The wine and brandy market consists of sales of wines, ciders, fortified wines and brandies by entities (organizations, sole traders and partnerships) that grow grapes and other fruits, and/or produce wines and brandies, and blend wines and brandies. The companies in the wineries industry process raw materials into wines, brandies, ciders and fortified wines, package and distribute them through various distribution channels to both individual customers and commercial establishments. Their produce includes champagne, alcoholic cider, fortified wines, ice wines, sparkling wines and vermouth. The wine and brandy market is segmented into wine and brandy.
The global wine and brandy market is expected to grow from $166.56 billion in 2020 to $178.46 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $245.79 billion in 2025 at a CAGR of 8%.
