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Market Report

State of The Market Report 2024

The whiskey market is positioned for growth, fueled by premium and craft spirits

This report analyzes the industry's size, growth trends, and future outlook (2024). We delve into key segments, consumer preferences, and global dynamics, empowering stakeholders with actionable insights for strategic decisions.

Number of Bourbon barrels in inventory by year produced

Source: Kentucky Department of Revenue, as produced for purposes of annual 
property tax assessments, and provided to the Kentucky Distillers’ Association

US whiskey sales by branding, cases (000) of 9-liter bottles

Source: Distilled Spirits Council of the United States

Report highlights

Whiskey trends: sustainable,
premium, tech-driven

Emerging trends in whiskey production and consumption highlight a dynamic shift towards sustainability, premiumization, and technological innovation.

Bourbon market boom:
$14.3 billion by 2032

The projected growth for the bourbon market is expected to reach a value of around 14.3 billion by 2032 with an annual growth rate of about 62%.

EU tariff delay:
relief until march 2025

As of 1/1/2024, European Union Tariffs have been delayed till 31/3/2025.

Kentucky bourbon boom:
$9 billion industry

Kentucky’s bourbon industry is booming, contributing $9 billion to the economy and supporting over 23.100 jobs alongside a 76% jump in US spirits exports in 2022.

Whiskey casks: prime
investment opportunity

With over 11.4 million barrels aging in Kentucky, demand is exceeding supply, presenting whiskey casks as a prime investment opportunity.

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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.