Europe Brandy Market (2020-2026) | Companies, Growth, Forecast, Value, Analysis, Trends, Revenue, COVID-19 IMPACT, Industry, Outlook, Size & Share

Europe Brandy Market is growing due to the increase in spending power of customers and urbanization. The key market driver is a rising demand for premium drinks, the global spirits market is dominated by premium and super-premium brands. The change in lifestyle and increasing consumption of alcoholic has boosted the industry. Brandy is either served alone or as after-meal drinks with soda. It is used to flavor several dessert dishes and mixed drinks, ignite flamed dishes like cherries jubilee and crepes Suzette. In the making of other various distilled liquors, brandy is also used as a base spirit. Furthermore, the growing popularity of cocktails and shifting preference from vodka and whiskey to brandy is expected to boost the growth of the brandy market in Europe. Over time, the fruit brandy’s found new applications in promoting fruit-based cocktails and additions into bakery products, like cakes, thus having this boost back their regional interests into the market. Brandy manufacturers are also focusing on offering consumers a variety of drinks with different blends and flavors and promote cognac-based cocktails. The increase in demand for brandy from developing economies and the growing popularity of cognac is contributing towards the growth. Increasing e-commerce penetration is fuelling the growth of the brandy market. In recent years, being healthy has been a trend that has had the most significant impact on the European alcohol industry. This healthy lifestyle trend did not affect the sale of alcohol in the EU market but it has been critical in influencing the trend to converge the demand into natural botanical ingredients added to spirits, increased use of fruit flavors in ciders, ready to drink products. Young adults have reduced their average consumption. Also, a huge shift has been witnessed in alcohol consumption among young adults. This, in turn, low- or alcohol-free alternatives are in huge demand now and many brands are focusing on it particularly. Though the quality demanded are decreased the introduction of premium brandy’s of higher cost have increased the revenue from the sale. However, the market is impeded due to growing competition from other spirit manufacturers. The change in preference in recent years to non - alcoholic drinks has declined the demand for brandy. The recent outbreak of COVID - 19 made the industry suffer a hit as there is a cut in spending pattern due to lowered income. Furthermore, disruptions in the supply chain have been affecting the market.

According to 6Wresearch, Europe Brandy Market size is anticipated to register growth during 2020-26. The European region is witnessing a shift in demand due to the healthy lifestyle trend, thus the manufactures now need to develop new and innovative drinks to retain the market. Many manufacturers have already shifted their focus to alcohol-free drinks to target a growing number of individuals who drink less alcohol or abstain from it.

Based on application, the brandy market has been segmented into Shop & Supermarket, Restaurant & Bar & Club, Exclusive Store, pharmaceuticals. By Product, V.S. V.S.O.P, XO, Hors dage, Multi – Idler are the types of brandy available in the market. The consumption of cocktail has increased the demand for premium brandy. Cognac is gaining maximum popularity.

The Europe Brandy Market report thoroughly covers the market by type, by application and by countries such as the United Kingdom, Italy, Germany, Spain and the rest of Europe. Europe Brandy Market outlook report provides an unbiased and detailed analysis of the on-going Europe Brandy Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Europe Brandy Market Outlook
• Europe Brandy Market Overview
• Europe Brandy Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Europe Brandy Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for United Kingdom Brandy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Spain Brandy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Germany Brandy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Italy Brandy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Europe Brandy Market
• Market Drivers and Restraints
• Europe Brandy Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Brandy Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Product Type:
• V.S (Very Special)
• V.S.O.P (Very Superior Old Pale)
• XO (Extra Old)
• Hors d’ age (Beyond Age)
• By Application:
• Shop & Supermarket
• Restaurant & Bar & Club
• Exclusive Store
• Others
• By Countries:
• United Kingdom
• Spain
• Germany
• Italy
• Rest of Europe

Frequently Asked Questions About the Market Study (FAQs):