Brandy is one of those luxuries in life that consumers will enjoy even in times of recession. Trend Hunter's Brandy Trend Report follows product development and marketing tactics for this popular spirit over the last year.
Million-dollar brandies still exist despite the uncertain economy. While many businesses tend to steer away from more expensive liquors during these situations, our research suggests that continuing to offer higher-end products allows companies to stand out from the competition. Our report is organized with 53 PRO trends that detail macro developments happening in the field of spirits, and also contains 489 micro trends that users can use to track the market. By looking at these examples, companies can understand their field and innovate products and campaigns depending on how others are attracting consumer attention.
Brandy Trend Report
Understand How This Spirit Influences Product Development
Trend Themes
1. Luxury Spirits - As consumers continue to enjoy luxuries during times of recession, there is an opportunity to innovate in the high-end spirits industry.
2. Differentiation Strategies - Offering higher-end products during uncertain economic times can help companies stand out from the competition.
3. Market Tracking - Analyzing macro and micro trends in the spirits industry can help companies understand the market and innovate accordingly.
Industry Implications
1. Spirits - There is an opportunity for companies in the spirits industry to innovate and differentiate with luxury products during times of recession.
2. Hospitality - The hospitality industry can stand out and attract consumers by offering high-end spirits as part of their product offerings.
3. Marketing - Marketing professionals in the spirits industry can use market tracking to create effective campaigns and product innovations based on consumer trends.