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Report Releases Trends on the Global Brandy Market

By June 24, 2016Top News

Glasses of brandy in cellar with old barrelsThe Global Brandy Market is expected to exceed $63 billion by year 2020, reports Technavio in a recent study. The top four trends the report outlines for steady global growth are rising innovation in process and product, strategic acquisitions in the industry, consumption shift to brandy and cognac cocktail trends. “The market has grown steadily due to strong demand in emerging countries such as India and the Philippines, where more young consumers are being added to the consumer base,” said Vijay Sarathi, lead analyst at Technavio for alcohol beverage research.

 

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