30 Best Whiskeys Under $30

In This Article:

In this article, we are going to discuss the 30 best whiskeys under $30. You can skip our detailed analysis of the global whiskey market, a new entrant in the whiskey business, and a recent acquisition in the whiskey industry, and go directly to 10 Best Whiskeys Under $30

Whiskey has been the drink of choice for many Americans since time immemorial, a constant companion as they have gone through life changing and trend setting phases throughout history. Its rise in the country was due in large part to the fact that it didn’t have to be imported. Unlike rum, which was made from sugarcane and molasses shipped from British-controlled islands in the Caribbean to distilleries in New England, whiskey could be distilled anywhere in America from domestically sourced raw ingredients. Corn, in particular, was plentiful in the New World. In fact, during the time of Andrew Jackson, it was believed that God had made corn for America and Americans for corn. Thus, they naturally thought of whiskey as their national drink.

Global Whiskey Market: 

Whiskey is one of the Most Consumed Alcohols in the World, with the global whiskey market valued at $64 billion in 2022 and expected to reach $91.3 billion by 2028, with a CAGR of 6% during the forecast period. 

The consumption of alcohol is shifting away from beer and wine and millennials are more likely to experiment with other alcoholic beverages, resulting in the growth of a ‘cocktail culture’. As a result of this tendency, the use of whiskey as a premium ingredient has increased. Product innovations, such as flavored whiskeys, and organic and sustainable options are also some of the major factors propelling the market. 

2022 was also a great year for Scotch whisky and exports of Scotland’s native spirit hit $7.5 billion last year, the highest figures ever. Exports by volume rose substantially as well, with the number of 700 ml bottles shipped overseas up by 21%, to 1.67 billion.

Similarly, as we mentioned in our article – 25 Best Bourbon Whiskeys Under $50 – Bourbon is a $9 billion signature industry in Kentucky that generates more than 22,500 jobs. And if we’re looking at production and consumption, the state receives more than $286 million in tax revenue each year from its signature whiskey. 

The positive economic impact of the beloved golden liquor is something we seldom consider when having a drink, but, given the facts, maybe it’s time we all raise a glass to it.

New Entrant in the Whiskey Business: 

The beer behemoth Anheuser-Busch InBev SA/NV (NYSE:BUD) is also getting ready to join the lucrative whiskey bandwagon and has recently announced the launch of its Magnum Double Barrel Whiskey in India. This move shouldn’t come as a surprise as the alcohol giant has also unveiled its vodka and gin brands over the last few years, thus marking its grand arrival in the spirits industry.