“Global Brandy Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global Brandy market. Brandy refers to a distillate spirit prepared from wine, mashes, and fruit juices containing 35-60% alcohol. It is stored in oak barrels for 3-20 years with additional caramel coloring and flavors. The major steps carried out to produce brandy involve grinding, fermentation, distillation, and aging. Some of the most commonly available brandy includes Armagnac, cognac, and others. Due to its antioxidant, anti-bacterial and polyphenolic compounds, brandy offers various health benefits such as slowing aging, soothing cold and cough, reducing cancer risk, increasing immunity, and improving heart health.
One of the primary factors driving the market is the increasing adoption of cocktail culture, along with the emerging trend of socializing at bars and restaurants. Additionally, the rising popularity of premiumization in the food and beverage (F&B) industry is propelling the market growth. It is also extensively utilized as a digestive and base spirit in cocktails and used in culinary arts to flavor de-glaze pans, soups, flambe desserts and dishes. Besides this, the growing preference for gourmet cooking and the augmenting demand for organic variants is creating a positive market outlook. Along with this, the expanding food tourism and culinary services represent another major growth-inducing factor. Furthermore, the improved quality and aging of the drink, growing awareness regarding the numerous health benefits offered by moderate consumption of brandy, increasing penetration of e-commerce liquor services, and the rising investment in technology and innovation, including modern filters, are some other factors strengthening the market growth.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the brandy market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the brandy market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the brandy market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the brandy market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the brandy market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the brandy market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the brandy market industry. Furthermore, the value chain analysis of the brandy market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Key Segments and Highlights of the Global Brandy Market
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Brandy Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.
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