According to Cognitive Market Research, the global cognac and brandy market size will be USD 12514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.
North America was the major market, accounting for more than 40% of global revenue and having a market size of USD 5005.68 million in 2024. It will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 3754.26 million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD 2878.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 625.71 million in 2024, and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 250.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The VS (very special) segment held the highest cognac and brandy market revenue share in 2024.
