Global Wine And Brandy Market to Reach $219.68 Billion by 2029, Growing at 5.1% CAGR

What Is the Expected Size and Growth Rate of the Wine And Brandy Market?
There has been substantial growth in the wine and brandy market size over the past few years. The market is projected to expand from $170.78 billion in 2024 to $179.77 billion in 2025, marking a compound annual growth rate (CAGR) of 5.3%. This growth in the historic period is due to factors such as cultural and social importance, traditional craftsmanship, global export, wine tourism, and consumer interest in premium products.

The market size for wine and brandy is anticipated to witness robust growth in the forthcoming years. The market is projected to expand to $219.68 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.1%. This growth during the predicted period is due to a mix of factors such as health and wellness fads, climate change mitigation, eco-friendly practices, online commerce and direct sales to customers, burgeoning markets and premiumization. Notable trends during the forecast period include the rise of biodynamic and organic winemaking, low-alcohol and non-alcoholic varieties, the popularity of orange wine, the rise of craft distillation and micro-distilleries, and the growing love for wine and brandy cocktails.

What Factors Are Fueling Growth in the Wine And Brandy Market?
The projected rise in the wine and brandy manufacturing (wineries) market is believed to be fuelled by the growing consumer preference for ready-to-drink (RTD) beverages. RTD drinks, pre-packaged beverages that can be enjoyed immediately upon purchase, have been garnering attention among working adults, attributed largely to their straightforward labelling and practical use. The market potential for RTD alcoholic beverages is further amplified by the introduction of considerably new flavours, their portability, and overall convenience. The escalating demand for all kinds of RTD beverages, inclusive of RTD alcoholic ones, is predicted to be a driving force for the expansion of the wine and brandy manufacturing (wineries) market in the future.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3558&type=smp

Which Leading Companies Are Shaping the Growth of the Wine And Brandy Market?
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.

What Are the Major Trends Shaping the Wine And Brandy Market?
There's a growing trend among wine producers to use augmented reality mobile apps as a novel way to market their products. By using a mobile phone with an augmented reality app, customers can see eye-catching video content displayed on a wine bottle label that narrates the brand's story, thereby enhancing customer engagement. As an example, the 19 Crimes augmented reality mobile application introduced by Treasury Wine Estates animates criminals featured on its bottle labels when viewed through a phone camera. E. & J. Gallo Winery and The Walking Dead are other wineries that have adopted this interactive method through the use of augmented reality mobile applications.

What Are the Key Segments of the Wine And Brandy Market?
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:
1) By Wine: Red Wine, White Wine, Rosé Wine, Sparkling Wine, Dessert Wine, Fortified Wine
2) By Brandy: Cognac, Armagnac, Fruit Brandy, Pomace Brandy, Traditional Brandy

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/wine-and-brandy-global-market-report

Which Region Dominates the Wine And Brandy 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.

What Is Covered In The Wine And Brandy Global Market Report?

- Market Size Analysis: Analyze the Wine And Brandy Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Wine 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 Wine And Brandy Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Wine And Brandy Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3558

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.