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Brandy & Cognac Market Trends

Report ID: GMI6378
Published Date: Aug 2023
Report Format: PDF

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Brandy & Cognac Market Trends

Consumers were increasingly seeking premium and high-quality spirits, driving the demand for premium brandy and cognac products. Brands were focusing on offering aged and limited-edition expressions to cater to discerning consumers' tastes. Consumers were showing a preference for craft and artisanal brandy and cognac, seeking products with unique flavor profiles and production methods. Smaller, boutique distilleries gained popularity among enthusiasts. There was a rising awareness and demand for sustainable and ethically sourced brandy and cognac.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of brandy & cognac crossed USD 12.3 billion in 2022 and will reach USD 20.6 billion by 2032, says this GMI report.

Brandy & cognac market share from the premium segment will observe nearly 4.7% CAGR between 2023 to 2032 as these premium products are known for their complex and refined flavor profiles, attracting consumers seeking a more sophisticated tasting experience.

U.S. market accounted for more than USD 3.5 billion in 2022 and will expand at a significant pace from 2023 to 2032 as the consumers in the region seek higher-quality brandy & cognac options for special occasions and premium drinking experiences.

Abbott Laboratories, Bio-Rad Laboratories, Inc, Danaher Corporation, Diagnostica Stago, DiaSorin S.p.A., F. Hoffmann-La Roche Ltd, Grifols S.A., Hologic, Inc., Immucor Inc., Quotient Ltd and Thermo Fisher Scientific Inc. among others.