Japanese Whisky Market Introduction and Overview
According to SPER Market Research, the Japanese Whisky Market is estimated to reach USD 13.79 billion by 2033 with a CAGR of 8.54%.
The report includes an in-depth analysis of the Japanese Whisky Market, including market size and trends, product mix, Applications, and supplier analysis. Japanese whisky is a whisky variety that is produced and originated in Japan. Japanese whisky is drunk as Japanese shochu or as whisky like Scotch. Good whisky, like Scotch whisky, is mainly consumed neat or on the rocks; most Japanese blended whisky is used in cocktails, especially whisky highballs. This, together with the love, superior quality, and expert workmanship that go into its production, has turned Japanese whisky into a global phenomenon.
- March 2022: In April, China and Australia saw the launch of Kirin Single Grain Japanese Whisky Fuji by Kirin Brewery Company, Limited, also known as Kirin Brewery. Furthermore, starting in June, Kirin Single Blended Japanese Whisky Fuji—a combination of grain and malt whiskies from a single distillery—will be offered all year long.
Market Opportunities and Challenges
The product is highly sought after in the home market, and its availability in a wide range of variations is anticipated to increase demand for it globally. The demand for whisky in the alcohol sector is predicted to rise due to growing interest in flavour and matured whisky products. The market is anticipated to develop as a result of consumers' increasing interest in experimenting with mixology and cocktail culture. Additionally, consumers are becoming more interested in these spirits due to the availability of numerous whisky variations, particularly in Japan and India. In addition, increased global knowledge of alcoholic beverages is helping Japanese whisky sell. Moreover, an increasing number of worldwide pubs, restaurants, and clubs are endorsing the drinking of foreign alcoholic beverages such as Japanese whisky. Furthermore, a number of lodging establishments, eateries, and breweries are drawing customers in with promotions like Happy Hours, which in turn is increasing the demand for their products.
However, widespread alcohol usage can lead to addiction, dependency, and health issues from overindulgence. The growth in alcohol addiction among consumers has alarmed governments. Because of this, a number of nations have passed stringent legislation and regulations pertaining to the sale and distribution of these products. Furthermore, the high cost of Scotch whisky, which comes from expensive production and storage costs, prevents the market from growing. Furthermore, the negative health effects of alcohol consumption have had a substantial influence on the market success of scotch whisky. It is therefore expected that these restrictions will hinder the growth of the Japan Whisky Market.
Market Competitive Landscape
The global market is highly competitive in nature for the Japanese whisky. The major players in the Japanese Whisky market include: Asahi Breweries Ltd., Chichibu Distillery, FLAVIAR, Hombo Shuzo Co Ltd., Jf Hillebrand Japan Kk, Louisville Distilling Co. LLC, Nikka Whisky Distilling Co., Ltd., Suntory Holdings Ltd., Venture Whisky, Ltd., Yoshino Spirits, Others. Companies are concentrating on broadening their market penetration by manufacturing a range of Japanese whiskies to capitalise on the continuous trend of consumption throughout Europe, North America, and Asia Pacific.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Application, By Distribution Channel
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Asahi Breweries Ltd., Chichibu Distillery, FLAVIAR, Hombo Shuzo Co Ltd., Jf Hillebrand Japan Kk, Louisville Distilling Co. LLC, Nikka Whisky Distilling Co., Ltd., Suntory Holdings Ltd., Venture Whisky, Ltd., Yoshino Spirits, Others
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COVID-19 Impact on Japanese Whisky Market
The Japanese whisky market faced severe setbacks during the COVID-19 pandemic due to lockdowns and economic challenges, leading to a sharp decline in sales. Closure of hotels, restaurants, and liquor stores globally resulted in reduced whiskey sales. The industry suffered from a drop in global tourist spending and decreased exports. Material supply and logistics challenges further strained suppliers. Despite these challenges, the market is showing signs of recovery, with government assistance playing a crucial role. Forecasts predict a rebound during anticipated period, driven by rapid recovery in certain regions and increased alcoholic beverage sales, contributing to a heightened demand for whisky.
Key Target Audience
- Cocktail Enthusiasts
- Cultural Connoisseurs
- Food and Beverage Industry Professionals
- Gift Buyers
- Global Travelers
- Whisky Enthusiasts
- Younger Demographics
- Others
Our in-depth analysis of the Japanese Whisky Market includes the following segments:
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By Application:
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Commercial
Residential
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By Distribution Channel:
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Off-Trade
On-Trade
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report
- Japanese Whisky Market Size (FY’2023-FY’2033)
- Overview of Japanese Whisky Market
- Segmentation of Japanese Whisky Market By Application (Commercial, Residential)
- Segmentation of Japanese Whisky Market By Distribution Channel (Off-Trade, On-Trade)
- Statistical Snap of Japanese Whisky Market
- Expansion Analysis of Japanese Whisky Market
- Problems and Obstacles in Japanese Whisky Market
- Competitive Landscape in the Japanese Whisky Market
- Impact of COVID-19 and Demonetization on Japanese Whisky Market
- Details on Current Investment in Japanese Whisky Market
- Competitive Analysis of Japanese Whisky Market
- Prominent Players in the Japanese Whisky Market
- SWOT Analysis of Japanese Whisky Market
- Japanese Whisky Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data Source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Japanese Whisky Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japanese Whisky Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Japanese Whisky Market
7. Japanese Whisky Market, By Application (USD Million)
7.1. Japanese Whisky Market Value Share and Forecast, By Application, 2023-2033
7.2. Commercial
7.2.1. Hotels
7.2.2. Restaurants/Bars/Pubs
7.2.3. Others
7.3. Residential
8. Japanese Whisky Market, By Distribution Channel (USD Million)
8.1. Japanese Whisky Market Value Share and Forecast, By Distribution Channel, 2023-2033
8.2. Off-Trade
8.3. On-Trade
9. Japanese Whisky Market Forecast, 2019-2033 (USD Million)
9.1. Japanese Whisky Market Size and Market Share
10. Japanese Whisky Market, By Application, 2019-2033 (USD Million)
10.1. Japanese Whisky Market Size and Market Share By Application (2019-2026)
10.2. Japanese Whisky Market Size and Market Share By Application (2027-2033)
11. Japanese Whisky Market, By Distribution Channel, 2019-2033 (USD Million)
11.1. Japanese Whisky Market Size and Market Share By Distribution Channel (2019-2026)
11.2. Japanese Whisky Market Size and Market Share By Distribution Channel (2027-2033)
12. Japanese Whisky Market, By Region, 2019-2033 (USD Million)
12.1. Japanese Whisky Market Size and Market Share By Region (2019-2026)
12.2. Japanese Whisky Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. Asahi Breweries Ltd.
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Chichibu Distillery
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. FLAVIAR
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Hombo Shuzo Co Ltd.
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Jf Hillebrand Japan Kk
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Louisville Distilling Co. LLC
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Nikka Whisky Distilling Co., Ltd.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Venture Whisky, Ltd.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Yoshino Spirits
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope