According to the latest report by IMARC Group, titled “Brandy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global brandy market price reached US$ 23.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.77%
Brandy is a distilled or spirited alcoholic beverage that is manufactured from a blend of fruit, wine and mashes. It is preserved in oak barrels for several years with flavors and caramel coloring. Brandy is extensively consumed as a base spirit or digestive componenton account of its multiple health benefits, such as slowing aging, reducing cancer risk, improving heart health, and enhancing immunity. It is further utilized in the food and beverage (F&B) sector to flambe deserts, de-glaze pans and to prepare cakes, butter, and pudding.
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 increasing inclination of consumers toward gourmet cooking is primarily driving the global brandy market. Moreover, the emerging trend of socializing at restaurants and bars, particularly amongst the younger demographic, is contributing to the market growth. Other factors, such as the escalating demand for organic variants, expanding food tourism, andincreasing premiumization in the F&B industry, are creating a positive outlook in the market.
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Global Brandy Market 2022-2027 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:
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Grape Brandy
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Cognac
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Armagnac
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Fruit Brandy
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Others
Breakup by Price:
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Value
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High-End Premium
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Super Premium
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Premium
Breakup by Distribution Channel:
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Supermarkets and Hypermarkets
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Exclusive Stores
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On-Trade
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Others
Breakup by Region:
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North America
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Asia Pacific
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Europe
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Latin America
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Middle East and Africa
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If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.
Key highlights of the report:
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Market Performance (2016-2021)
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Market Outlook (2022- 2027)
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Porter’s Five Forces Analysis
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Market Drivers and Success Factors
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SWOT Analysis
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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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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