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What is the Expected Growth Rate of the Wine And Brandy Market from 2024 to 2033?

The wine and brandy market will increase from $161.94 billion in 2023 to $170.72 billion in 2024, growing at a CAGR of 5.4%. The growth is driven by the cultural and social significance of wine, traditional craftsmanship, global exports, wine tourism, and consumer interest in premium products.

The wine and brandy market is projected to grow strongly, reaching $207.67 billion by 2028, with a CAGR of 5.0%. Factors driving growth include health trends, climate adaptation, sustainable practices, e-commerce, and premiumization. Key trends include biodynamic winemaking, low-alcohol varieties, craft distillation, and wine-based cocktails.

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What Key Factors Are Fueling the Growth of the Wine And Brandy Market?

The increasing demand for ready-to-drink (RTD) beverages is expected to drive the growth of the wine and brandy manufacturing market. RTDs, which are single-use, pre-packaged beverages ready for immediate consumption, are especially popular among working adults due to their convenience, clean labels, and functional benefits. The introduction of new flavors in alcoholic RTD beverages and the growing demand for portable and easy-to-consume drinks is expected to support the wine and brandy manufacturing market’s growth.

What Are the Major Segments of the Wine And Brandy Market?

1) By Type: Wine, Brandy

2) 3) By Category: Mass, Premium

3) By Distribution Channel: Off-Trade Channels, On-Trade Channels

Subsegments Covered: Still Wine, Sparkling Wine, Cognac , Armagnac

What New Trends Are Transforming the Wine And Brandy Market?

Wine manufacturers are increasingly adopting augmented reality (AR) mobile applications to enhance their marketing strategies. These apps, when used with a mobile phone, display engaging video content on wine labels, offering customers an interactive experience. For instance, Treasury Wine Estates introduced the 19 Crimes AR app, which animates images of criminals on bottle labels when viewed through a phone camera. Other wineries like E. & J. Gallo Winery and The Walking Dead have also launched similar AR applications.

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Which Regions Are Driving Growth in the Wine And Brandy Market?

Western Europe was the largest region in the wine and brandy market in 2023. Asia-Pacific was the second-largest region in the wine and brandy market. The regions covered in the wine and brandy market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Wine And Brandy Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the wine and brandy market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Wine And Brandy Market Include

1. Wine And Brandy Market Executive Summary

2. Wine And Brandy Market Segments

3. Wine And Brandy Market Size And Template Market Growth Rate

4. Key Wine And Brandy Market Trends

5. Major Wine And Brandy Market Drivers

……

25. Key Mergers And Acquisitions In The Wine And Brandy Market

26. Top Wine And Brandy Companies

27. Wine And Brandy Market Opportunities And Strategies

28. Wine And Brandy Market, Conclusions And Recommendations

29. Appendix

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