Global Fortified Wine Market 2024-2028
The fortified wine market is forecasted to grow by USD 4381.5 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the fortified wine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising consumption rate of wine consumption, increasing preference for premium wines, and growing demand for rare and collectible wines.
Technavio's fortified wine market is segmented as below:
By Product Type
By Distribution Channel
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the growing popularity of online wine auctions and sales platforms as one of the prime reasons driving the fortified wine market growth during the next few years. Also, increasing prominence of private-label brands and rising population of millennials worldwide will lead to sizable demand in the market.
The report on the fortified wine market covers the following areas:
- Fortified wine market sizing
- Fortified wine market forecast
- Fortified wine market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fortified wine market vendors that include Anchor Brewers and Distillers LLC, Bacardi Ltd., Campari Group, Contratto srl, DOWS Port, E. and J. Gallo Winery, Emilio Lustau S.A., Fonseca Port Wine, Fratelli Gancia and C. SpA, Mazurans Vineyards Ltd., Precept Wine, Ramos Pinto, Rhys and Rylee LLC, SOGEVINUS FINE WINES SA, Sogrape SGPS SA, Symington Family Estates Vinhos S.A., Taylors Port, The Great Wine Co., Vinbros and Co., and Vinimark Trading Pty Ltd.. Also, the fortified wine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.