The Global Whiskey Market was worth USD 5.56 billion in 2016 and estimated to be growing at a CAGR of 5.1%, to reach USD 7.13 billion by 2021. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the industry.
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Whiskey is a type of alcoholic drink which is made from fermented grain mash. Typical grains that are used are rye, barley, malted rye, malted barley, wheat and corn. Ideally whiskey is stored in wooden white oak barrels and kept for aging. Whiskey is normally produced in the areas that grow grain and can differ in quality and content. The whiskey pricing is based on ageing and the products being used.