Fortified Wine Market Size - By Product Type, Distribution Channels, Growth Prospects, Regional Outlook & Global Forecast, 2023

Description

List of Tables

The global fortified wine market is expected to register a 10.3% CAGR during 2023-2032 propelled by evolving consumer taste & preferences, rising demand for premium beverages, and adoption of innovative practices.

According to an article by Curiosity at Work in 2023, 75% of adults regularly enjoy wine, with 44% consuming at least a couple of glasses weekly. This routine is particularly notable among adults aged 60 and above (53%) and those between 30 and 44 (51%). As consumers seek unique and sophisticated drinking experiences, fortified wines are gaining traction as they offer a rich tapestry of flavors, ranging from sweet to dry. The continuous innovations by winemakers, introducing new blends and styles is further propelling industry growth.

The fortified wine market is classified based on product type, distribution channel, and region.

The Sherry product segment is anticipated to witness sustained growth during the study period, driven by its versatility and unique production methods. Whether enjoyed on its own or as a key ingredient in cocktails and culinary creations, Sherry's diverse profiles, including Fino, Manzanilla, and Oloroso, contribute to the product appeal in the hospitality sector as well as among the consumers.

The liquor stores as distribution channel segment is anticipated to grow at a substantial pace through 2032 as they serve as key touchpoints for consumers to explore a diverse range of fortified wines. These stores curate a diverse and well-selected range of fortified wines, offering consumers a variety of choices. The better accessibility as well as extensive choice range in liquor stores will bolster the sales of fortified wines.

Asia Pacific fortified wine industry is poised for a steady growth during 2023 and 2032, attributed to the expanding middle class, increasing disposable income, and a growing appreciation for diverse alcoholic beverages. Moreover, countries like China, Japan, and South Korea are witnessing a surge in popularity for fortified wine consumption. This shift is driven by cultural influences and a growing curiosity for premium offerings. The large population with a potential of huge consumer base is encouraging the winemakers to explore the opportunities in the region and boost industry growth.

Product Code: 7520

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Fortified Wine industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Product type trends
2.4 Distribution channels trends
2.5 Regional trends

Chapter 3 Fortified Wine Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
- 3.3.1 By Product type
- 3.3.2 By End-user applications
- 3.3.3 By Distribution channels
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Reimbursement scenario
3.8 Technology landscape
3.9 Future market trends
3.10 GAP analysis
3.11 Porter's analysis
3.12 PESTEL analysis
3.13 Impact of Russia-Ukraine war

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Fortified Wine market Size and Forecast, By Product Type 2018 - 2032

5.1 Port wine
5.2 Sherry
5.3 Vermouth
5.4 Marsala
5.5 Madeira
5.6 Others

Chapter 6 Fortified Wine market Size and Forecast, By Distribution Channels 2018 - 2032

6.1 Pub, Bars & Restaurants
6.2 Internet Retailing
6.3 Liquor Stores
6.4 Supermarkets
6.5 Others

Chapter 7 Fortified Wine market Size and Forecast, By Region 2018 - 2032

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Spain
- 7.3.5 Italy
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 Japan
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 South Korea
- 7.4.6 Indonesia
- 7.4.7 Malaysia
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
7.6 MEA
- 7.6.1 South Africa
- 7.6.2 Saudi Arabia
- 7.6.3 UAE
- 7.6.4 Egypt

Chapter 8 Company Profiles

8.1 E. & J. Gallo Winery
8.2 Constellation Brands, Inc.
8.3 Treasury Wine Estates
8.4 Grupo Sogevinus Fine Wines
8.5 Trinchero Family Estates
8.6 Deutsch Family Wine & Spirits
8.7 The Wine Group
8.8 Pedro Domecq Sherry
8.9 Liberty Wines Limited
8.10 Precept Wine, LLC
8.11 Michelle Wine Estate
8.12 Backsberg
8.13 Croft Port
8.14 Taylor's Port
8.15 Albina & Hanna