Precision Business Insights has published a report on the global cognac market, estimating its value at USD 4,665.9 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 3.0% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/cognac-market
The Cognac Market refers to the global commerce and consumption of Cognac, a premium brandy manufactured solely in the Cognac area of France by double distillation of white wine and aging in French oak casks. Cognac is classified into age classes like as VS (Very Special), VSOP (Very Superior Old Pale), and XO (Extra Old), each catering to a distinct market sector.
Drivers:
- Growing middle-class affluence and aspirational consumption fuel interest in high-quality, aged Cognac.
- Eco-friendly packaging, organic farming, and carbon-conscious practices resonate with modern consumers.
The global cognac market segmentation:
1) By Grade: VS, VSOP, XO
2) By End-User: Household & Residential, Institutional Buyers, Restaurants & Pubs, Others
3) By Distribution Channel: On-trade, Off-trade
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Regional Overview:
The report also examines the current concerns and their Future Effects on the cognac market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the cognac market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Remy Cointreau, Hennessy, Camus Cognac, Maison Ferrand, Cognac Meukow, Thomas Hine & Co., Louis Royer, Diageo plc, Constellation Brands, Inc., Luzhou Laojiao Co., Ltd., Zino Davidoff, Pernod Ricard
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