Brandy Market Size, Share, Demand, Key Players, Growth and Industry Trends 2023-28

According to the latest report by IMARC Group, titled “Brandy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global brandy market size reached US$ 25.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2%

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 component on 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.

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, and increasing premiumization in the F&B industry, are creating a positive outlook in the market.

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Global Brandy Market 2023-2028 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:

Breakup by Price:

Breakup by Distribution Channel:

Breakup by Region:

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Key highlights of the report:

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