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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1121015

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PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1121015

Global Fortified Wine Market, By Product, By Distribution Channel, By Region Trend Analysis, Competitive Market Share & Forecast, 2018-2028

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Global Fortified Wine Market to Reach USD 27.35 Billion by 2028

Global Fortified Wine Market is flourishing owing to the health benefits and the premiumization of wine goods along with the technological developments and improvements in production, as well as flavor innovation reinforce the market.

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Global Fortified Wine Market was worth USD 12.73 billion in the year 2021. The market is projected to grow at a CAGR of 11.6%, earning revenues of around USD 27.35 billion by the end of 2028. The Global Fortified Wine Market is booming because of the premiumization of wine goods and their various health advantages. Additionally, in the approaching years, market growth is expected to be accelerated by technological development in production and flavor innovation. The demand for alcoholic beverages for various special occasions is increasing, which is helping the business thrive. Consumption of the product is seen as social recognition, which will fuel industry expansion throughout the projection period. Additionally, drinking fortified wine has several positive health effects. These are the primary market growth drivers. However, over the projected period, the market is anticipated to hinder growth due to rising taxes on wine in some countries and strict government rules and regulations.

Wine Brands' Increasing Expenditure on Product Marketing

The increased investment by notable companies in product marketing and promotion to improve customer awareness is predicted to significantly contribute to industry growth in the coming years. Various countries, particularly that outside of Europe, have a distorted opinion of fortified wines, and their flavor is seen as undesirable and unsuitable. Increased promotional measures to improve knowledge of the benefits of fortified wine and to make fortified wine an indispensable component of social events and fine dining are likely to aid market growth. As a result, the expanding educational marketing of fortified wine is expected to promote the growth of the fortified wine business.

Rising Premiumization Product Demand and the Development of New Flavors

Premiumization promotes the expansion of the fortified wine sector since premium fortified wines have a good and promising effect on customer perception. As the middle-class population grows, premiumization can be seen in a variety of settings. By generating a sense of status around fortified wine, premiumization stimulates its consumption. Given that consumers' perceptions of premium fortified wines are positive and enthusiastic, premiumization is projected to boost the market's rise. This will most likely boost the fortified market shortly. During the forecast period, all of these factors will drive the growth of the Global Fortified Wine Market (2022-2028).

Challenge: Fortified Wines Include a Lot of Sugar and Calories

Wine naturally contains more sugar than the majority of alcoholic beverages because it is derived from grapes. Many varieties of fortified wine have even more sugar because spirits are added to the wine during the fermentation process before the sugars are converted to alcohol. Some types are sweetened after fermentation, greatly increasing the sugar amount. Port wines, which are sweet dessert wines, have about 7 grams of sugar every 3-ounce (88-ml) cup. Consuming sugar has been related to several diseases, such as diabetes, obesity, liver issues, and heart disease. According to the Dietary Guidelines for Americans 2015-2020, added sugar should make up no more than 10% of daily calories, or roughly 50 grams, per person.

Segmental Coverage

Global Fortified Wine Market - By Distribution Channel

Based on distribution channel, the Global Fortified Wine Market is segmented into Pub, Bars & Restaurants, Internet Retailing, Liquor Stores, and Super Markets. Among these, the liquor stores segment holds the largest market share. The market is being driven by the rising number of liquor stores around the world. Numerous manufacturers are making their products available offline, which is promoting the segment's expansion. Additionally, category expansion is anticipated to be fueled by retailers' easy access to a variety of products. Liquor stores are projected to continue to be dominant during the predicted period due to better distribution channel networks worldwide. According to forecasts, the fortified wine market's internet retailing segment will expand the fastest, with a CAGR of 13.1% between 2022 and 2028. Due to the widespread usage of the internet, customers' interest in online shopping has grown significantly in recent years. Alcoholic beverage sales on various manufacturers' websites and e-commerce platforms will increase market demand.

Impact of COVID-19 on Global Fortified Wine Market

The COVID-19 pandemic-related lockdown hindered the production of fortified wine by interfering with transportation and briefly stopping the supply of raw ingredients. But in the years to come, increased health consciousness and encouragement of the consumption of fortified wine in the wake of the COVID-19 pandemic may lead to a considerable market growth rate. The market for fortified wine has been negatively impacted by the COVID-19 pandemic. All businesses were shut down because of the lockdown, which affected productivity. Around the world, almost all bars, eateries, pubs, and liquor stores were closed, which affected the volume and frequency of wine sales. The government did not list alcohol-containing products as essential.

Competitive Landscape

The leading market players in the Global Fortified Wine Market are 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, Taylor's Port, Albina & Hanna, and other prominent players. The Global Fortified Wine Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Global Fortified Wine Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Fortified Wine Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22316

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Global Fortified Wine Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Advancement/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. Global Fortified Wine Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Product
      • 5.2.1.1. Port Wine
      • 5.2.1.2. Vermouth
      • 5.2.1.3. Sherry
      • 5.2.1.4. Others
    • 5.2.2. By Distribution Channel
      • 5.2.2.1. Pub
      • 5.2.2.2. Bars & Restaurants
      • 5.2.2.3. Internet Retailing
      • 5.2.2.4. Liquor Stores
      • 5.2.2.5. Super Markets
    • 5.2.3. By Region
      • 5.2.3.1. North America
      • 5.2.3.2. Europe
      • 5.2.3.3. The Asia Pacific
      • 5.2.3.4. Latin America
      • 5.2.3.5. The Middle East and Africa

6. North America Fortified Wine Market

  • 6.1. Market Size & Forecast by Value, 2018-2028
    • 6.1.1. By Value (USD Million)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Product
    • 6.2.2. By Distribution Channel
    • 6.2.3. By Country
      • 6.2.3.1. United States
      • 6.2.3.2. Canada

7. Europe Fortified Wine Market

  • 7.1. Market Size & Forecast by Value, 2018-2028
    • 7.1.1. By Value (USD Million)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Product
    • 7.2.2. By Distribution Channel
    • 7.2.3. By Country
      • 7.2.3.1. Germany
      • 7.2.3.2. United Kingdom
      • 7.2.3.3. Italy
      • 7.2.3.4. France
      • 7.2.3.5. Spain
      • 7.2.3.6. The Netherlands
      • 7.2.3.7. Belgium
      • 7.2.3.8. NORDIC Countries
      • 7.2.3.9. Rest of Europe

8. The Asia Pacific Fortified Wine Market

  • 8.1. Market Size & Forecast by Value, 2018-2028
    • 8.1.1. By Value (USD Million)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Product
    • 8.2.2. By Distribution Channel
    • 8.2.3. By Country
      • 8.2.3.1. China
      • 8.2.3.2. India
      • 8.2.3.3. Japan
      • 8.2.3.4. South Korea
      • 8.2.3.5. Indonesia
      • 8.2.3.6. Philippines
      • 8.2.3.7. Singapore
      • 8.2.3.8. Australia
      • 8.2.3.9. Rest of Asia Pacific

9. Latin America Fortified Wine Market

  • 9.1. Market Size & Forecast by Value, 2018-2028
    • 9.1.1. By Value (USD Million)
  • 9.2. Market Share & Forecast
    • 9.2.1. By Product
    • 9.2.2. By Distribution Channel
    • 9.2.3. By Country
      • 9.2.3.1. Brazil
      • 9.2.3.2. Mexico
      • 9.2.3.3. Argentina
      • 9.2.3.4. Peru
      • 9.2.3.5. Columbia
      • 9.2.3.6. Rest of Latin America

10. The Middle East & Africa Fortified Wine Market

  • 10.1. Market Size & Forecast by Value, 2018-2028
    • 10.1.1. By Value (USD Million)
  • 10.2. Market Share & Forecast
    • 10.2.1. By Product
    • 10.2.2. By Distribution Channel
    • 10.2.3. By Country
      • 10.2.3.1. UAE
      • 10.2.3.2. South Africa
      • 10.2.3.3. Turkey
      • 10.2.3.4. Nigeria
      • 10.2.3.5. Rest of the Middle East & Africa

11. Competitive Landscape

  • 11.1. List of Key Players and Their Offerings
  • 11.2. Market Share Analysis, 2021
  • 11.3. Competitive Benchmarking, By Operating Parameters
  • 11.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)

12. Impact of Covid-19 on Global Fortified Wine Market

13. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 13.1. E. & J. Gallo Winery
  • 13.2. Constellation Brands Inc
  • 13.3. Treasury Wine Estates
  • 13.4. Trinchero Family Estates
  • 13.5. Deutsch Family Wine & Spirits
  • 13.6. The Wine Group
  • 13.7. Liberty Wines Limited
  • 13.8. Precept Wine LLC
  • 13.9. Michelle Wine Estate
  • 13.10. Backsberg
  • 13.11. Sogevinus Fine Wines SL
  • 13.12. Taylor's Port
  • 13.13. Albina & Hanna
  • 13.14. Other Prominent Players

14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

List Of Figures

  • Figure 1: Global Fortified Wine Market Segmentation
  • Figure 2: Global Fortified Wine Industry Value Chain Analysis
  • Figure 3: Global Fortified Wine Market Size, By Value (USD Million), 2018-2028
  • Figure 4: Global Fortified Wine Market Share (%), By Product, By Value, 2018-2028
  • Figure 5: Global Fortified Wine Market Share (%), By Distribution Channel, By Value, 2018-2028
  • Figure 6: Global Fortified Wine Market Share (%), By Region, By Value, 2018-2028
  • Figure 7: North America Fortified Wine Market Size, By Value (USD Million), 2018-2028
  • Figure 8: North America Fortified Wine Market Share (%), By Product, By Value, 2018-2028
  • Figure 9: North America Fortified Wine Market Share (%), By Distribution Channel, By Value, 2018-2028
  • Figure 10: North America Fortified Wine Market Share (%), By Country, By Value, 2018-2028
  • Figure 11: Europe Fortified Wine Market Size, By Value (USD Million), 2018-2028
  • Figure 12: Europe Fortified Wine Market Share (%), By Product, By Value, 2018-2028
  • Figure 13: Europe Fortified Wine Market Share (%), By Distribution Channel, By Value, 2018-2028
  • Figure 14: Europe Fortified Wine Market Share (%), By Country, By Value, 2018-2028
  • Figure 15: The Asia-Pacific Fortified Wine Market Size, By Value (USD Million), 2018-2028
  • Figure 16: The Asia-Pacific Fortified Wine Market Share (%), By Product, By Value, 2018-2028
  • Figure 17: The Asia-Pacific Fortified Wine Market Share (%), By Distribution Channel, By Value, 2018-2028
  • Figure 18: The Asia-Pacific Fortified Wine Market Share (%), By Country, By Value, 2018-2028
  • Figure 19: Latin America Fortified Wine Market Size, By Value (USD Million), 2018-2028
  • Figure 20: Latin America Fortified Wine Market Share (%), By Product, By Value, 2018-2028
  • Figure 21: Latin America Fortified Wine Market Share (%), By Distribution Channel, By Value, 2018-2028
  • Figure 22: Latin America Fortified Wine Market Share (%), By Country, By Value, 2018-2028
  • Figure 23: The Middle East & Africa Fortified Wine Market Size, By Value (USD Million), 2018-2028
  • Figure 24: The Middle East & Africa Fortified Wine Market Share (%), By Product, By Value, 2018-2028
  • Figure 25: The Middle East & Africa Fortified Wine Market Share (%), By Distribution Channel, By Value, 2018-2028
  • Figure 26: The Middle East & Africa Fortified Wine Market Share (%), By Country, By Value, 2018-2028
  • Figure 27: Global Fortified Wine Market Share Analysis, 2021

List Of Tables

  • Table 1: Global Fortified Wine Market Size, By Product, By Value (USD Million), 2018-2028
  • Table 2: Global Fortified Wine Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
  • Table 3: Global Fortified Wine Market Size, By Region, By Value (USD Million), 2018-2028
  • Table 4: North America Fortified Wine Market Size, By Product, By Value (USD Million), 2018-2028
  • Table 5: North America Fortified Wine Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
  • Table 6: 28 North America Fortified Wine Market Size (USD Million), By Country, By Value 2018-2028
  • Table 7: Europe Fortified Wine Market Size, By Product, By Value (USD Million), 2018-2028
  • Table 8: Europe Fortified Wine Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
  • Table 9: 40 Europe Fortified Wine Market Size (USD Million), By Country, By Value 2018-2028
  • Table 10: The Asia-Pacific Fortified Wine Market Size, By Product, By Value (USD Million), 2018-2028
  • Table 11: The Asia-Pacific Fortified Wine Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
  • Table 12: 52 The Asia-Pacific Fortified Wine Market Size (USD Million), By Country, By Value 2018-2028
  • Table 13: Latin America Fortified Wine Market Size, By Product, By Value (USD Million), 2018-2028
  • Table 14: Latin America Fortified Wine Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
  • Table 15: Latin America Fortified Wine Market Size (USD Million), By Country, By Value 2018-2028
  • Table 16: The Middle East & Africa Fortified Wine Market Size, By Product, By Value (USD Million), 2018-2028
  • Table 17: The Middle East & Africa Fortified Wine Market Size, By Distribution Channel, By Value (USD Million), 2018-2028
  • Table 18: The Middle East & Africa Fortified Wine Market Size (USD Million), By Country, By Value 2018-2028
  • Table 19: List of Key Players and Their Offerings
  • Table 20: Competitive Benchmarking, by Operating Parameters
  • Table 21 E. & J. Gallo Winery Company Overview
  • Table 22 E. & J. Gallo Winery Financial Overview
  • Table 23 Constellation Brands Inc Company Overview
  • Table 24 Constellation Brands Inc Financial Overview
  • Table 25 Treasury Wine Estates Company Overview
  • Table 26 Treasury Wine Estates Financial Overview
  • Table 27 Trinchero Family Estates Company Overview
  • Table 28 Trinchero Family Estates Financial Overview
  • Table 29 Deutsch Family Wine & Spirits Company Overview
  • Table 30 Deutsch Family Wine & Spirits Financial Overview
  • Table 31 The Wine Group Company Overview
  • Table 32 The Wine Group Financial Overview
  • Table 33 Liberty Wines Limited Company Overview
  • Table 34 Liberty Wines Limited Financial Overview
  • Table 35 Precept Wine LLC Company Overview
  • Table 36 Precept Wine LLC Financial Overview
  • Table 37 Michelle Wine Estate Company Overview
  • Table 38 Michelle Wine Estate Financial Overview
  • Table 39 Backsberg Company Overview
  • Table 40 Backsberg Financial Overview
  • Table 41 Sogevinus Fine Wines SL Company Overview
  • Table 42 Sogevinus Fine Wines SL Financial Overview
  • Table 43 Taylor's Port Company Overview
  • Table 44 Taylor's Port Financial Overview
  • Table 45 Albina & Hanna Company Overview
  • Table 46 Albina & Hanna Financial Overview
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