Wine And Brandy Global Market To Reach Value Of About $245.79 Billion In 2025
8 Feb, 2021
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.
Global Wine And Brandy Market Size And Drivers:
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%. Increasing demand for ready-to-drink (RTD) beverages is expected to drive the wine and brandy manufacturing market in the forecast period. RTD is a single-use packaged beverage that is ready for immediate consumption at the time of purchase.
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Trends In The Global Wine And Brandy Market
Wine manufacturers are increasingly using augmented reality mobile applications to effectively promote their products. Mobile phones with augmented reality applications when held over a wine bottle label display creative video content that convey a brand’s story and help engage customers.
Global Wine And Brandy Market Segments:
The global wine and brandy market is further segmented based on type, distribution channel, category and geography.
By Type: Wine, Brandy.
By Distribution Channel: Off-Trade Channels, On-Trade Channels.
By Category: Mass, Premium.
Subsegments Covered: Still Wine, Sparkling Wine, Cognac, Armagnac
By Geography: The global wine and brandy market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Western Europe is the largest region in the global wine and brandy market, accounting for 31% of the total market.
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Wine And Brandy Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wine and brandy market overviews, analyzes and forecasts market size and growth for the global wine and brandy market, wine and brandy market share, wine and brandy market players, wine and brandy market segments and geographies, wine and brandy market’s leading competitors’ revenues, profiles and market shares. The wine and brandy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.