The global demand for Fortified Wine Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Fortified Wine is a classification of wine to which any distilled spirit or alcohol like grape or brandy is added during or after fermentation to increase its alcohol content. The main reason behind wine fortification is to preserve it for a longer duration. This process dates back to many centuries and is done to keep the alcohol content of the wine below 20%. Similar to regular wine fortified wine possesses the same beneficial qualities as high in anti-oxidants, improves heart health and can help prevent many chronic conditions. Drinking in moderation is recommended since unlike regular wines, fortified wines can cause adverse health issues due to their high alcohol content, sugar content and calorie count.
The market for fortified wine is expected to grow steadily due to the emergent of the aspirational middle-class segment. Macro-economic factors like an increase in disposable income, demand for product innovations in terms of new flavour varieties, preference of exotic flavours, the growing trend of alcohol consumption especially in developing countries are set to fuel market growth. Wine is generally sought as a gift product and the growing trend of partying can boost the market growth. The major factor that can hinder market growth in a specific geographical is the image and knowledge about wine among the masses. The volatility in the price of raw materials can affect market growth as well.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of fortified win.
The entire Fortified Wine market has been sub-categorized into product type and distribution channel. the report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
By Distribution Channel
- Port Wine
This section covers regional segmentation which accentuates on current and future demand for fortified win market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Fortified Wine Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fortified wine market include Liberty Wines Limited, Backsberg, Sogevinus Fine Wines SL (Kopke), Taylor's Port, Albina & Hanna, Contratto, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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