Global Cognac Market to Grow at 2.42% During 2025-2033, Impelled by In-crease in Consumption of Alcoholic Beverages

December 09, 2024 | Food & Beverages

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According to the latest report by IMARC Group, titled "Cognac Market Report by Grade Type (VS (Very Special), VSOP (Very Special Old Pale), XO (Extra Old), and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Liquor Stores, Online Stores, and Others), and Region 2025-2033," the global cognac market size reached USD 2.43 Billion in 2024. Cognac is a premium alcoholic beverage produced by fermenting and double distilling grapes with white wine. It is characterized by a delicate, fruity flavor and is formulated using a variety of grapes, including folle blanche, trebbiano, and colombard grapes. Cognac offers various vital nutrients and antioxidants. Moderate consumption of cognac helps prevent strokes, reduce the risk of cardiovascular ailments, lower the chances of developing cancer, and promote bone health.

Global Cognac Market Trends:

A significant rise in alcohol consumption across the globe represents the key factor driving the cognac market growth. Additionally, the escalating demand for premium alcoholic beverages, especially amongst millennials, is acting as a growth-inducing factor. This is further supported by rising disposable incomes and improved living standards of the population. Moreover, an expansion in the foodservice industry and the introduction of cognac in innovative flavors, such as vanilla, apple, orange zest, honey, and caramel, are positively influencing the market growth. Other factors, including the use of natural and organic ingredients in the formulation process and the establishment of online retail channels, are also contributing to the market growth. Looking forward, IMARC Group expects the market value to reach USD 3.11 Billion by 2033, exhibiting a CAGR of 2.42% during 2025-2033.

Market Summary:

Based on the grade type, the market has been segmented into VS (Very Special), VSOP (Very Special Old Pale), XO (Extra Old), and others.
On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience, liquor, and online stores, and others.
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has also been examined, with some of the key players being Camus Cognac, Courvoisier S.A.S., KELT International, LVMH Moët Hennessy Louis Vuitton, Maison Delamain, Maison Ferrand, Meukow Co, Pernod Ricard, Remy Cointreau and Thomas HINE & Co. (EDV SAS).

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Grade Type, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Camus Cognac, Courvoisier S.A.S., KELT International, LVMH Moët Hennessy Louis Vuitton, Maison Delamain, Maison Ferrand, Meukow Co, Pernod Ricard, Remy Cointreau and Thomas HINE & Co. (EDV SAS)
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Cognac Market to Grow at 2.42% During 2025-2033, Impelled by In-crease in Consumption of Alcoholic Beverages

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