• Reports

      Reports

      Stay ahead and make informed decisions with Delvens insightful analysis on key business and technological trends.

      How We Can help you
      • Healthcare
      • Automotive
      • Chemicals & Materials
      • Aerospace & Defense
      • Semiconductors & Electronics
      • Food & Beverages
      • Pharmaceutical
      • IT & Telecom
      • Energy
      • Consumer Goods & Services
  • Best Practice Guide

      Best Practice Guides

      The Delvens Best Practice Team offers practical tactics, procedures, and resources to help you address the major growth-related dos and don'ts.

      How We Can help you
      • Healthcare
      • Automotive
      • Chemicals & Materials
      • Aerospace & Defense
      • Semiconductors & Electronics
      • Food & Beverages
      • Pharmaceutical
      • IT & Telecom
      • Energy
      • Consumer Goods & Services
  • Expertise

      Expertise

      Delvens' decades of experience helps you to strategize, plan, optimize and win.

      See What we can do
      • Syndicated Research
      • Custom Research
      • Consulting
      • Implementation Support
      • Audio-Video Infographic Workshops
      • Subscription Model
      • Bundle Reports Model
      • Best Practice Guides
  • Innovation

      Innovation

      Gain thought-provoking insights on some of the biggest trends in the world to guide you in the phase of innovation.

      Let's Innovate

      Latest Chronicles

      Pharma Businesses

      Pharma businesses that are rewired will win in the digital era

      13th July 2023

      Featured Chronicle

      ESG

      Why ESG is more important than ever!

      4th November 2022
  • Innovation
  • Explore

      Explore

      From accelerating growth and providing strategic vision to the world's biggest brands, to lunch-break sneaker shopping on Melrose, and thirsty Thursdays at the local pubs. We have a Hustling atmosphere because growing together should be fun, or why do it?

      Let's Explore Something

      About

      • Who We Are
      • Why Choose Us
      • Research Methodology
      • Careers
      • Contact

      Help

      • Customer FAQs
      • How To Order
      • Delivery Method
      • Return Policy
      • Privacy Policy
      • Terms of Use
  • Newscast

      Blogs

      The Pros and Cons of Cloud Computing

      The Pros and Cons of Cloud Computing

      13th July 2023
      Let's Read

      Press Room

      Healthcare AI Innovation

      Healthcare AI innovation: a new era of patientcare

      13th July 2023
      Let's Understand

      Article

      Electric Vehicle Thermal Management System (EVTMS) Market

      19th May 2023
      Let's Study
  • Newscast
      • Blog
      • Article
      • Pressroom
Food & Beverages Icon

Fortified Wine Market – Trends Forecast Till 2030

Fortified Wine Market Size, Share & Trends Analysis Report by Product (Port Wine, Vermouth, Sherry), By Distribution Channel (Pub, Bars & Restaurants, Internet Retailing, Liquor Stores, Supermarkets) and By region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

  • Published Date : July 2023
  • Base Year Estimate : 2022
  • Report ID : D-FB-FWM-1432
  • Format :
  • Number of Pages : 467
  • Domain : Food & Beverages
  1. Food & Beverages
  2. Fortified Wine Market – Trends Forecast Till 2030
Buy Now Get Free Sample Now
REPORT SYNOPSIS
Market Snapshot Market Overview Delvens Industry Expert's Standpoint Market Portfolio Key Findings Regional Analysis Competitive Landscape Recent Developments Reasons to Acquire Report Scope
Table Of Content Frequently Asked Questions

Market Snapshot

Market Overview

The global Fortified Wine Market size is projected to reach a CAGR of 12.3% from 2023-2030.

Fortified wine is blended with various vintages and grapes. It is distilled with spirits like brandy to enhance its flavour and strength. Due to its high sweetness level, and tendency to be consumed after meals, it is often referred to as 'Dessert Wine'. This product has two main product variants, named dry wine and sweet wine, the production of which depends on the time addition of brandy. The cheaper the wine, the lesser time it has taken to distil with brandy. Also, fortified wine is widely consumed due to its nutritive properties.

The rising consumption and demand for alcoholic drinks in various special events are further supporting the industry's growth. The consumption of the product is considered social recognition, which in turn will drive the industry growth during the forecast timeline. In addition to this, various health benefits are associated with consumption of the fortified wine. These are the major driving factors for market growth. Moreover, the increasing investment in R&D by various manufacturers to produce innovative products of fortified wine across the globe is creating opportunities for the market over the upcoming years.

On the other hand, the increased taxation on wine in several nations and stringent government rules and regulations are hindering the growth of the market during the forecast period.

The COVID-19 outbreak has affected the wine market globally. The lockdown situation has shut all the industries due to which production is affected. All the bars, restaurants, pubs, and liquor stores, in almost all countries, have been shut, disrupting the sales volume and frequency of the wine. Alcohol products do not come under the list of essential items made by the government amid the Corona pandemic, which has given a massive blow to the sales of alcohol. Also, trade activities are at a halt, again affecting the supply of wine and other alcoholic beverages.

Delvens Industry Expert's Standpoint

The growth in the market is primarily driven by the rising demand for premium and luxury wines, increasing wine consumption across the globe, and growing demand for fortified wine in cocktails. Furthermore, the increase in online retailing and the extension of the supply network both drive this market. Along with these, there are growing consumer disposable incomes, enhanced standard of living, elevated consumption of alcoholic beverages, and enhanced food and beverage sectors. Moreover, the upgradation in manufacturing and innovation in flavour & taste are expected to grow the fortified wine market in the next years.

Market Portfolio

Key Findings

  • The product segment is further segmented into Port wine, Vermouth, Sherry and Others. The vermouth segment accounted for the largest market share during the forecast period and is anticipated to expand during the period 2023-2030. The increasing use of vermouth wine as an antiseptic and medicinal drug to treat cold and viral diseases is expected to drive market growth.
  • The distributional channel segment is further fragmented into Pub, Bars & Restaurants, Internet Retailing, Liquor Stores, Supermarkets and Others. The increasing number of liquor stores across the globe is driving the market. Various manufacturers are selling their products through offline channels, which is propelling the growth of the segment.
     
  • The market is also divided into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe has the largest contribution to the global fortified wine market, with over 50% in 2022. The growing consumption of wine in countries like Germany, France, Italy, Spain, and Portugal is expected to drive the market in this region.
     
  • The lockdown announced during the COVID-19 pandemic caused disruption in transportation and suspended the supply of raw materials for a certain time, and affected the manufacturing of fortified wine. However, the rising awareness about health and promotion of the use of fortified wine after the COVID-19 pandemic has projected to witness a healthy market growth rate in the upcoming years.

Regional Analysis

Europe to Dominate the Market

  • Europe has the largest contribution to the global fortified wine market, with over 50% in 2022. The growing consumption of wine in countries like Germany, France, Italy, Spain, and Portugal is expected to drive the market in this region.
     
  • In addition to this, the growing demand for flavoured wine has projected market growth during the forecast period.

 

Competitive Landscape

  • Bacardi Limited
  • Davide Campari-Milano S.p.A
  • The Wine Group
  • E&J Gallo Winery
  • Anchor Brewing Company
  • Atsby Vermouth
  • Gancia
  • Imbue
  • Symington Family Estates
  • Sogrape Vinhos, S.A.
  • McWilliam’s Wines Group Ltd
  • Bodegas Lustau
  • González Byass
  • Constellation Brands, Inc.
  • Treasury Wine Estate
  • Trinchero family Estates
  • Liberty Wines Ltd.
  • Precept Wine, LLC
  • Backsberg
  • Taylor’s Port