The Brandy and Cognac market size value per capita in Portugal showed a fluctuating trend from 2013 to 2023. After peaking in 2018 and 2019 at €7.56, it declined to €6.43 by 2023. The year-on-year change for 2022 showed a modest rise of 0.16%, while the compound annual growth rate (CAGR) from 2019 to 2023 was negative, indicating a decline in consumer spending on Brandy and Cognac during this period.
Future trends to watch for include:
- The impact of economic recovery and disposable income growth on consumption rates.
- Potential shifts in consumer preferences favoring premium brands.
- The influence of health trends and the rise of non-alcoholic options on market size.
