As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global market for fortified wine is anticipated to grow at a moderate pace, owing to the growing acceptance of alcoholic beverages. The market is further bolstered by the robust economic growth in developing countries. The industry growth is also aided by the popularity of wine among millennials. The market is further accelerated by the rising population and rising demand from the food and beverage industry. The innovation in the wine industry, which led to the emerging of new and unique flavours is one of the major factors for the rising demand for fortified wine industry.
The fortified wine industry has witnessed a robust and sustained growth in areas such as North America and Europe, where wine variants are often either consumed alongside dinner or at the end of the meal. In the coming years, the emerging regions in the Asia Pacific are expected to contribute significantly to the market as the regions witness a higher demand for luxury products and as consumers become more conscious about the provenance and quality of the product.
Mazuran’s Vineyards Limited and Curatolo Arini, Taylor’s Port, among others, are some of the key market players for fortified wine globally. Companies are targeting the emerging middle class population, owing to their growing spendable income. The growing demand for new and unique flavours has led to growing innovations in flavours from the key players in order to meet the changing tastes and demand of the consumers. Such developments are expected to bolster the market growth. The expansion of the distribution channels like supermarkets like Walmart (NYSE: WMT) and e-commerce websites like Amazon.com is also bolstering the global market for fortified wine.
Market Breakup by Nature, Types, Body, Distribution Channel, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global fortified wine market are Mazuran's Vineyards Limited, Curatolo Arini, Taylor's Port, Albina & Hanna, and Sogevinus Fine Wines SL, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.