Global Cognac Market Growth 2023-2029

Global Cognac Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Cognac Industry Forecast” looks at past sales and reviews total world Cognac sales in 2022, providing a comprehensive analysis by region and market sector of projected Cognac sales for 2023 through 2029. With Cognac sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cognac industry.
This Insight Report provides a comprehensive analysis of the global Cognac landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cognac portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cognac market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cognac and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cognac.
The global Cognac market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
Market concentration for Cognac consumption is high, Hennessy, Martell, Remy Martin and Courvoisier occupied over 90% market share in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Cognac market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
VS
VSOP
XO
Segmentation by application
Online
Offline
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Hennessy
Martell
Remy Martin
Hine/EDV SAS
Camus
Louis ROYER
Baron Otard
Bisquit
Courvoisier
A.E. Dor
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cognac market?
What factors are driving Cognac market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cognac market opportunities vary by end market size?
How does Cognac break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.