PUBLISHER: Value Market Research | PRODUCT CODE: 1548061
PUBLISHER: Value Market Research | PRODUCT CODE: 1548061
The global demand for Fortified Wine Market is presumed to reach the market size of nearly USD 71.61 Billion by 2032 from USD 23.02 Billion in 2023 with a CAGR of 13.44% under the study period 2024-2032.
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 research 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 an inclusive assessment of each segment in the global market of Fortified Wine. The growth and trends of Fortified Wine industry provide a holistic approach to this study.
This section of the Fortified Wine market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Fortified Wine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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 E. & J. Gallo Winery, Constellation Brands Inc., Treasury Wine Estates, Trinchero Family Estates, Deutsch Family Wine & Spirits, The Wine Group, Liberty Wines Limited, Precept Wine LLC, Michelle Wine Estate, Backsberg, Sogevinus Fine Wines SL (Kopke), Taylor'S Port, Albina & Hanna. This section consists of 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.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.