Cognac Market: 44% of Growth to Originate from North America | Major Companies Like

Vendor Insights-

The cognac market report also offers information on several market vendors, including Beam Suntory Inc., Branded Spirits Ltd., Chateau de Cognac., Jas Hennessy and Co, A.C. MEUKOW and Co., Novovino Wine Co., Pernod Ricard SA, Pierre Lecat SAS, Remy Cointreau SAS, and Ths Bache Gabrielsen among others. Moreover, the market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

  • Beam Suntory Inc.- The company offers cognac under the name Courvoisie that has stood the test of time for more than 200 years by staying true to its code of dedication, respect and tradition.
  • Chateau de Cognac.- The company offers cognac made of baron ortad and also offer tour experiences.
  • Jas Hennessy and Co- The company offers cognac such as Hennessy VS, Hennessy VS gold, hennessy black, Hennessy classivm and others.

Find additional highlights on the vendors and their product offerings. Download
Sample Report

Regional Market Outlook

The cognac market is segmented by Geography (North America, APAC, Europe, South America, MEA). 44% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for cognac in North America. Market growth in this region will be slower than the growth of the market in APAC. The increasing popularity of online distribution channels and changing consumer demographics are the prime factors that will facilitate the cognac market growth in North America over the forecast period. 

For more key highlights on the regional market share of most of the above-mentioned
countries.
View Sample Report

Latest Drivers & Trends of the Market-

The launch of new products and varieties of cognac by various vendors has fetched a lot of consumer attention recently. In February 2019, Courvoisier announced the launch of Courvoisier Sherry Cask Finish for a limited time. This Sherry Cask blend was developed specifically for the US market. In June 2019, Hennessy unveiled the VSOP Privil ge campaign and launched its 2019 Very Special Limited Edition Release, designed by Argentine Spanish contemporary artist Felipe Pantone. All these product launches are driving the global cognac market.

  • Cognac Market Trend:
    • Preferred gifting options in various countries:

The Cognac is one of the most preferred gifting options in many countries. Gifting is a common phenomenon in countries like China, the US, and the UK on various occasions like Christmas, New Year, Thanksgiving, corporate events, and marriages. It is gifted to increase social recognition, give favors and build relationships. On the part of the giver, it brings a sense of high social status, modernity, social distinction, and self-expression and reflects gratitude toward the receiver. Manufacturers have released various cognac drinks specifically for gifting purposes. For instance, Martell launched the VSOP gift set in 2017 for the months of October-December. Each year cognac vendors try to come up with new products with differentiated packaging and designs to attract consumers

Find additional information about various other market Drivers & Trends available
with Technavio – Read Sample Report

Didn’t Find What You Were Looking For? Customize Report-

Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

Speak to our Analyst now! to take full advantage of every opportunity using
competitive analysis created just for you

Here are Some Similar Topics-

Pubs, Bars, and Nightclubs Market by Product and Geography – Forecast and Analysis 2022-2026: The pubs, bars, and nightclubs market share is expected to increase by USD 24.60 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.28%.  Furthermore, this report extensively covers pubs, bars, and nightclubs market segmentation by product (beverages and foods) and geography (Europe, APAC, North America, MEA, and South America). Find More Research Insights Here

Alcohol Beverages Market in the US by Product and Distribution Channel – Forecast and Analysis 2022-2026: The alcohol beverages market share in the US is expected to increase by USD 37.14 billion from 2021 to 2026and the market’s growth momentum will accelerate at a CAGR of 2.62%. The market in US report also offers information on several market vendors, including Anheuser Busch InBev SA, Boston Beer Co. Inc., and more. Find More Research Insights Here

Cognac Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.06%

Market growth 2021-2025

$ 303.59 million

Market structure

Fragmented

YoY growth (%)

1.34

Regional analysis

North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 44%

Key consumer countries

US, China, Singapore, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Beam Suntory Inc., Branded Spirits Ltd., Chateau de Cognac., Jas Hennessy and Co, A.C. MEUKOW and Co., Novovino Wine Co., Pernod Ricard SA, Pierre Lecat SAS, Remy Cointreau SAS, and Ths Bache Gabrielsen

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis – Brewers market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 15: Product – Market share 2020-2025 (%)
  • 5.2 Comparison by Product
    • Exhibit 16: Comparison by Product
  • 5.3 VS – Market size and forecast 2020-2025
    • Exhibit 17: VS – Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: VS – Year-over-year growth 2020-2025 (%)
  • 5.4 VSOP – Market size and forecast 2020-2025
    • Exhibit 19: VSOP – Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: VSOP – Year-over-year growth 2020-2025 (%)
  • 5.5 XO – Market size and forecast 2020-2025
    • Exhibit 21: XO – Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: XO – Year-over-year growth 2020-2025 (%)
  • 5.6 Market opportunity by Product
    • Exhibit 23: Market opportunity by Product

6 Market Segmentation by Distribution channel

  • 6.1 Market segments
    • Exhibit 24: Distribution channel – Market share 2020-2025 (%)
  • 6.2 Comparison by Distribution channel
    • Exhibit 25: Comparison by Distribution channel
  • 6.3 Off trade – Market size and forecast 2020-2025
    • Exhibit 26: Off trade – Market size and forecast 2020-2025 ($ million)
    • Exhibit 27: Off trade – Year-over-year growth 2020-2025 (%)
  • 6.4 On trade – Market size and forecast 2020-2025
    • Exhibit 28: On trade – Market size and forecast 2020-2025 ($ million)
    • Exhibit 29: On trade – Year-over-year growth 2020-2025 (%)
  • 6.5 Market opportunity by Distribution channel
    • Exhibit 30: Market opportunity by Distribution channel

7 Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 32: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison
    • Exhibit 33: Geographic comparison
  • 8.3 North America – Market size and forecast 2020-2025
    • Exhibit 34: North America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 35: North America – Year-over-year growth 2020-2025 (%)
  • 8.4 APAC – Market size and forecast 2020-2025
    • Exhibit 36: APAC – Market size and forecast 2020-2025 ($ million)
    • Exhibit 37: APAC – Year-over-year growth 2020-2025 (%)
  • 8.5 Europe – Market size and forecast 2020-2025
    • Exhibit 38: Europe – Market size and forecast 2020-2025 ($ million)
    • Exhibit 39: Europe – Year-over-year growth 2020-2025 (%)
  • 8.6 South America – Market size and forecast 2020-2025
    • Exhibit 40: South America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 41: South America – Year-over-year growth 2020-2025 (%)
  • 8.7 MEA – Market size and forecast 2020-2025
    • Exhibit 42: MEA – Market size and forecast 2020-2025 ($ million)
    • Exhibit 43: MEA – Year-over-year growth 2020-2025 (%)
  • 8.8 Key leading countries
    • Exhibit 44: Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 45: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.2 Market challenges
    • Exhibit 46: Impact of drivers and challenges

10 Vendor Landscape

  • 10.1 Vendor Landscape
    • Exhibit 47: Vendor landscape
  • 10.2 Landscape disruption
    • Exhibit 48: Landscape disruption
    • Exhibit 49: Industry risks
  • 10.3 Competitive landscape

11 Vendor Analysis

  • 11.2 Market positioning of vendors
    • Exhibit 51: Market positioning of vendors
  • 11.3 Beam Suntory Inc.
    • Exhibit 52: Beam Suntory Inc. – Overview
    • Exhibit 53: Beam Suntory Inc. – Product and service
    • Exhibit 54: Beam Suntory Inc.– Key news
    • Exhibit 55: Beam Suntory Inc. – Key offerings
  • 11.4 Branded Spirits Ltd.
    • Exhibit 56: Branded Spirits Ltd. – Overview
    • Exhibit 57: Branded Spirits Ltd. – Product and service
    • Exhibit 58: Branded Spirits Ltd. – Key offerings
  • 11.5 Chateau de Cognac.
    • Exhibit 59: Chateau de Cognac. – Overview
    • Exhibit 60: Chateau de Cognac. – Product and service
    • Exhibit 61: Chateau de Cognac. – Key offerings
  • 11.6 Jas Hennessy and Co
    • Exhibit 62: Jas Hennessy and Co – Overview
    • Exhibit 63: Jas Hennessy and Co – Product and service
    • Exhibit 64: Jas Hennessy and Co – Key offerings
  • 11.7 MEUKOW and Co.
    • Exhibit 65: MEUKOW and Co. – Overview
    • Exhibit 66: MEUKOW and Co. – Product and service
    • Exhibit 67: MEUKOW and Co. – Key offerings
  • 11.8 Novovino Wine Co.
    • Exhibit 68: Novovino Wine Co. – Overview
    • Exhibit 69: Novovino Wine Co. – Product and service
    • Exhibit 70: Novovino Wine Co. – Key offerings
  • 11.9 Pernod Ricard SA
    • Exhibit 71: Pernod Ricard SA – Overview
    • Exhibit 72: Pernod Ricard SA – Product and service
    • Exhibit 73: Pernod Ricard SA – Key news
    • Exhibit 74: Pernod Ricard SA – Key offerings
  • 11.10 Pierre Lecat SAS
    • Exhibit 75: Pierre Lecat SAS – Overview
    • Exhibit 76: Pierre Lecat SAS – Product and service
    • Exhibit 77: Pierre Lecat SAS – Key offerings
  • 11.11 Remy Cointreau SAS
    • Exhibit 78: Remy Cointreau SAS – Overview
    • Exhibit 79: Remy Cointreau SAS – Product and service
    • Exhibit 80: Remy Cointreau SAS – Key news
    • Exhibit 81: Remy Cointreau SAS – Key offerings
  • 11.12 Ths Bache Gabrielsen
    • Exhibit 82: Ths Bache Gabrielsen – Overview
    • Exhibit 83: Ths Bache Gabrielsen – Product and service
    • Exhibit 84: Ths Bache Gabrielsen – Key offerings

12 Appendix

  • 12.2 Currency conversion rates for US$
    • Exhibit 85: Currency conversion rates for US$
  • 12.3 Research methodology
    • Exhibit 86: Research Methodology
    • Exhibit 87: Validation techniques employed for market sizing
    • Exhibit 88: Information sources
  • 12.4 List of abbreviations
    • Exhibit 89: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

Leave a Comment