The Brandy and Cognac market in Bulgaria in 2023 stood at 65.414 million euros. Over the past decade, the market has seen fluctuating growth with notable years of decline in 2014, 2020, and 2021. From 2019 to 2021, the market faced declines, but saw recovery beginning in 2022 with a year-on-year increase of 12.35% and continued growth in 2023 at 2.87%. The Compound Annual Growth Rate (CAGR) over the last five years is 2.63%.
Future trends to watch for:
- Consumer preference shifts towards premium and authentic brandy and cognac products.
- Innovations in production techniques and sustainability practices.
- Potential market expansion as younger demographics engage with these spirits.
| # | 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% | View data |
| 4 | 4 Bulgaria | 64,515,000 | 2023 | +2.87% | +2.63% | |
| 5 | 5 Greece | 35,028,000 | 2023 | +2.1% | +2.81% | View data |
| 6 | 6 Lithuania | 26,854,000 | 2023 | -3.38% | -2.38% | View data |
