Global Wine And Brandy Market Growth Analysis 2024, Forecast To 2033
23 Jan, 2024
The wine and brandy market have grown strongly, advancing from $161.94 billion in 2023 to $170.72 billion in 2024, with a 5.4% CAGR. Historical drivers include cultural and social significance, traditional craftsmanship, global export, wine tourism, and consumer interest in premium products. Projections suggest strong growth, reaching $207.67 billion by 2028, with a 5.0% CAGR. The forecasted period attributes growth to health and wellness trends, climate change adaptation, sustainable practices, e-commerce, direct-to-consumer sales, emerging markets, and premiumization. Major trends include biodynamic and organic winemaking, low-alcohol and non-alcoholic varieties, orange wine, craft distillation, and micro-distilleries, wine and brandy cocktails.
Global Wine And Brandy Market Key Driver
The wine and brandy manufacturing (wineries) market anticipates growth due to the increasing demand for ready-to-drink (RTD) beverages. RTD beverages, with their convenience and clean labels, appeal to working adults. The U.S. Census Bureau reports a 2.1% rise in U.S. retail e-commerce sales, reaching $277.6 billion in the second quarter of 2023. This demand for RTD beverages is expected to drive growth in the wine and brandy manufacturing market.
Get A Free Sample Of The Global Wine And Brandy Market ReportGlobal Wine And Brandy Market Segments
The wine and brandy market covered in this report is segmented –
1) By Type: Wine, Brandy
2) By Category: Mass, Premium
3) By Distribution Channel: Off-Trade Channels, On-Trade Channels
Subsegments Covered: Still Wine, Sparkling Wine, Cognac , Armagnac
By Geography: The regions covered in the wine and brandy market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Western Europe was the largest region in the wine and brandy market in 2023. Asia-Pacific was the second-largest region in the wine and brandy market. The regions covered in the wine and brandy market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Wine And Brandy Industry Players
Pernod Ricard, Kirin Holdings Company Limited, Christian Dior SE, The Molson Coors Brewing Company, Constellation Brands, Suntory Holdings Limited, Asahi Group Holdings Ltd, Treasury Wine Estates Limited, Anheuser-Busch InBev sa/nv, Altria Group Inc., E. & J. Gallo Winery, Accolade Wines, Bacardi Limited, The Bronco Wine Company, Castel Group, Chapel Down Group PLC, Foley Family Wines Holdings Inc., The Wine Group, Delicato Vineyards Inc., Michael David Winery, Chalone Vineyard, Edna Valley Vineyard, Acacia Winery, Canoe Ridge Vineyard, Jade Mountain Vineyard, Sagelands Vineyard, Echelon Wine Partners Pty Ltd., Hewett Vineyard, Orogeny Vineyards, Arbor Mist Winery, Cook's Champagne Cellars, Paul Masson Grande Amber Brandy, Canandaigua Wine Company, Vendange, Banrock Station, Peter Mondavi Jr.
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Wine And Brandy Market Overview
Wine is an alcoholic drink made from the fermented juice of grapes. Brandy is a strong alcoholic beverage made from distilled wine.
Wine And Brandy Global Market Report 2023 provides data on the global wine and brandy market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The wine and brandy market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.