all report title image
  • To Be Published : Mar 2024
  • Code : CMI3077
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Brandy is obtained by distillation of fermented grape juice and is usually matured in oakwood casks for a minimum of 3 years. Brandy matured in black oakwood casks is amber in color. Brandy typically contains 35% to 60% alcohol by volume and is generally consumed after dinner as a digestif.

Market Dynamics:-

Increasing demand for alcoholic beverages among adults and young population worldwide is driving the global brandy market growth during the forecast period. According to The National Institute on Alcohol Abuse and Alcoholism (NIAAA), in the U.S., total alcohol consumption per person/year was pegged at 8.82 litters in 2017.

Furthermore, rising disposable income coupled with increasing consumption of alcohol is boosting growth of the global brandy market. According to Trading Economics Statistics on United States Disposable Personal Income, the disposable personal income in the U.S. averaged US$ 5,200.2 billion in 1959, which increased to US$ 15,742.81 billion in November 2018.

Market Outlook:-

Among distribution channel, specialty stores segment is expected to account for largest market share in the global brandy market during the forecast period. Key players operating in distilled spirits market are focused on new product launches in order to strengthen their market presence. Moreover, owing to shift in consumer preference towards premium-priced spirits, key players are focused on developing premium product range. For instance, in February 2019, Copper & Kings American Brandy Co., based in Louisville, announced launch of its two latest, pure copper pot-distilled American luxury gins. These are brandy-based gins, namely 'The History of Lovers' and 'The Ninth'. In addition to this, rising number of distribution channels such as outlets at airports and online channels is fuelling demand for alcoholic beverages, which is expected to boost the global brandy market growth during the forecast period.

Stringent government regulations in several economies such as ban on advertisement of alcoholic beverages in public places, and limited and permissible consumption of these products are factors hindering growth of the brandy market. For instance, 'the Federal Uniform Drinking Age Act of 1984' established the minimum legal drinking age as 21 years in the U.S.; however, there are some exceptions in some states that allow individuals under the age of 21 to drink alcohol with parents, and certain family members. Rising awareness campaigns with regard to harmful effects of alcohol consumption across the globe is expected to hinder the market growth during the forecast period. For instance, in 2016, Alcohol Awareness Week was conducted by Alcohol Change U.K., which is a limited company registered in England and Wales.

Key Players:-

Key players in the brandy market include United Spirits Limited, Pernod Ricard, Campari Group, Radico Khaitan, Hennessy, Tilaknagar Industries, Great Lakes Distillery LLC, Weissbrand Distilling Co., Caddell & Williams, Stark Spirits Distillery, and others.

Market Taxonomy:-

On the basis of product type, the global brandy market is segmented into:

  • Peach Brandy
  • Fruit Brandy
  • Dried Fruit Brandy
  • Pomace Brandy
  • Others

On the basis of distribution channel, the global brandy market is segmented into:

  • Hypermarkets and Supermarkets
  • Specialty Stores
  • Drug Stores
  • Online Channel
  • HoReCa
  • Others

On the basis of region, the global brandy market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Poland
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • New Zealand
    • Japan
    • ASEAN
    • Australia
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • South Africa
    • Central Africa

View Our Licence Options

Need a Custom Report?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports

Customize Now

Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Request Discount
Logo

Reliability and Reputation

ESOMAR
DUNS Registered
Clutch
DMCA Protected

9001:2015

Reliability and Reputation

27001:2022

Reliability and Reputation

EXISTING CLIENTELE

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients
trusted clients logo