PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1393286
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1393286
According to SPER Market Research, 'Japanese Whisky Market Size- By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Japanese Whisky Market is estimated to reach USD 13.79 billion by 2033 with a CAGR of 8.54%.
Japanese whisky is a particular kind of whisky that is produced and originated in Japan. Japanese whisky is either drunk as Japanese shochu or as whisky like Scotch. While fine whisky, like Scotch whisky, is mainly consumed neat or on the rocks, most Japanese blended whisky is used in cocktails, especially whisky highballs. Japanese whisky has become an international phenomenon due to its exceptional quality, passion, and expert workmanship during the manufacturing process.
Furthermore, during the COVID-19 pandemic, lockdowns and economic difficulties severely hampered the Japanese whisky business, which resulted in a precipitous drop in sales. Sales of whisky decreased as a result of lodging, dining, and retail establishment closures around the world. The sector was negatively impacted by declining exports and a decline in worldwide tourism spending. Suppliers were further pushed by difficulties with material supply and transportation.