Food And Beverages

Global Wine And Brandy Market Outlook, Opportunities And Strategies

December 17, 2021 by The Business Research Company

Learn about the global wine and brandy market through The Business Research Company, which provides information on wine and brandy market size, wine and brandy market drivers and restraints, wine and brandy market players, the COVID-19 impact on the wine and brandy market, and more.

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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 (wineries) market in the forecast period.

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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.

Global wine and brandy market segments include:

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 market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the global wine and brandy market, accounting for 31% of the market in 2020.

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.

TBRC’s wine and brandy market report covers:

Major Market Players: Constellation Brands, E & J Gallo Winery, Torres Wines, Treasury Wine Estates, Vina Concha Y Toro.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Wine And Brandy Global Market Report 2021: COVID-19 Impact and Recovery to 2030 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, share, wine and brandy market players, wine and brandy market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s wine and brandy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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