Press release
Wine And Brandy Market Size Projected To Reach $219.68 Billion By 2034 With A Cagr Of 5.1%
Wine And Brandy
What Is the Projected Growth of the Wine And Brandy Market?
The wine and brandy market size has expanded significantly in recent years. It will increase from $170.78 billion in 2024 to $179.77 billion in 2025 at a CAGR of 5.3%. The growth can be attributed to the cultural and social significance of wine, traditional craftsmanship, global exports, wine tourism, and rising consumer interest in premium products.
The wine and brandy market is projected to expand significantly, reaching $219.68 billion by 2029, with a CAGR of 5.1%. Growth factors include rising health consciousness, climate resilience efforts, sustainability, online direct-to-consumer channels, emerging economies, and premiumization. Notable trends involve biodynamic and organic production, low- and no-alcohol options, orange wine, artisanal distillation, and mixed wine and brandy drinks.
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What Are the Different Wine And Brandy Market 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:
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
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What Are the Primary Drivers Shaping the Wine And Brandy Market?
Rising demand for ready-to-drink (RTD) beverages is expected to contribute to the growth of the wine and brandy manufacturing (wineries) market. RTD drinks are increasingly popular due to convenience and new flavor offerings, especially among working adults, supporting market expansion in the coming years.
Which Companies Are Leading in 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 Trends Are Expected to Dominate the Wine And Brandy Market in the Next 5 Years?
Wine manufacturers are increasingly incorporating augmented reality mobile apps to promote their products. These apps, when held over a wine bottle, display creative videos that convey the brand's story, engaging consumers. An example is the 19 Crimes augmented reality app by Treasury Wine Estates, which brings the images on its bottle labels to life. Other wineries like E. & J. Gallo Winery and The Walking Dead have adopted similar technology.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Wine And Brandy Market?
2. What is the CAGR expected in the Wine And Brandy Market?
3. What Are the Key Innovations Transforming the Wine And Brandy Industry?
4. Which Region Is Leading the Wine And Brandy Market?
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