Cognac is a type of brandy which is produced by double distillation of white wines and by aging. It is a high-end product and depending on the time period taken by the brandy for aging, different varieties are available. The cognac market is projected to grow in regions where consumers are exploring more luxury alcoholic beverages. Consumer demand for more delicate, flavored and refined brandy is expected to fuel the growth of the cognac market in the forecast period. As compared to its competitor whiskey, cognac offers a more fruitful flavor, which is a unique driver, fuelling the growth of the cognac market.
The cognac market is currently experiencing a revival in the world. After declining sales in the past decade, the cognac market is suddenly witnessing growth in some regions of the world. Cognac is popular amongst consumers as a traditional cocktail ingredient. It is also known that unlike other alcoholic beverages, cognac does not promote a headache. These are distinguishing factors of cognac and likely to boost the growth of the cognac market. The VS cognac makes up the highest share in the cognac market. The trend observed with cognac is that nowadays it is consumed with food or as a cocktail mix. The Cognac Summit, an organization which was formed as a result of collaboration between Bureau National Inter professionel du Cognac (BNIC) and international bartenders, is a macroeconomic factor which has contributed to the revival of the cognac market. Many other macroeconomic factors like the ban on drinking and gift-giving have also influenced the ups and downs of the cognac market. Recently, many key players had announced that the consumer demand for cognac has outstripped their production capacities, which is a clear indicator of the growth of cognac market. The U.S. and Chinese markets are the largest contributors to the growth of the cognac market. Growth in personal consumption of alcoholic beverages in regions like China is also expected to boost the growth of the overall cognac market.
In 2019, the market size of Cognac is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Cognac.
This report studies the global market size of Cognac, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Cognac sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sales, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Pernod Ricard
Jas Hennessy
Novovino Wine
Branded Spirits
Beam Suntory
PIERRE LECAT SAS
Meukow Cognac
Rémy Cointreau
Market Segment by Product Type
XO(Extra Old)
VS(Very Special)
VSPO(Very Superior Pale Old)
Others
Market Segment by Application
Hypermarkets/Supermarkets
Convenience Stores
Discount Stores
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Cognac status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Cognac manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Cognac are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Cognac. Industry analysis & Market Report on Cognac is a syndicated market report, published as Global (United States, European Union and China) Cognac Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Cognac market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.