The Wine And Brandy Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Wine And Brandy Global Market Report 2024, The wine and brandy market size has grown strongly in recent years. It will grow from $161.94 billion in 2023 to $170.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to cultural and social significance, traditional craftsmanship, global export, wine tourism, consumer interest in premium products.
The wine and brandy market size is expected to see strong growth in the next few years. It will grow to $207.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to health and wellness trends, climate change adaptation, sustainable practices, e-commerce and direct-to-consumer sales, emerging markets and premiumization. Major trends in the forecast period include biodynamic and organic winemaking, low-alcohol and non-alcoholic varieties, orange wine, craft distillation and micro-distilleries, wine and brandy cocktails.
Increasing demand for ready-to-drink (RTD) beverages is expected to drive the wine and brandy manufacturing (wineries) market in the forecast period. An RTD is a single-use packaged beverage that is ready for immediate consumption at the time of purchase. RTD drinks are gaining popularity among working adults due to their clean labels and functionality. The introduction of new flavours in the range of RTD alcoholic beverages, ease of carrying, and convenience are expected to boost the demand for RTD alcoholic beverages. Increasing demand for RTD beverages, including RTD alcoholic beverages, is expected to drive the wine and brandy manufacturing (wineries) market going forward.
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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 Covered: Still Wine; Sparkling Wine; Cognac ; Armagnac
The wine and brandy market report table of contents includes:
- Executive Summary
- Wine And Brandy Market Characteristics
- Wine And Brandy Product/Service Analysis -Product/Service Examples
- Wine And Brandy Market Trends And Strategies
- Wine And Brandy Market – Macro Economic Scenario
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- Global Wine And Brandy Market Competitive Benchmarking
- Global Wine And Brandy Market Competitive Dashboard
- Key Mergers And Acquisitions In The Wine And Brandy Market
- Wine And Brandy Market Future Outlook and Potential Analysis
- Appendix
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