The global wine and brandy market size is expected to grow from $149.14 billion in 2021 to $168.01 billion in 2022 at a compound annual growth rate (CAGR) of 12.7%. The global wine and brandy market size is expected to grow to $265.23 billion in 2026 at a CAGR of 12.1%.
What is the Global Wine And Brandy Market?
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.
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What drives the Global Wine And Brandy Market?
Increasing demand for ready-to-drink (RTD) beverages is expected to drive the wine and brandy manufacturing (wineries) market in the forecast period. 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 label and functionality. The introduction of new flavors 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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Global Wine And Brandy Market Segments
The global wine and brandy market is segmented:
By Type: Wine, Brandy
By Distribution Channel: Off-Trade Channels, On-Trade Channels
By Category: Mass, Premium
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.
Wine And Brandy Global Market Report 2022provides market size and growth forecasts for the global wine and brandy market, global wine and brandy market share, wine and brandy market segments and geographies, wine and brandy market competitive landscape including 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.
Global Wine And Brandy Industry Playersinclude Pernod Ricard, kirin holdings co ltd, 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, and Altria Group Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
