Brandy Market: Competitive Dynamics & Global Outlook 2023
Brandy is a spirit which is produced from wine or fermented fruit juice. All required is that this liquid can be allowed to ferment and the resulting mildly-alcoholic product not be heated past the boiling point of water. The low-boiling point liquids distilled from wine include almost all of the alcohol, a small amount of water, and many of the wine's organic chemicals. All these chemicals give brandy its taste and aroma.
In general Brandy contains 35–60 percent of alcohol by volume and is typically taken as an after-dinner drink. Some brandies are aged in wooden casks, some are colored with caramel coloring to imitate the effect of aging, and some brandies are produced using a combination of both aging and coloring.
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Global Brandy Market: Forecast by Type / Application / Region
As an alcoholic beverage distilled from wine or a fermented fruit mash. The term mostly used alone refers to the grape product; brandies made from the wines or fermented mashes of other fruits are usually identified by the specific fruit name.
In the sales volume, India is the largest consumption market, about 96.9% is consumed in southern India, and mainly the low-price product. The second largest consumption market is Philippines, which is followed by Russia, United States and Germany.
In the sales revenue, China has surpassed United States, becoming the largest market (3944.04 million USD), followed by United States, Russia, India, Germany.
In Chinese market, brandy recognition is still low, after the anti-corruption in China, now the primary market is concentrated in South China, especially in Guangdong Province, the consumption of Guangdong occupies over 60% market share, new foreign companies always select this region as 1st strongpoint to expand business in China.
Over the next five years, LPI(LP Information) projects that Brandy will register a 1.3% CAGR in terms of revenue, reach US$ 24200 million by 2023, from US$ 22400 million in 2017.
Global Brandy Market: Key Players
E & J Gallo
Silver Cup Brandy
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United States Brandy Market Research Report 2018
Europe Brandy Market Research Report 2018
North America Brandy Market Research Report 2018
Asia-Pacific Brandy Market Research Report 2018
China Brandy Market Research Report 2018
EMEA Brandy Market Research Report 2018
Global Brandy Market Research Report 2018
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