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

North America Brandy Market is growing due to the increase in spending power of customers and urbanization. The rising demand for premium drinks is one of the key market drivers. Additionally, 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. The rising trend of alcohol consumption in parties among the younger generation is expected to support the growth of the brandy market in the upcoming years. The consumption of alcohol has become a part of the lifestyle for the upper-middle-class section. Thus, the exponential growth of the upper-middle-class people is expected to create a demand for brandy. Furthermore, the flavor innovation is presumed to drive the expansion of the brandy market in the forthcoming years. At places of high altitude, brandy is consumed at moderate levels regularly. It helps to keep one’s body warm in extreme winters. 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 North America. Over time, the fruit brandies found new applications in promoting fruit-based cocktails and additions into bakery products, such as cakes, thus having gained back their regional interests into the market. Brandy manufacturers are also focusing on offering consumers a variation of drinks with various 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. However, the market is impeded due to growing competition from other spirit manufacturers. The laws of the ageing of brandies are strict, in the U.S. the brandies are aged up to a minimum of two years or else they are labelled as immature and no one wants them. In Canada, the ageing restrictions are a minimum of six months. Moreover, the recent outbreak of COVID - 19 made the industry suffer a hit as there is a cut in spending pattern due to lowered income.

According to 6Wresearch, North America Brandy Market size is anticipated to register growth during 2020-26. North America is one of the main consumers of alcohol. It is anticipated to play a key role in the development of the brandy market. The robust economic development of the region is expected to drive the expansion of the brandy market in the future. Furthermore, disruptions in the supply chain have been affecting the market due to the imposition of lockdowns by the government of several countries and the temporary closure of restaurants and bars which has led to a decline in the on-premises consumption of brandy around the world.

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 North America Brandy Market report thoroughly covers the market by type, by application and by countries such as United States and Canada. North America Brandy Market outlook report provides an unbiased and detailed analysis of the on-going North America 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

• North America Brandy Market Outlook
• North America Brandy Market Overview
• North America Brandy Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of North America 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 States Brandy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Canada Brandy Market
• Market Drivers and Restraints
• North America 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 States
• Canada