Press release
Brandy Market Size Worth US$ 33.4 Billion by 2027 | CAGR 5.77%
According to the latest report by IMARC Group, titled, "Brandy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global brandy market size reached US$ 23.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.4 Billion by 2027, exhibiting a growth rate (CAGR) of 5.77% during 2022-2027.Industry Definition and Application:
Brandy is a distilled spirit prepared from fermented fruits like grapes, apples, apricots, cherries, peaches, and plums. It contains a high proportion of alcohol and is rich in antioxidant compounds. It helps prevent wrinkles, poor vision, cognitive issues, and other aging symptoms. It also improves heart health, lowers blood pressure, reduces cancer risk, soothes colds and coughs, and boosts immunity. Moreover, it induces sound sleep on account of its soothing and relaxing qualities. At present, brandy is available through both online and offline distribution channels across the globe.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/prefeasibility-report-brandy-manufacturing-plant/requestsample
Brandy Market Trends:
The rising standards of living, inflating disposable incomes, and increasing trend of consuming alcoholic beverages on special occasions are among the primary factors positively influencing the market. In line with this, improvements in the quality of products and the rising number of bars, pubs, cafes, and restaurants are strengthening the market growth worldwide. Moreover, the growing popularity of brandy due to its taste, flavor, and mouthfeel is offering lucrative growth opportunities to key market players for introducing more product variants. Apart from this, the increasing adoption of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), within beverage industries to manage supply chains, predict sales, and gain insights into consumer behavior and preferences are stimulating the growth of the market.
Global Brandy Market 2022-2027 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 Cognac (Beam Suntory Inc.)
Diageo Plc
E. & J. Gallo Winery
Emperador (Alliance Global Group, Inc.)
F. Korbel & Bros.
Martell, Speciality Brands Ltd.
Rรฉmy Cointreau
Thomas HINE & Co.(EDV SAS)
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:
Grapes 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: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure:ย https://www.imarcgroup.com/prefeasibility-report-brandy-manufacturing-plant
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note:ย We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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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Africa Non-Alcoholic Beverages Market: https://www.openpr.com/news/2924777/africa-non-alcoholic-beverages-market-report-2022-2027
Alcohol Ingredients Market: https://www.openpr.com/news/2938824/alcohol-ingredients-market-size-share-industry-report
Gummy Vitamins Market: https://www.openpr.com/news/2883998/gummy-vitamins-market-share-industry-growth-analysis
Immunity Boosting Products Market: https://www.openpr.com/news/2862574/global-immunity-boosting-products-market-market-2022-27-size
GCC Beer Market: https://www.openpr.com/news/2846594/gcc-beer-market-share-size-trends-revenue-analysis-report
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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