From the Wires
Market Research Report -- Growth Opportunities in Whiskies Markets
By: Marketwired .
Nov. 20, 2012 04:08 AM
ROCKVILLE, MD -- (Marketwire) -- 11/20/12 -- MarketResearch.com has announced the addition of Euromonitor International's research report "Whiskies: Growth Opportunities in All Markets" to their collection of market research.
The whiskies category is taking slow but stable steps up, resilient to negative economic conditions, helped by premiumisation trends and widening demographics. The premium appeal of the category on wealthier emerging markets and large-scale opportunities for trading up in the less affluent ones will be aided further by tariff reforms. Simultaneously, on the mature markets Irish and bourbon have significant export potential due to accessible taste and the backing of international companies.
Non-Scotch consumption (of bourbon and Irish whiskey in particular) is concentrated in the US, providing export opportunities to both mature and emerging countries.
Limited production capacity has encouraged Scotch whisky producers to focus on higher margin variants (such as single malt whisky) and to withdraw variants perceived to be of lesser quality (eg blended malt). Some companies have responded to the limitations on production imposed by long lead times with the removal of age statements.
Growth amongst female consumers is particularly influenced by the media, while multicultural segmentation attempts to gain consumers outside the industry's core markets.
For more information, visit http://www.marketresearch.com/land/product.asp?productid=7225695&progid=84937
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