Brandy Market 2021-26: Size, Share, Trends, Analysis and Research Report
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 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 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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