With a Compound Annual Growth Rate (CAGR) of 6.1% over the forecast period, the cognac and brandy market is expected to reach a valuation of USD 12,750 million in 2025 and grow to around USD 20,100 million by 2032.
This expansion emphasises the significance of technical advancements in the industry and the rising need for sophisticated data management systems. The growing demand for luxury alcohol brands, growing consumer interest in premium spirits, and developing markets in emerging nations are all contributing to the continuous rise of the global cognac and brandy market.
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Market Dynamics
With a growing preference for aged and artisan spirits, the industry is driven by the increased demand for both conventional and novel brandy variants. Due to rising demand for premium and super-premium products, North America, Europe, and Asia-Pacific are the main regions driving market expansion.
Other factors driving market expansion include the creation of new product options, like flavoured brandies and cognacs, and the growing popularity of giving premium spirits as gifts. Consumer preferences are also being influenced by the growing emphasis on environmentally friendly manufacturing practices and the growing popularity of experiential drinking, which includes tastings and brand encounters.
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Segments-
By Type:
Armagnac, Cognac, Brandy, and Others Cognac, brandy, and armagnac make up the By Type segment of the global cognac and brandy market. Made from particular grapes cultivated in the Cognac region of France, cognac is a strictly controlled type of brandy that requires double distillation in copper pot stills. It is usually aged in oak barrels to generate complex flavours and is renowned for its rich, silky flavour character. The term "brandy" refers to a wide range of distilled spirits produced from fermented fruit, the most popular of which being grape brandies.
Key Players
LVMH (Mot Hennessy Louis Vuitton) R?my Cointreau Pernod Ricard Diageo Camus Hennessy Martell Courvoisier The Edrington Group Bacardi Limited Bottled Drinks (Bristol) Ltd. Maison Surrenne Gruppo Campari Suntory Holdings Limited Armagnac Castarde For the competitor segment, the report includes global key players and some small players. The information for each competitor includes:
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