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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 (2018-2028); 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 2023-2028.
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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: Market 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 market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Type, Body, Distribution Channel, Region |
| Breakup by Nature | Dry Wine, Sweet Wine |
| Breakup by Type | Port, Sherry, Marsala, Madeira, Vermouth, Others |
| Breakup by Body | Light Bodied, Medium Bodied, Full Bodied |
| Breakup by Distribution Channel | Online, Offline |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Mazuran's Vineyards Limited, Curatolo Arini, Taylor's Port, Albina & Hanna, Sogevinus Fine Wines SL, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Fortified Wine Market Analysis
8.1 Key Industry Highlights
8.2 Global Fortified Wine Historical Market (2018-2022)
8.3 Global Fortified Wine Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Sweet Wine
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Fortified Wine Market by Type
8.5.1 Port
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Sherry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Marsala
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Madeira
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Vermouth
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Medium Bodied
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Full Bodied
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Offline
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Fortified Wine Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Fortified Wine Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Fortified Wine Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Fortified Wine Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Fortified Wine Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Fortified Wine Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Mazuran's Vineyards Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Curatolo Arini
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Taylor's Port
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Albina & Hanna
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Sogevinus Fine Wines SL
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
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 Key Figures and Tables
1. Global Fortified Wine Market: Key Industry Highlights, 2018 and 2028
2. Global Fortified Wine Historical Market: Breakup by Nature (USD Billion), 2018-2022
3. Global Fortified Wine Market Forecast: Breakup by Nature (USD Billion), 2023-2028
4. Global Fortified Wine Historical Market: Breakup by Type (USD Billion), 2018-2022
5. Global Fortified Wine Market Forecast: Breakup by Type (USD Billion), 2023-2028
6. Global Fortified Wine Historical Market: Breakup by Body (USD Billion), 2018-2022
7. Global Fortified Wine Market Forecast: Breakup by Body (USD Billion), 2023-2028
8. Global Fortified Wine Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
9. Global Fortified Wine Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
10. Global Fortified Wine Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Fortified Wine Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023-2028, 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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