Brandy is a type of liquor that can be distilled from wine, brandy grapes or any other fruit. It is a spirit that has been around for centuries and can be found in different forms, including cognac, espiritu de vie and grappa. The market for brandy has been growing in recent years due to an increase in demand by consumers in the emerging markets of Asia. If you are looking for a wholesale brandy supplier, there are a number of companies that offer high-quality liquor products at relatively low prices.
The Brandy Market is Growing
According to market research firm Statista, the worldwide consumption of brandy is expected to grow at an average annual rate of 4.7% between 2016 and 2021. Increased demand for premium-brandy products such as cognac is expected to have a positive impact on the market in the next few years. This trend is likely to benefit companies such as Hennessy, which is the world’s number one brandy brand in terms of revenue. The company has a wide distribution network, which makes it a popular brand in countries such as China, Japan and Brazil. There are a number of opportunities for growth in the market for brandy in the coming years. This is partly driven by the growing popularity of premium-brandy products in countries such as China, Japan and Brazil.
Brandy is an Attractive Investment
Given the strong growth forecast for the global brandy market in the next few years, investors should consider entering the industry now to take advantage of growth opportunities. This can be achieved by buying shares in companies such as Hennessy or Remy Martin, which are currently trading at attractive valuations.
Brandy is the world’s second-largest spirit after vodka in terms of volume, after rum. The global brandy market was valued at $23.17 billion in 2020 and is expected to reach $25.32 billion by the end of 2027, growing at a CAGR of 1.1% during 2021-2027. The top players are concentrating mainly on technical developments in order to increase efficiency. The main challenge for manufacturers is to offer quality products at affordable prices without compromising on quality, as consumers are increasingly demanding affordable luxury products.
Reasons to Invest in Brandy
Brandy is one of the best alcohol drinks out there, having first been used in ancient times as a wine base to make better-tasting spirits. In modern days, it has become very popular around the globe due to its rich flavor and relatively low price when compared to other types of alcohol.