According to the latest report by IMARC Group, titled “ Brandy Market Trends : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” 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.
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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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