According to the latest report by IMARC Group, titled “Brandy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global brandy market to exhibit moderate growth during the next five years.
Brandy is a spirit made from wine, fruit juices and mashes with 35%-60% of alcohol content. It is aged for 3-20 years in oak barrels with caramel coloring and flavors. The moderate consumption of brandy helps in boosting immunity, improving heart health, minimizing cancer risks, reducing cold and cough, etc. It is often consumed as a digestive and base spirit in cocktails and for flavoring soups, de-glazing pans, flambéing desserts, preparing condiments, etc.
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The growing socializing trend across restaurants and bars, along with the increasing consumption of cocktails, is primarily driving the market for brandy. Moreover, the rising consumer preferences for premium food and beverages, coupled with elevating utilization of brandy in gourmet cooking procedures, are further propelling the product demand. The increasing penetration of innovative culinary practices and aesthetically appealing presentation of dishes, such as flambe of desserts, is also augmenting the global market for brandy. Additionally, the rising consumer shift from whiskey and vodka towards brandy based on several health benefits will continue to catalyze the growth of the global brandy market.
Brandy Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Courvoisier (Beam Suntory Inc.)
- Diageo Plc
- & J. Gallo Winery
- Emperador (Alliance Global Group Inc.)
- Korbel & Bros.
- Speciality Brands Ltd.
- Rémy Cointreau
- Thomas HINE & Co (EDV SAS)
- Yantai Changyu Pioneer Wine Company Limited
The report has segmented the market on the basis of product type, price, distribution channel and region.
Breakup by Product Type:
- Grape Brandy
- Fruit Brandy
Breakup by Price:
- High-End Premium
- Super Premium
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Exclusive Stores
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Breakup by Region:
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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 will provide it to you as a part of the customization.
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