Whiskey is a distilled alcohol manufactured by distilleries from fermented malted grains such as rye, maize, or barley. It's a powerful, pale brown alcoholic beverage that originated in Ireland and Scotland. The adoption of favorable trade policies by various governments, as well as the reduction of import tariffs on spirits, are the primary reasons driving the worldwide whiskey industry's expansion. Furthermore, the expansion of distilleries around the world is expected to boost market growth during the forecast period. The average demand for aged premium whiskeys is expected to fluctuate, limiting the global whiskey market's rise.
Key Manufacturers in the Whiskey Industry:
1. Diageo plc
Diageo plc is a British multinational alcoholic beverage company, was founded in 1997 and headquartered in England, UK. It operates in more than 180 countries across the world. In June 2022, Diageo announced that it would purchase Vivanda, the company that owns the technology that powers both the Journey of Flavour experience at Johnnie Walker Princes Street and the digital portal "What's Your Whisky" for Diageo. Diageo will be able to introduce its FlavorPrint technology to new markets thanks to this acquisition.
2. Pernod Ricard
Pernod Ricard was founded in 1975 and headquartered in
Paris, France .It operates in over 160 countries. Pernod Ricard and Stock Spirits Group reached an agreement in principle on the potential sale of the Clan Campbell Blended Scotch Whisky brand in June 2023 through Chivas Brothers Limited after receiving a substantial offer from the maker of spirits and liqueurs. The appropriate employee representation bodies have yet to review this proposed transaction.
3. William Grant and Sons Ltd.
William Grant and Sons Ltd. is an independent, family-owned Scottish company that distills Scotch whisky and other selected categories of spirits. It was founded in 1887 and headquartered in North Lanarkshire, UK. It operates in Scotland, Ireland, Iceland, India, the US and Mexico.
4. Crown Royal
Crown Royal also known as Seagram's Crown Royal, is a blended Canadian whisky brand. It was introduced in 1939 and headquartered along the western shore of Lake Winnipeg in Manitoba. It operates in Canada, United States and other countries. Global beverage alcohol giant Diageo announced plans for a new CAD$245 million distillery in March 2022 to support the brand's momentum and expansion goals. The complex will be located on about 400 acres in Ontario's St. Clair Township and have the capacity to produce up to 20 million LAAs (litres of absolute alcohol, the equivalent of 10.5 million proof gallons) yearly. It also includes a distillery, as well as mixing and storage facilities.
5. Beam Suntory, Inc.
Beam Suntory, Inc. is an American-founded, Japanese multinational company that produces alcoholic beverages. It was founded in 2011 and headquartered in New York, U.S. It operates globally. In June 2023, Beam Suntory, a pioneer in the world of premium spirits and a producer of some of the best whiskies, unveiled ARDRAY®, a stunning new blend of Scotch whisky. By fusing Scotland's distinctive terroir and long-standing craft tradition with the accuracy and artistry of Suntory's award-winning Japanese blenders, ARDRAY promises to offer a fresh viewpoint on blended Scotch's dominance.
6. Allied Blenders & Distillers (ABD) Pvt. Ltd
Allied Blenders & Distillers (ABD) Pvt. Ltd. was founded in 1988 and headquartered in Mumbai, India. It operates in 22 countries around the world. In December 2021, ABD introduced Sterling Reserve B7 Whisky Cola Mix, Srishti Premium Blended Whisky, ICONiQ White Whisky, and Craft Whisky with curcumin infusion to diversify its product line. 30 states and union territories are served by the corporation's products.
7. Brown–Forman Corporation
Brown–Forman Corporation is an American based company, one of the largest in the spirits and wine business. It was founded in 1870 and headquartered in Kentucky, U.S. It operates across more than 40 countries. One of the largest American-owned wine and spirits businesses, BrownForman Corporation stated that it will start marketing its own brands in Japan on April 1, 2024.
8. Suntory Beverage & Food Limited
Suntory Beverage & Food Limited was founded in 1899 and headquartered in
Osaka, Japan. It operates in more than 85 countries/regions. In order to further enhance the quality of its renowned spirits, Suntory Group announced in February 2023 that it will invest 10 billion yen ($77 million) over the course of two years on upgrades to its Yamazaki and Hakushu distilleries. Suntory Group would be celebrating its 100th year of whisky production at the time.
*Definition: Whiskey is a kind of alcoholic beverage created from fermented grain mash. Barley, corn, rye, and wheat are just a few of the grains that are utilized for many kinds (some of which may be malted).
