Japanese Whisky Market Growth, Trends, Size, Demand, Revenue, Share and Future Competition
Japanese Whisky Market Size- By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: FOOD2394 | Pages: 1 - 105 | Formats*: |
| Category : Food & Beverages | |||
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 |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| 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 |
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:
| By Application: |
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| By Distribution Channel: |
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| By Region: |
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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data Source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. 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. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Japanese Whisky Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Japanese Whisky Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2023-20337.2. Commercial
7.2.1. Hotels7.2.2. Restaurants/Bars/Pubs7.2.3. 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, 2023-20338.2. Off-Trade8.3. 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. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Asahi Breweries Ltd.
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Chichibu Distillery13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. FLAVIAR13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Hombo Shuzo Co Ltd.13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Jf Hillebrand Japan Kk13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Louisville Distilling Co. LLC13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Nikka Whisky Distilling Co., Ltd.13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Venture Whisky, Ltd.13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Yoshino Spirits13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Japanese Whisky Market is projected to reach USD 13.79 billion by 2033, growing at a CAGR of 8.54% during the forecast period.
Japanese Whisky Market grew in market size from 2022. The Market is expected to reach USD 13.79 billion by 2033, at a CAGR of 8.54% during the forecast period.
Japanese Whisky Market CAGR of 8.54% during the forecast period.
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Japanese Whisky Market size is USD 13.79 billion from 2023 to 2033.
Japanese Whisky Market Segment is covered By Application, By Distribution Channel.
The North America is anticipated to have the highest market share in the Japanese Whisky Market.
The key players in the market include 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.
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.
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