Business and financial advisers Grant Thornton UK said the food and drink industry had already smashed its own target to reach turnover of £12.5 billion by 2017. A new target of £16.5bn has now been set, including an export target of £7.1bn.
Debbie Mayor, of Grant Thornton UK, said the food and drink industry brought in £4.5bn a year.
"Our national drink is now playing a major role in driving us out of troubled economic waters. In a typical month, more Scotch whisky is sold in France than the amount of cognac sold in a whole year," Ms Mayor said.
However, she warned Scotland's whisky producers against complacency, adding: "Developing nations such as Brazil and China are keen to diversify and challenge the status quo. In response, Scotland's food and drink producers need to reinforce the strength of their brands and work together more collaboratively to create a stronger economic voice for Scotland overseas."