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The global fortified wine market is expected to grow at a CAGR of 3.80% in the forecast period of 2024-2032.
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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 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:
The various types of fortified wine available in the market include:
On the basis of body, the industry can be segmented into:
Based on distribution channel, the industry can be categorised into:
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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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.
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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Nature |
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Breakup by Type |
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Breakup by Body |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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 (2018-2023)
8.3 Global Fortified Wine Market Forecast (2024-2032)
8.4 Global Fortified Wine Market by Nature
8.4.1 Dry Wine
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Sweet Wine
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Fortified Wine Market by Type
8.5.1 Port
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Sherry
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Marsala
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Madeira
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Vermouth
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Fortified Wine Market by Body
8.6.1 Light Bodied
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Medium Bodied
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Full Bodied
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Fortified Wine Market by Distribution Channel
8.7.1 Online
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Offline
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Fortified Wine Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Fortified Wine Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fortified Wine Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fortified Wine Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fortified Wine Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fortified Wine Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Fortified Wine Historical Market: Breakup by Nature (USD Billion), 2018-2023
3. Global Fortified Wine Market Forecast: Breakup by Nature (USD Billion), 2024-2032
4. Global Fortified Wine Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Fortified Wine Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Fortified Wine Historical Market: Breakup by Body (USD Billion), 2018-2023
7. Global Fortified Wine Market Forecast: Breakup by Body (USD Billion), 2024-2032
8. Global Fortified Wine Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Fortified Wine Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Fortified Wine Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Fortified Wine Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Fortified Wine Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Fortified Wine Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Fortified Wine Market Structure
The global fortified wine market is projected to grow at a CAGR of 3.80% between 2024 and 2032.
The major market drivers include rising disposable incomes, the rising demand for fortified wine in developing regions, the increasing popularity of fortified wine among millennials, growing internet penetration, and expanding retail sector.
The key trends guiding the market growth include the growing acceptance of alcoholic beverages in the Asia Pacific region, the increasing adoption of fortified wine as an end-of-meal beverage, and the rising popularity of online retailing.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various segments based on nature of fortified wine include dry wine and sweet wine.
The major types of fortified wine in the market are port, sherry, marsala, madeira, and vermouth, among others.
The significant segments based on body considered in the market report include light bodied, medium bodied, and full bodied.
The leading distribution channels in the market are online and offline.
The major players in the market are Mazuran's Vineyards Limited, Curatolo Arini, Taylor's Port, Albina & Hanna, and Sogevinus Fine Wines SL, among others.
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 2024-2032, growing at a CAGR of 3.80%.
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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