The Cognac And Brandy Global Market Report 2023, provides comprehensive information on the cognac and brandy market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global cognac and brandy market size is expected to grow from $13.33 billion in 2022 to $14.17 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of cognac and brandy market are expected to reach $17.49 billion in 2027 at a CAGR of 5.4%.
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Product innovation is the key trend gaining popularity in the cognac and brandy market. Companies operating in the cognac and brandy market are adopting new technologies to sustain their position in the market. For instance, in September 2020, Distell Group Limited, a South Africa-based multinational brewery and beverage company, launched a low-alcohol spirit called Viceroy Smooth Gold. The new brandy contains less alcohol (23%) than conventional brandy (43%), but it still has the same full-bodied flavor, making it smoother and simpler to consume. Viceroy Smooth Gold is a blend of excellent neutral spirits and carefully produced pot still brandy that has been aged in oak barrels for three years in the House of Van Ryn’s time-honored tradition It’s very smooth and easy to drink. It has honey, raisin, and muscat flavors, with hints of vanilla, oak, and spice on the finish. As the wine ages in wood barrels, the flavors emerge spontaneously.
The cognac and brandy market is segmented:
1) By Product: Cognac, Armagnac, Spanish Brandy, Pisco
2) By Price: Value, Premium, High-End Premium, Super Premium
3) By Application: Household, Commercial
4) By Distribution Channel: On Trade, Off Trade
North America was the largest region in the cognac and brandy market in 2022.
The table of contents in TBRC’s cognac and brandy market report includes:
- Executive Summary
- Cognac And Brandy Market Characteristics
- Cognac And Brandy Market Trends And Strategies
- Cognac And Brandy Market – Macro Economic Scenario
- Cognac And Brandy Market Segmentation
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- Global Cognac And Brandy Market Competitive Benchmarking
- Global Cognac And Brandy Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cognac And Brandy Market
- Cognac And Brandy Market Future Outlook and Potential Analysis
- Appendix
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