Global Cognacs Market, By Grade (V.S., V.S.O.P.), Distribution Channel (On-Trade, Off-Trade), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Cognacs Market
The global cognacs market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 6.58 billion and grow at a CAGR of 3.50% in the above-mentioned forecast period. Rise in the acceptance for premium alcoholic drinks among the millennials acts as an essential factor driving the cognacs market.
Cognac is defined as a variety of brandy named after the commune of Cognac, France. It is produced in the surrounding wine-growing region in the departments of Charente-Maritime and Charente. Cognac has gained universal recognition as one of the finest spirits which are distilled from grapes and the qualities of cognac in terms of intensity, warmth, and subtlety, remain incomparable, that have strengthened its identity as a ‘symbol of the elite
Rise in the number of foodservice chains are promoting their redecorated menus with addition of new brandy-based cocktails which acts as a vital factor escalating the market growth, also rise in the number of cognac producing companies and strong consumption of high-end alcoholic drinks among the students and working-class people in countries are the major factors among others driving the cognacs market. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the cognacs market in the forecast period of 2021- 2028.
However, rise in the cost of research and development activities in the market acts as the major factor among others acting as restraints, and will further challenge the cognacs market in the forecast period.
The global cognacs market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cognacs market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cognacs Market Scope and Market Size
The cognacs market is segmented on the basis of grade and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of grade, the cognacs market is segmented into V.S. and V.S.O.P.
- The cognacs market is also segmented on the basis of distribution channel into on-trade and off-trade.
Cognacs Market Country Level Analysis
The cognacs market is analysed and market size insights and trends are provided by country, grade and distribution channel as referenced above.
The countries covered in cognacs market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
North America dominates the cognacs market due to increase in the number of foodservice chains are promoting their redecorated menus with addition of new brandy-based cocktails and rise in the number of cognac producing companies and strong consumption of high-end alcoholic drinks in this region. Asia-Pacific is the expected region in terms of growth in cognacs market due to rise in the acceptance for premium alcoholic drinks among the millennials in this region.
The country section of the cognacs market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Cognacs Market Share Analysis
The cognacs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cognacs market.
The major players covered in the cognacs market report are DAVIDOFF OF GENEVA USA ONLINE, INC, Thomas Hine & Co., LVMH, MAISON FERRAND and Pernod Ricard, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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