The global cognac market exhibited moderate growth during 2015-2020. Cognac is a premium alcoholic beverage manufactured by blending grapes and double distillation of white wines in the Cognac region of France. It has a delicate, acidic and fruity flavor and is produced using trebbiano, folle blanche and colombard grapes, which are pressed immediately after harvesting using pneumatic presses to ensure low-pressure extraction of high-quality must. Cognac obtains its distinctive dark caramel color resulting from the aging in oak barrels and through added coloring agent. It is a rich source of essential antioxidants and moderate consumption of cognac can aid in asthma management, stress reduction, diabetes prevention and improving cardiovascular and bone health.
The global cognac market is primarily being driven by a substantial increase in the consumption of alcoholic beverages. Furthermore, the rising demand for premium and super-premium cognacs and brandies by consumers, especially millennials, is providing a thrust to the market growth. Bars, luxury hotels and fine-dine restaurants are also experimenting with a variety of alcoholic beverages to offer unique dining experiences to their customers. Additionally, the introduction of cognac in innovative flavors, such as apple, honey, oakwood, sandalwood, orange zest, cinnamon and caramel, is acting as another growth-inducing factor. Product manufacturers are also emphasizing on using natural and organic ingredients that are free from harmful fertilizers, pesticides and inorganic chemicals to cater to the requirements of the health-conscious consumers. Other factors, including the rising preference for premium craft alcohol, along with the proliferating online retail channels, which offer easy product availability with a wide range of options, are anticipated to drive the market further. Looking forward, IMARC Group expects the global cognac market to grow at a CAGR of around 4% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global cognac market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, grade type and distribution channel.
Breakup by Grade Type:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Camus Cognac, Courvoisier S.A.S., KELT International, LVMH Moët Hennessy Louis Vuitton, Maison Delamain, Maison Ferrand, Meukow Co, Pernod Ricard, Remy Cointreau and Thomas HINE & Co. (EDV SAS).
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