Press release
Cognac and Brandy Market Growth Propelled by Tradition and Innovation: Insights, Key Players, and Predictions for the $19.79 Billion Industry by 2029
Cognac And Brandy Market Size
• The cognac and brandy market size which was $14.97 billion in 2024 is projected to grow to $15.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.5%.
This growth has been driven by factors such as tradition and heritage, globalization of consumer palates, and the rise of mixology.
• Looking forward, by 2029, the market size is expected to reach $19.79 billion, growing at a CAGR of 5.8%. Key drivers in this period will include premiumization trend, emerging market growth, e-commerce and online retailing, and rise of craft and artisanal production.
What Is Driving The Growth In The Cognac And Brandy Market?
Rising demand for craft beverages is anticipated to boost the cognac and brandy market. Craft beverages, tiny, traditionally manufactured, and independently created brews, use cognac and brandy to confer several health benefits. Increasing popularity of brandy as it facilitates sleep and helps maintain heart health is also a significant market driver. A notable instance is the burgeoning number of craft breweries in the U.S, up from 9,824 in 2022 to 9,906 operational breweries in 2024, per the Brewers Association, a US-based not-for-profit trade association.
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Who Are the Key Players Driving Cognac And Brandy Market Growth?
• Hennessy LVMH
• Diageo Plc.
• Suntory Holdings Limited
• Pernod Ricard SA
• E & J Gallo Winery
• Beam Suntory Inc.
• Campari Group
• Remy Martin XO
• United Spirits Limited
• Emperador Distillers Inc.
• Martell and Company SA
• Radico Khaitan Limited
• Tilaknagar Industries Ltd.
• Miguel Torres SA
• Korbel Winery
• Copper and Kings
• Courvoisier SAS
• Louis Royer SAS
• Asbach GmbH
• Global Spirits
• Camus Cognac
• Naud Spirits & Distillery
• Meukow Cognac
• Thomas Hine & Co
• Paul Masson
• Christian Brothers
• Branded Spirits Limited
• Delamain Cognac
• A. de Fussigny
• J.P. Chenet
What Are The Key Trends In The Cognac And Brandy Market?
Major trends in the market are:
• Innovations in packaging
• Flavor experimentation and infusions
• Interactive brand experiences
• Collaborations with mixologists and chefs
What Are The Segments Of The Global Cognac And Brandy Market?
• By Product: Cognac, Armagnac, Spanish Brandy, Pisco
• By Price: Value, Premium, High-End Premium, Super Premium
• By Application: Household, Commercial
• By Distribution Channel: On Trade, Off Trade
Which Region Leads The Cognac And Brandy Market?
In 2024, North America lead the cognac and brandy market, and Asia-Pacific is pegged to be the fastest-growing region over the forecast period. The cognac and brandy market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cognac And Brandy Market Global Market Report?
- Market Size Analysis: Analyze the Cognac And Brandy Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cognac And Brandy Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cognac And Brandy Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cognac And Brandy Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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