Overview and Scope
Wine is an alcoholic drink made from the fermented juice of grapes. Brandy is a strong alcoholic beverage made from distilled wine.
Sizing and Forecast
The wine and brandy market size has grown strongly in recent years. It will grow from <b>$161.94 billion in 2023 to $170.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. </b> The growth in the historic period can be attributed to cultural and social significance, traditional craftsmanship, global export, wine tourism, consumer interest in premium products.
The wine and brandy market size is expected to see strong growth in the next few years. It will grow to <b>$207.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. </b> The growth in the forecast period can be attributed to health and wellness trends, climate change adaptation, sustainable practices, e-commerce and direct-to-consumer sales, emerging markets and premiumization. Major trends in the forecast period include biodynamic and organic winemaking, low-alcohol and non-alcoholic varieties, orange wine, craft distillation and micro-distilleries, wine and brandy cocktails.
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Segmentation & Regional Insights
The wine and brandy market covered in this report is segmented –
1) By Type: Wine, Brandy
2) 3) By Category: Mass, Premium
3) By Distribution Channel: Off-Trade Channels, On-Trade Channels
Subsegments Covered: Still Wine, Sparkling Wine, Cognac , Armagnac
<b>Western Europe</b> was the largest region in the wine and brandy market in 2023. Asia-Pacific was the second-largest region in the wine and brandy market. The regions covered in the wine and brandy market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand for ready-to-drink (RTD) beverages is expected to drive the wine and brandy manufacturing (wineries) market in the forecast period. An RTD is a single-use packaged beverage that is ready for immediate consumption at the time of purchase. RTD drinks are gaining popularity among working adults due to their clean labels and functionality. The introduction of new flavours in the range of RTD alcoholic beverages, ease of carrying, and convenience are expected to boost the demand for RTD alcoholic beverages. Increasing demand for RTD beverages, including RTD alcoholic beverages, is expected to drive the wine and brandy manufacturing (wineries) market going forward.
Key Industry Players
Major companies operating in the wine and brandy market include <b> Pernod Ricard, Kirin Holdings Company Limited, Christian Dior SE, The Molson Coors Brewing Company, Constellation Brands, Suntory Holdings Limited, Asahi Group Holdings Ltd, Treasury Wine Estates Limited, Anheuser-Busch InBev sa/nv, Altria Group Inc., E. & J. Gallo Winery, Accolade Wines, Bacardi Limited, The Bronco Wine Company, Castel Group, Chapel Down Group PLC, Foley Family Wines Holdings Inc., The Wine Group, Delicato Vineyards Inc., Michael David Winery, Chalone Vineyard, Edna Valley Vineyard, Acacia Winery, Canoe Ridge Vineyard, Jade Mountain Vineyard, Sagelands Vineyard, Echelon Wine Partners Pty Ltd., Hewett Vineyard, Orogeny Vineyards, Arbor Mist Winery, Cook’s Champagne Cellars, Paul Masson Grande Amber Brandy, Canandaigua Wine Company, Vendange, Banrock Station, Peter Mondavi Jr.</b>
The wine and brandy market report table of contents includes:
1. Executive Summary
2.Wine And Brandy Market Characteristics
3.Wine And Brandy Market Trends And Strategies
4.Wine And Brandy market analysis
5.Wine And Brandy Market Size And Growth
6. Wine And BrandySegmentation
7.Wine And Brandy Regional And Country Analysis
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27.Wine And Brandy Competitive Landscape And Company Profiles
28.Wine And Brandy Key Mergers And Acquisitions
29.Wine And Brandy Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Pernod Ricard
- Kirin Holdings Company Limited
- Christian Dior SE
- The Molson Coors Brewing Company
- Constellation Brands
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