Australia Whiskey Market Overview, 2028

The roots of whiskey production in Australia can be traced back to the early 19th century when Scottish and Irish immigrants brought their distilling traditions to the country. Australian whiskey is primarily made using traditional production methods, drawing inspiration from Scottish and Irish whiskey traditions. Distilleries across the country produce a wide variety of whiskey styles, including single malt, single grain, blended malt, and blended whiskey. Many Australian distilleries focus on using local ingredients such as barley, wheat, and even native grains, infusing their products with a unique Australian character. The Australian whiskey market boasts a vibrant and diverse range of distilleries, both large and small. Some prominent distilleries include Sullivan's Cove, Lark Distillery, Starward, and Archie Rose, which have gained international acclaim for their quality spirits. These distilleries have played a pivotal role in elevating the profile of Australian whiskey and showcasing its distinct flavors and craftsmanship on a global stage. Australian whiskey is celebrated for its distinct characteristics, which are influenced by the country's climate and maturation conditions. The warm Australian climate accelerates the aging process, resulting in whiskies that mature more quickly compared to their counterparts in cooler climates. This environment contributes to the development of rich, fruity, and vibrant flavors in Australian whiskies, setting them apart from traditional whiskey styles. According to the research report "Australia Whiskey Market Overview, 2028," published by Bonafide Research, The Australia Whiskey Market is expected to grow at above 6.97% CAGR from 2023 to 2028. In 2018, the Tasmanian distillery Nant Distilling Company created the world's most expensive whiskey bottle, known as the "Nant Whiskey Collection." The bottle, encrusted with 3,000 diamonds, was valued at a staggering AUD 5 million, showcasing the luxury and exclusivity associated with Australian whiskey. Some Australian distilleries infuse their whiskies with indigenous ingredients and native botanicals, showcasing the country's rich flora. By incorporating elements such as wattleseed, eucalyptus, or native pepperberries, distilleries create whiskies that encapsulate the essence of the Australian landscape. Tasmania's unique climate offers opportunities for distilleries to experiment with ice-aged whiskey. Some distilleries have placed whiskey barrels in the icy wilderness of the island, allowing the extreme cold temperatures to influence the aging process, resulting in distinct flavor profiles. Some Australian distilleries offer whiskey-making courses and workshops, providing whiskey enthusiasts with the opportunity to immerse themselves in the production process. Participants can learn about mashing, fermentation, distillation, and even create their own customized whiskey, gaining insights into the art and science of whiskey production. Australian whiskey is often celebrated for its versatility in pairing with food. Distilleries and whiskey bars offer whiskey and food pairing experiences, where the flavors and aromas of whiskies are paired with complementary dishes, creating harmonious taste combinations. Similar to other whiskey markets, Australia has witnessed the rise of whiskey subscription services. These services curate and deliver a selection of Australian whiskies to subscribers on a regular basis, allowing enthusiasts to explore a variety of expressions and discover new distilleries without leaving their homes.

Australian distilleries often experiment with unique and alternative grains for whiskey production. Some distilleries use grains such as rye, corn, and even native Australian grains like malted barley, showcasing their creativity and commitment to innovation. Australian whiskey producers embrace experimentation in cask selection for maturation. Alongside traditional oak casks, distilleries use a wide range of casks, including wine barrels, sherry butts, port pipes, and even ex-bourbon barrels, contributing to the distinctive flavors and profiles of Australian whiskies. Australian distilleries have achieved international recognition, earning prestigious awards and accolades. Sullivan's Cove, in particular, gained global attention when their French Oak Cask won the World's Best Single Malt Whiskey at the World Whiskies Awards, putting Australian whiskey on the world map. Tasmania, an island state of Australia, has become renowned for its whiskey production. With its cool climate and pristine water sources, the region has attracted numerous distilleries and is considered the heartland of the Australian whiskey renaissance. Many Australian distilleries prioritize sustainability and environmental responsibility in their production processes. They employ innovative techniques such as water recycling, renewable energy sources, and ethical sourcing of ingredients, aligning their practices with the growing global emphasis on sustainability. Australian whiskey has gained popularity in international markets, with exports steadily increasing. Countries such as the United States, United Kingdom, and Japan have developed a taste for Australian whiskies, recognizing their quality, craftsmanship, and distinct flavor profiles. Whiskey tourism has also become a prominent feature of the Australian whiskey market. Distillery tours and cellar door experiences offer visitors the opportunity to witness the whiskey-making process firsthand, engage with the distillers, and sample a wide range of whiskey offerings. Regions such as Tasmania, Victoria, and Western Australia have become popular destinations for whiskey enthusiasts, combining scenic landscapes with immersive whiskey experiences. The future of the Australian whiskey market appears promising, with growing domestic and international demand. As more Australian distilleries mature their whiskies and expand their distribution networks, there are increasing opportunities for the industry to establish itself as a leading player in the global whiskey market. The ongoing dedication to quality, innovation, and a strong sense of terroir positions Australian whiskey for continued growth and recognition in the years to come. Australian whiskey market has experienced a significant resurgence, propelled by its unique characteristics, dedication to craftsmanship, and the passion of its distillers. With a rich history, diverse range of distilleries, and a distinctive flavor profile influenced by the Australian climate, the market has successfully carved out its place in the global whiskey industry. The Australian whiskey scene holds great promise, offering both whiskey enthusiasts and newcomers alike a compelling and ever-evolving experience. Considered in this report: • Geography: Australia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Manmayi Raval

Research Consultant

Aspects covered in this report: • Australia Whiskey Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Grain Type: • Malt/ Barley Whisky • Wheat Whisky • Rye Whisky • Corn Whisky • Blended Whisky • Others By Type: • Scotch Whiskey • American Whiskey • Irish Whiskey • Canadian Whiskey • Japaneese Whiskey • Others

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By Quality: • Premium • High-End Premium • Super Premium By Beverage Type: • Alcoholic • Non-Alcoholic By Flavor: • Non-Flavored • Flavored By Distribution Channel: • Off Trade • On Trade By Off Trade Distribution Channel: • Supermarkets and Hypermarkets • Liquor Stores • Online Stores • Others By On Trade Distribution Channel: • Hotels, Restaurants & Bars • Others By Age of Whisky: • Below 12 Years • 12 to 18 Years • Above 18 Years The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to whiskey industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.