What is Global Brandy Market?
The Global Brandy Market is a vast and dynamic sector that encompasses the production, distribution, and sale of brandy, a type of distilled spirit, across the globe. This market is not confined to a single region or country but spans across continents, making it a truly global industry. The brandy market includes various types of brandy, such as grape brandy, fruit brandy, pomace brandy, and others, each with its unique production process and flavor profile. The market is driven by various factors such as changing consumer preferences, increasing disposable income, and the growing popularity of cocktail culture. However, it also faces challenges such as stringent regulations and high taxes in some regions. Despite these challenges, the global brandy market continues to grow, driven by the increasing demand for premium and super-premium brandy.
V.S., V.S.O.P, XO, Hors dage, Multi - Idler in the Global Brandy Market:
In the Global Brandy Market, there are several classifications of brandy, including V.S., V.S.O.P, XO, Hors dage, and Multi - Idler. V.S., or Very Special, is a designation for a brandy that has been aged for at least two years. V.S.O.P, or Very Superior Old Pale, is a brandy that has been aged for at least four years. XO, or Extra Old, is a brandy that has been aged for at least six years. Hors dage, or Beyond Age, is a brandy that has been aged for at least ten years. Multi - Idler is a term used to describe a blend of different brandies. Each of these classifications has its unique taste and aroma, and they cater to different consumer preferences. The choice of brandy depends on various factors such as personal taste, occasion, and budget.
Shop & Supermarket, Restaurant & Bar & Club, Exclusive Store, Others in the Global Brandy Market:
The Global Brandy Market finds its usage in various areas such as Shop & Supermarket, Restaurant & Bar & Club, Exclusive Store, and Others. In Shops & Supermarkets, brandy is sold as a retail product, and consumers can choose from a wide range of brands and types. In Restaurants & Bars & Clubs, brandy is served as a drink, either neat, on the rocks, or as part of a cocktail. Exclusive Stores are shops that specialize in selling brandy and other spirits, and they often offer a more extensive selection and more knowledgeable staff than regular supermarkets. Other areas where brandy is used include online retail, duty-free shops, and direct sales from distilleries. Each of these areas caters to different consumer needs and preferences, and they all contribute to the overall growth of the global brandy market.
Global Brandy Market Outlook:
The global Brandy market, as per the recent market outlook, was valued at US$ 23710 million in 2022. It is projected to reach a valuation of US$ 25620 million by 2029, growing at a CAGR of 1.1% during the forecast period of 2023-2029. The market is dominated by the top 2 players who hold over 20% shares of the global market. The primary markets for brandy are India and the Philippines, accounting for about 60% of the global market. V.S. is the most popular type of brandy, holding a market share of about 50%. The primary application of brandy is in Shops & Supermarkets, which hold over 50% of the market share. This data provides a comprehensive overview of the current state of the global brandy market and its key players.
| Report Metric | Details |
| Report Name | Brandy Market |
| Accounted market size in 2023 | US$ 23710 million |
| Forecasted market size in 2030 | US$ 25620 million |
| CAGR | 1.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Emperador, Gran Madador, McDowell's No.1, Hennessy, Manision House, Changyu, E & J Gallo, Honey Bee, Old Admiral, Men's Club, Dreher, McDowell's VSOP, Golden Grape, Paul Masson, Martell, Old Kenigsberg, Remy Martin, Courvoisier, Christian Brothers, Silver Cup Brandy, Camus, Bisquit, Baron Otard, Louis Royer, Korbel, Brillet, Salignac, Meukow, Hardy, Gautier |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
