BRANDY MARKET ANALYSIS
Market Dynamics:-
Increasing demand for alcoholic beverages among adults and young population worldwide is driving the global brandy market growth during the forecast period. According to The National Institute on Alcohol Abuse and Alcoholism (NIAAA), in the U.S., total alcohol consumption per person/year was pegged at 8.82 litters in 2017.
Furthermore, rising disposable income coupled with increasing consumption of alcohol is boosting growth of the global brandy market. According to Trading Economics Statistics on United States Disposable Personal Income, the disposable personal income in the U.S. averaged US$ 5,200.2 billion in 1959, which increased to US$ 15,742.81 billion in November 2018.
Market- Trends:
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