The Brandy and Cognac market in Portugal showed a declining trend from 2013 to 2016, followed by a brief recovery through 2019. However, a significant drop occurred in 2020, with a continued downward trajectory into 2021. A mild recovery occurred from 2022 to 2023, reaching a market size of 67.415 million Euros in 2023. The year-on-year growth from 2021 to 2023 indicated slight improvements but remained negative when considering the last 5-year CAGR at -2.82%.
Future trends to watch for:
- Potential growth driven by premiumization and increased tourism post-pandemic.
- Expanding interest in craft spirits and sustainable production practices.
- Shift in consumer preferences towards low-alcohol and health-conscious options.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 172,250,000 | 2023 | -3.53% | -3.24% | View data |
| 2 | 2 United Kingdom | 132,350,000 | 2023 | -1.42% | -2.1% | View data |
| 3 | 3 Portugal | 67,415,000 | 2023 | +1.1% | -2.82% | |
| 4 | 4 Bulgaria | 64,515,000 | 2023 | +2.87% | +2.63% | View data |
| 5 | 5 Greece | 35,028,000 | 2023 | +2.1% | +2.81% | View data |
