According to the latest report by IMARC Group, titled “Brandy Market Share : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global brandy market size reached a value of US$ 21.8 Billion in 2020 and expects the market to exhibit moderate growth during the next five years.
Brandy refers to a spirit that is primarily made from wine, fruit juices, mashes, etc., with 35%-60% of alcohol content. The beverage is usually aged for 3-20 years in oak barrels along with added caramel coloring and flavors. Brandy’s moderate consumption helps in strengthening immunity, enhancing heart health, reducing cancer risks, minimizing cold and cough, etc. It is mostly used as a base spirit in cocktails, and for flavoring soups, flambéing desserts, de-glazing pans, preparing condiments, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Brandy Market Trends:
The emerging socializing trend across restaurants and bars, coupled with the rising consumption of cocktails, is primarily augmenting the demand for brandy. Furthermore, the increasing consumer preferences for premium food and beverages, along with the growing utilization of brandy in gourmet cooking procedures, are also propelling the product demand. Besides this, the escalating penetration of innovative culinary practices and aesthetically appealing presentation of dishes, such as flambe of desserts, is further driving the global market for brandy. Additionally, the rising consumer shift from whiskey and vodka towards brandy based on several health benefits will continue to poliferate the growth of the global brandy market over the coming years.
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Global Brandy Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Courvoisier (Beam Suntory Inc.), Diageo Plc, E. & J. Gallo Winery, Emperador (Alliance Global Group Inc.), F. Korbel & Bros., Martell, Speciality Brands Ltd., Rémy Cointreau, Thomas HINE & Co (EDV SAS) and Yantai Changyu Pioneer Wine Company Limited.
The report has segmented the market on the basis on on region, product type, price and distribution channel.
Breakup by Product Type:
- Grape Brandy
- Cognac
- Armagnac
- Fruit Brandy
- Others
Breakup by Price:
- Value
- High-End Premium
- Super Premium
- Premium
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Exclusive Stores
- On-Trade
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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