alcoholic beverage brands abroad. With this acquisition, Knappogue Castle Irish Whisky and Clontarf Irish Whisky were transferred to Pernod Ricard.
The market for Irish whisky was estimated to be worth 95 million litres worldwide in 2018, and it is anticipated to grow at a CAGR of 8.9% from 2019 to 2027 to reach 200 million litres.
Top Companies in the Irish Whiskey Industry:
1. Beam Suntory: Built in 1970. Head office in the United States. Located in the United States, Brown-Forman produces high-end distilled spirits. Jack Daniel's, a well-known Tennessee whisky brand, and Woodford Reserve and Old Forester, two well-known bourbon brands, account for about 70% of the company's whisky category sales. Additionally, it produces and sells premium wines, vodka, and tequila. The company's domestic market accounts for 49% of sales, while Europe, Australia, and Latin America account for the majority of its international earnings. Over 50% of the company's financial interests and voting power are under the control of the Brown family. Completed Purchase of the Diplomatico Rum Brand by Brown-Forman
2. Brown-Forman: Established in 1904. Head office in the United States. Producer of premium spirits and hard liquors with a global consumer base in mind. The business serves its consumers' alcoholic beverage demands by operating a number of brands and distilleries and providing bourbon, Japanese, Canadian, Irish and Scotch whisky.
3. Diageo: Diageo, the result of the 1997 merger of Grand Metropolitan and Guinness, is one of the top makers of branded premium spirits worldwide, about equal to Kweichow Moutai in terms of revenue. Beer and wine are also produced and sold by it. The list of brands includes Baileys Irish Cream, Smirnoff vodka, Crown Royal Canadian whisky, Captain Morgan rum, Casamigos tequila, Tanqueray gin and Guinness stout, among others. Don Papa Rum's takeover by Diageo is complete.
4. Pernod Ricard: Built in 1975. Headquarters in France, in Paris. After Diageo, Pernod Ricard is the second-largest volume producer of spirits worldwide. Europe, the United States, and Asia are the company's three main markets. The most well-known alcoholic beverages produced by Pernod are Absolut vodka, Beefeater gin, Chivas Regal, The Glenlivet, Jameson Irish whisky, Malibu rum and Martell cognac. The company's strategic wine portfolio comprises Jacob's Creek, Brancott Estate, Campo Viejo, Mumm, and Perrier-Jouet, which together accounted for about 5% of the focus brands' fiscal 2022 revenue.
5. William Grant & Sons: Established in 2013. Head office in Mexico. A hot liqueur with Mexican roots. A natural and genuine liqueur made from ancho and poblano chiles grown in the volcanically rich soils of Puebla, Mexico, is the asset. William Grant & Sons, a Scottish spirits company, has purchased a distillery in Mexico to promote innovation and assist Milagro Tequila's expansion.
6. Castle Brands: Created in 1998. Headquarters in the United States. A corporation with its headquarters in the United States, Castle products Inc. creates and markets premium and ultra-premium products in the beverage alcohol categories. Rum, whisky, liqueurs, vodka, tequila, wine, and other spirits are among its product categories, along with ginger beer and ready-to-drink cocktails. Geographically, the company is present in both the domestic and international markets. Castle Brands will be purchased by Pernod Ricard for $223 million.
*Definition: Irish Malt Whiskey is a pot distilled spirit that comes from 100% malted barley.
