The 2023 European brandy and cognac market sizes positioned Germany as the largest market at 172.25 million Euros, followed by the United Kingdom at 132.35 million Euros. Portugal and Bulgaria showed moderate market sizes at 67.415 and 64.515 million Euros, respectively. Over the past year, Germany, the UK, and Portugal experienced decreases in market value, while Bulgaria and Greece saw positive growth. Contrastingly, Finland and Slovakia faced the most significant declines. In the last five years, compound annual growth rates highlight a varied landscape, emphasizing the market's fluctuating nature based on consumer preferences and economic conditions.
Future trends to watch in the European brandy and cognac market include the emergence of premiumization as consumers seek higher-quality products, leading to potential market growth in countries with declining trends. Sustainability and eco-friendly packaging are expected to become more significant, possibly influencing consumer purchasing decisions and market dynamics.
Top countries in Brandy and Cognac Market Size Value by Country
| # | 10 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% | View data |
| 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 |
| 7 | 7 Finland | 25,792,000 | 2023 | -6.11% | -4.33% | View data |
| 8 | 8 Sweden | 11,320,000 | 2023 | +1.69% | +0.97% | View data |
| 9 | 9 Croatia | 7,174,400 | 2023 | +0.43% | -1.91% | View data |
| 10 | 10 Denmark | 6,717,600 | 2023 | -3.44% | -3.39% | View data |
