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Market Report 2025

State of The Market Report 2025

The whiskey market is positioned for growth, fueled by international markets and demand for aged expressions

This report analyzes the industry's size, growth trends and future outlook. Delve into key segments, consumer preferences and global dynamics, to empower you with actionable insights for strategic decisions.

Global Whiskey Value - Forecast Through 2033

Source: The Drinks Business, Global Whiskey Market Value Analysis, Coherent Market Insights, Whiskey Market Report (2018–2024 Actuals; 2025–2033 Forecast).

Longer Aging Cycles Create Built-in Scarcity

Source: CaskX Inventory Estimates Derived From Kentucky Distillers Association Reports

Report highlights

Production Has Contracted Sharply

U.S. whiskey output has fallen by more than 20% year-over-year, setting the stage for a future supply gap

Strong Future Outlook for Global Whiskey Market

Forecasts show global whiskey value expected to reach $837 billion by 2033 (12.7% CAGR)

Spirits Consumption Surpasses Beer in the U.S.

For the first time in modern history, spirits have overtaken beer in market share (42.2%)

Demographics Are Turning in Bourbon's Favor

Consumers ages 21-44 now represent the fastest-growing segment (39% of whiskey drinkers)

Export Markets Are Rebounding Strongly

With EU and UK tariffs suspended, American whiskey exports have surged to $2.4 billion in 2024

International Growth Is Accelerating in Asia

India, China, South Korea and Taiwan are rapidly expanding bourbon consumption

Premium and Super-Premium Whiskey Demand Is Surging

High-end American whiskey has grown more than 190% over the past decade

Inventory of Older Barrels Remains Near Historic Lows

Only a small fraction of barrels over eight years old exist

Download The 2025 State Of Bourbon Market Report

Discover the latest insights on the state of the bourbon market based on data from industry associations and leading publications.

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      SAFE HARBOR STATEMENT – Certain statements on this website represent forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual profits or financial results you may receive from your investment in a whiskey cask to be materially different from the future profits or financial results as expressed or implied by such forward-looking statements. CaskX has attempted to identify these forwarding looking statements with the words “believe,” “estimate,” “continue,” “seek,” “plan,” “expect,” “intend,” “anticipate,” “may,” “will,” “could” and other similar expressions. Although these forward looking statements reflect our expectations related to your potential profits and financial results in connection with the investment in a whiskey cask, such forward looking statements are based on information now available to us, which is subject to change, and they are inherently subject to certain risks and uncertainties. These risks and uncertainties including, but are not limited to the following: the highly regulated nature of the whiskey industry and the requirements that may be imposed on you due to changes in law after you acquire your whiskey cask; changes in consumer and commercial demand for whiskey; loss of whiskey due to evaporation or failure to appropriately monitor the cask as it is maturing; loss of whiskey due to leakage, damage or theft, competition for the sale of whiskey with other investors or distilleries having greater resources than you; negative perception for the distillery who manufactured the whiskey in your cask or lack of brand loyalty; and lack of public market for whiskey casks and the requirement to hold your investment for quite some time due to the long maturation of whiskey and applicable United States securities laws. Please review our Notice to Investors and related Risk Factors for a further description of these and other factors you should consider before making an investment in whiskey casks. CaskX is under no obligation to update any of the forward looking statements after the date of publication for this website and associated documents to conform such statements to new information.