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Global Fortified Wine Market: By Nature: Dry Wine, Sweet Wine; By Type: Port, Sherry, Marsala, Madeira, Vermouth, Others; By Body: Light Bodied, Medium Bodied, Full Bodied; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments
Global Fortified Wine Market Outlook
The global fortified wine market is expected to grow at a CAGR of 3.8% in the forecast period of 2021-2026.
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The Asia Pacific to Provide Enhanced Growth Opportunities for the Fortified Wine Industry Expansion
Region-wise, the Asia Pacific is expected to witness a steady growth in the forecast period owing to the robust economic growth in the developing countries and growing acceptance of alcoholic beverages in the region. The presence of a large population and the growing popularity of the product, particularly among the millennials, are significantly aiding the regional industry growth. This is further supported by the expanding retail outlets and growing internet penetration in the region, which is allowing consumers to make independent choices. In Latin America, sherry is often used in cooking and also paired with food, which is expected to act as a major driver for the market. In developed regions like North America and Europe, the increased adoption of fortified wines as an end-of-meal drink is aiding the industry growth. In Europe, the fortified wine industry is already in the maturity phase, thereby the region is expected to register a stagnant growth in the forecast period.
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Fortified Wine: Industry Definition and Segmentation
Fortified wine refers to the wine that has been fortified with distilled spirits, usually brandy, to delay fermentation and prevent it from spoilage. These hefty wines are produced via the addition of a neutral grape spirit to a base wine to enhance the booze content and give it a longer shelf life. Apart from higher alcohol content, fortified wines are known for their unique flavour and aroma that sets it apart from regular varieties.
Based on nature, the market is bifurcated into:
- Dry Wine
- Sweet Wine
The various types of fortified wine available in the market include:
- Port
- Sherry
- Marsala
- Madeira
- Vermouth
- Others
On the basis of body, the industry can be segmented into:
- Light Bodied
- Medium Bodied
- Full Bodied
Based on distribution channel, the industry can be categorised into:
- Online
- Offline
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Investments in Product Marketing and Rising Brand Awareness to Boost the Demand for Fortified Wine
The growing acceptance of alcohol and the rising preference for wine among consumers, particularly in developing nations, are driving the growth of the fortified wine industry. This is supported by the expanding distribution channels and growing popularity of online retailing. The other factors like escalating consumer disposable incomes, rising living standards, growing demand for alcoholic beverages, and advancing food and beverages sector are further propelling the fortified wine industry growth.
The growing investments by the key players in product marketing and promotion to raise consumer awareness are expected to significantly contribute to the industry growth over the forecast period. In various countries, particularly the ones outside Europe, the image and knowledge about fortified wines are unclear and their taste is also regarded as poor and unacceptable. Thus, the growing educational marketing about fortified wine is expected to have a positive effect on the expansion of the global fortified wine industry.
Key Industry Players in the Global Fortified Wine Market
The report gives a detailed analysis of the following key players in the global fortified wine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mazuran's Vineyards Limited
- Curatolo Arini
- Taylor's Port
- Albina & Hanna
- Sogevinus Fine Wines SL
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Fortified Wine Market Analysis
8.1 Key Industry Highlights
8.2 Global Fortified Wine Historical Market (2016-2020)
8.3 Global Fortified Wine Market Forecast (2021-2026)
8.4 Global Fortified Wine Market by Nature
8.4.1 Dry Wine
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Sweet Wine
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Fortified Wine Market by Type
8.5.1 Port
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Sherry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Marsala
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Madeira
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Vermouth
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.5.6 Others
8.6 Global Fortified Wine Market by Body
8.6.1 Light Bodied
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Medium Bodied
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Full Bodied
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.7 Global Fortified Wine Market by Distribution Channel
8.7.1 Online
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Offline
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.8 Global Fortified Wine Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Mazuran's Vineyards Limited
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Curatolo Arini
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Taylor's Port
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Albina & Hanna
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Sogevinus Fine Wines SL
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Figures and Tables
1. Global Fortified Wine Market: Key Industry Highlights, 2016 and 2026
2. Global Fortified Wine Historical Market: Breakup by Nature (USD Billion), 2016-2020
3. Global Fortified Wine Market Forecast: Breakup by Nature (USD Billion), 2021-2026
4. Global Fortified Wine Historical Market: Breakup by Type (USD Billion), 2016-2020
5. Global Fortified Wine Market Forecast: Breakup by Type (USD Billion), 2021-2026
6. Global Fortified Wine Historical Market: Breakup by Body (USD Billion), 2016-2020
7. Global Fortified Wine Market Forecast: Breakup by Body (USD Billion), 2021-2026
8. Global Fortified Wine Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
9. Global Fortified Wine Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
10. Global Fortified Wine Historical Market: Breakup by Region (USD Billion), 2016-2020
11. Global Fortified Wine Market Forecast: Breakup by Region (USD Billion), 2021-2026
12. North America Fortified Wine Historical Market: Breakup by Country (USD Billion), 2016-2020
13. North America Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Europe Fortified Wine Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Europe Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Asia Pacific Fortified Wine Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Asia Pacific Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Latin America Fortified Wine Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Latin America Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Middle East and Africa Fortified Wine Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Middle East and Africa Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. Global Fortified Wine Market Structure
Key Questions Answered in the Report
The global fortified wine market is projected to grow at a CAGR of 3.8% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, increasing awareness, rising demand from the developing regions, increasing popularity among millennials, growing internet penetration, and expanding retail industry, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the growing focus on product marketing by the key payers.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading nature segments in the market are dry wine and sweet wine.
The major types of fortified wine in the industry are port, sherry, marsala, madeira, and vermouth, among others.
The significant body types in the market are light bodied, medium bodied, and full bodied.
The leading distribution channels in the industry are online and offline.
The major players in the industry are Mazuran's Vineyards Limited, Curatolo Arini, Taylor's Port, Albina & Hanna, and Sogevinus Fine Wines SL, among others.
Analyst Review
The global fortified wine market is being aided by the growing demand from the developing regions . Aided by the rising product marketing, the market is expected to witness a moderate growth in the forecast period of 2021-2026, growing at a CAGR of 3.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By nature, the market is divided into dry wine and sweet wine. Based on type, the industry is divided into port, sherry, marsala, madeira, and vermouth, among others. On the basis of body, the market is segmented into light bodied, medium bodied, and full bodied. By distribution channel, the industry is bifurcated into online and offline. The major regional markets for fortified wine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mazuran's Vineyards Limited, Curatolo Arini, Taylor's Port, Albina & Hanna, and Sogevinus Fine Wines SL, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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