The 2023 European brandy and cognac market was led by Germany, with the United Kingdom and Portugal following. Notable year-on-year declines were observed in Germany, the UK, and Finland, while Bulgaria and Greece saw positive growth. Over the last five years, the compound annual growth rate (CAGR) suggests a moderate market fluctuation with varying stability among countries.
Future trends to watch include:
- Shifts in consumer preferences towards premium and craft offerings.
- Potential impacts of economic conditions on discretionary spending.
- Increasing sustainability and localization efforts in production methods.
Top countries in Brandy and Cognac Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.7 | 2023 | -3.53% | -3.24% | View data |
| 2 | 2 United Kingdom | 23.59 | 2023 | -1.42% | -2.1% | View data |
| 3 | 3 Portugal | 12.02 | 2023 | +1.1% | -2.82% | View data |
| 4 | 4 Bulgaria | 11.5 | 2023 | +2.87% | +2.63% | View data |
| 5 | 5 Greece | 6.24 | 2023 | +2.1% | +2.81% | View data |
| 6 | 6 Lithuania | 4.79 | 2023 | -3.38% | -2.38% | View data |
| 7 | 7 Finland | 4.6 | 2023 | -6.11% | -4.33% | View data |
| 8 | 8 Sweden | 2.02 | 2023 | +1.69% | +0.97% | View data |
| 9 | 9 Croatia | 1.28 | 2023 | +0.43% | -1.91% | View data |
| 10 | 10 Denmark | 1.2 | 2023 | -3.44% | -3.39% | View data |
