Press release
Wine And Brandy Market Report 2024: Strategies And Recent Developments
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Wine And Brandy Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The wine and brandy market size has grown strongly in recent years. It will grow from $161.94 billion in 2023 to $170.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to cultural and social significance, traditional craftsmanship, global export, wine tourism, consumer interest in premium products.
The wine and brandy market size is expected to see strong growth in the next few years. It will grow to $207.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to health and wellness trends, climate change adaptation, sustainable practices, e-commerce and direct-to-consumer sales, emerging markets and premiumization. Major trends in the forecast period include biodynamic and organic winemaking, low-alcohol and non-alcoholic varieties, orange wine, craft distillation and micro-distilleries, wine and brandy cocktails.
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Market Segmentation:
The main types of wine and brandy are wine and brandy. Wine is an alcoholic beverage made primarily from fermented grapes. The sugar in the grapes is consumed by yeast, which transforms it into ethanol and carbon dioxide while producing heat in the process. The different categories include mass, premium, and distributed through various channels such as off-trade channels and on-trade channels.
Major Driver - Ready-To-Drink (RTD) Beverages Is Fueling The Wine And Brandy Market
Increasing demand for ready-to-drink (RTD) beverages is expected to drive the wine and brandy manufacturing (wineries) market in the forecast period. An RTD is a single-use packaged beverage that is ready for immediate consumption at the time of purchase. RTD drinks are gaining popularity among working adults due to their clean labels and functionality. The introduction of new flavours in the range of RTD alcoholic beverages, ease of carrying, and convenience are expected to boost the demand for RTD alcoholic beverages. Increasing demand for RTD beverages, including RTD alcoholic beverages, is expected to drive the wine and brandy manufacturing (wineries) market going forward.
Competitive Landscape:
Major companies operating in the wine and brandy market include Pernod Ricard, Kirin Holdings Company Limited, Christian Dior SE, The Molson Coors Brewing Company, Constellation Brands, Suntory Holdings Limited, Asahi Group Holdings Ltd, Treasury Wine Estates Limited, Anheuser-Busch InBev sa/nv, Altria Group Inc., E. & J. Gallo Winery, Accolade Wines, Bacardi Limited, The Bronco Wine Company, Castel Group, Chapel Down Group PLC, Foley Family Wines Holdings Inc., The Wine Group, Delicato Vineyards Inc., Michael David Winery, Chalone Vineyard, Edna Valley Vineyard, Acacia Winery, Canoe Ridge Vineyard, Jade Mountain Vineyard, Sagelands Vineyard, Echelon Wine Partners Pty Ltd., Hewett Vineyard, Orogeny Vineyards, Arbor Mist Winery, Cook's Champagne Cellars, Paul Masson Grande Amber Brandy, Canandaigua Wine Company, Vendange, Banrock Station, Peter Mondavi Jr.
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Top Trend - Integration Of Augmented Reality Mobile Apps In Winery Marketing
Wine manufacturers are increasingly using augmented reality mobile applications to effectively promote their products. Mobile phones with augmented reality applications when held over a wine bottle label display creative video content that conveys a brand's story and helps engage customers. For instance, Treasury Wine Estates launched the 19 Crimes augmented reality mobile application that animates criminals pictured on its bottle labels when a phone camera is pointed. Other wineries that have launched augmented reality mobile applications include E. & J. Gallo Winery and The Walking Dead.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wine And Brandy Market Characteristics
3. Wine And Brandy Market Trends And Strategies
4. Wine And Brandy Market - Macro Economic Scenario
5. Wine And Brandy Market Size And Growth
…..
27. Wine And Brandy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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