Brandy Flavor Market Overview
According to the latest study, the market for brandy flavour is expected to rise at a CAGR of 5.2% in the forecasted years.
Brandy is a distillate created from fruit juices, wine, and mashes with an alcohol level of 30-60%. It’s aged for 3 to 20 years in oak barrels with added caramel colouring and tastes.
Brandy flavor moderate use can give many health benefits, including strengthening immunity, decreasing ageing, enhancing heart health, reducing cancer risk, and relieving cold and cough symptoms since it contains antibacterial, antioxidant, and polyphenolic chemicals.
Rising Premiunization Driving the Brandy Flavor Market
The growing popularity of premiumization in the food and beverage business, as well as the growing taste for gourmet cookery, is driving the brandy flavour market.
Growing demand for organic alternatives, as well as burgeoning food tourism and culinary services, are all contributing to market expansion. Natural flavours are increasingly being used in confectionery goods by confectionery manufacturers.
The evolution of the confectionery market has relied heavily on innovation which is helping the brandy flavour to grow exponentially in the forecasted period.
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Brandy flavor is widely preferred in developed nations like US because of its therapeutic properties, emerging nations following westernizations are also accepting brandy flavor in a positive way and is creating huge opportunities for the manufacturers in the regions.
The US and Canada Demand Outlook for Brandy Flavor Market
The US is one of the largest markets for brandy flavour globally. The high spending power of the US and Canada is projected to increase the sales growth of the brandy flavour market. Moreover, the strong presence of key companies in the region will benefit the market growth.
Europe Brandy Flavor Market outlook
In terms of sales, Europe holds a significant market share in the global brandy flavour market. The region caters for the highest consumption of brandy flavour, furthermore, the rise in demand for bakery & confectionery goods in the region is projected to increase in the growth of the market. During the assessment period 2021-2031, the market is expected to follow the historic pattern of boom and bust.
Who are the Key Manufacturers and Suppliers of Brandy Flavor
Some key manufacturers and supplier operating the business in the brandy flavour market globally include
- LorAnn Brandy
- Olive Nation
- Hobby Homebrew
- Silver Cloud Flavors
- American Oak Barrel
- Juicy Jay’s among others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.The report also maps the qualitative impact of various market factors on market segments and geographies.
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