Wine And Brandy Global Market Report 2024 - By Demand, Size, Share, Trends, Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wine And Brandy Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $207.67 billion In 2028 At A CAGR Of 5.0% :
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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Wine And Brandy Market Major Segments
The wine and brandy market covered in this report is segmented -
1) By Type: Wine, Brandy
2) 3) By Category: Mass, Premium
3) By Distribution Channel: Off-Trade Channels, On-Trade Channels

Subsegments Covered: Still Wine, Sparkling Wine, Cognac , Armagnac

Key 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.

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Prominent 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.

Wine And Brandy Market Players
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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Largest And Fastest Growing Region In The Market
Western Europe was the largest region in the wine and brandy market in 2023. Asia-Pacific was the second-largest region in the wine and brandy market. The regions covered in the wine and brandy market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wine And Brandy Market Report Structure
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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