Press release
Global Cognac Market Insights, Future Trends, On Demand, Suppliers, Growth rate, Application, Key-Players: Branded Spirits, PIERRE LECAT SAS, Rmy Cointreau, Jas Hennessy, Future and Forecast till the End of 2025
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This report studies the global market size of Cognac in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Cognac in these regions.
This research report categorizes the global Cognac market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.
Cognac is a type of brandy which is produced by double distillation of white wines and by aging. It is a high-end product and depending on the time period taken by the brandy for aging, different varieties are available. The cognac market is projected to grow in regions where consumers are exploring more luxury alcoholic beverages. Consumer demand for more delicate, flavored and refined brandy is expected to fuel the growth of the cognac market in the forecast period. As compared to its competitor whiskey, cognac offers a more fruitful flavor, which is a unique driver, fuelling the growth of the cognac market.
The cognac market is currently experiencing a revival in the world. After declining sales in the past decade, the cognac market is suddenly witnessing growth in some regions of the world. Cognac is popular amongst consumers as a traditional cocktail ingredient. It is also known that unlike other alcoholic beverages, cognac does not promote a headache. These are distinguishing factors of cognac and likely to boost the growth of the cognac market. The VS cognac makes up the highest share in the cognac market. The trend observed with cognac is that nowadays it is consumed with food or as a cocktail mix. The Cognac Summit, an organization which was formed as a result of collaboration between Bureau National Inter professionel du Cognac (BNIC) and international bartenders, is a macroeconomic factor which has contributed to the revival of the cognac market. Many other macroeconomic factors like the ban on drinking and gift-giving have also influenced the ups and downs of the cognac market. Recently, many key players had announced that the consumer demand for cognac has outstripped their production capacities, which is a clear indicator of the growth of cognac market. The U.S. and Chinese markets are the largest contributors to the growth of the cognac market. Growth in personal consumption of alcoholic beverages in regions like China is also expected to boost the growth of the overall cognac market.
In 2017, the global Cognac market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. The objectives of this study are to define, segment, and project the size of the Cognac market based on company, product type, application and key regions.
The various contributors involved in the value chain of Cognac include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Cognac include
Pernod Ricard
Jas Hennessy
Novovino Wine
Branded Spirits
Beam Suntory
PIERRE LECAT SAS
Meukow Cognac
Rmy Cointreau
Market Size Split by Type
XO(Extra Old)
VS(Very Special)
VSPO(Very Superior Pale Old)
Others
Market Size Split by Application
Hypermarkets/Supermarkets
Convenience Stores
Discount Stores
Market size split by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
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Table of Contents
1 Study Coverage
1.1 Cognac Product
1.2 Key Market Segments
1.3 Key Manufacturers Covered
1.4 Market by Type
1.4.1 Global Cognac Market Size Growth Rate by Type
1.4.2 XO(Extra Old)
1.4.3 VS(Very Special)
1.4.4 VSPO(Very Superior Pale Old)
1.4.5 Others
1.5 Market by Application
1.5.1 Global Cognac Market Size Growth Rate by Application
1.5.2 Hypermarkets/Supermarkets
1.5.3 Convenience Stores
1.5.4 Discount Stores
1.6 Study Objectives
1.7 Years Considered
2 Executive Summary
2.1 Global Cognac Market Size
2.1.1 Global Cognac Revenue 2016-2025
2.1.2 Global Cognac Sales 2016-2025
2.2 Cognac Growth Rate by Regions
2.2.1 Global Cognac Sales by Regions
2.2.2 Global Cognac Revenue by Regions
Continued…… @@#
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