openPR Logo
Press release

Fortified Wine Market Insights, Trends & Future Development Status Recorded during 2017 to 2022 | Major Players - Davide Campari-Milano S.p.A., The Wine Group LLC, Sogevinus Fine Wines, S.A., F.LLI GANCIA

02-22-2019 12:58 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Fortified Wine Market Insights, Trends & Future Development

According to a new report by Fact.MR, the global fortified wine market is projected to register a low single-digit CAGR during the forecast period 2017 to 2022. Majority of people believe premium products to contain high-quality ingredients. Product premiumization is therefore considered as a major strategy adopted by market players in order to fuel adoption of fortified wine worldwide. Revenues from global sales of fortified wine are estimated to account for approximately US$ 2,000 Mn by 2022-end.

Get Sample of this research report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=163

Product premiumization is considered to be a major factor driving demand for fortified wine around the world. Majority of the consumers believe that premium products comprise high-quality ingredients. There has been an uptake in demand for new flavors in fortified wine over the past few years. Leading players in the global fortified wine market are focusing on launching new fortified wine flavors, in a bid to cater the rapidly changing preferences of customers. For example – McWilliam’s launched three new flavored fortified wines in 2016 viz. McWilliam’s Espresso Press, McWilliam’s Spice Royale, and McWilliam’s Strawberry Delight. Fortified wines infused with marijuana are gaining prevalence among consumers, especially in the U.S. where the product is legal. Alcoholic beverage industries have been focusing on research & development, which in turn has resulted into introduction of various innovative flavored fortified wines.

However, a large number of people are actively participating in campaigns, in order to spread awareness about adverse health effects of alcohol consumption. In addition, excessive consumption of these wines have resulted into numerous negative health effects. Higher consumption of fortified wines by consumers have led to a rise in risks of diseases such as liver disease, heart disease, and certain cancers. These factor is expected to impede demand for fortified wines on a large scale in the upcoming years.

Europe to Remain Most Lucrative Region for Fortified Wine Market

Europe will continue to be the most lucrative region for the fortified wine market, in terms of revenues. However, sales of fortified wine in Asia-Pacific excluding Japan (APEJ) are estimated to register a comparatively faster expansion than all the regional segments through 2022.

Marsala is anticipated to retain its position as the top-selling product in the global fortified wine market. Over one-fourth share of the market is expected to be accounted by revenues from sales of Marsala across the globe during 2017 to 2022. In addition, Madeira will continue to be the second most lucrative fortified wine over the forecast period, in terms of revenues.

Browse More Information about this Report @ https://www.factmr.com/report/163/fortified-wine-market

Modern Trade will Continue to be Largest Sales Channel for Fortified Wine

Accounting for over one-third revenue share of the global market, modern trade will continue to be the largest sales channel for fortified wine worldwide. However, sales of fortified wine in e-commerce sales channel is expected to register the highest CAGR through 2022.

Fortified wine for light-bodied individuals is expected to hold the largest share of the market in terms of revenues, with sales projected to expand at 3% CAGR through 2022. Based on sweetness-level, although sales of semi-sweet fortified wine are expected to be sluggish through 2022, revenues from semi-sweet fortified wine will account for the largest market share over the forecast period.

Competition Tracking

Key players listed in Fact.MR’s report on the global fortified wine market include Bacardi Limited, E. & J. Gallo Winery, Davide Campari-Milano S.p.A., The Wine Group LLC, Sogevinus Fine Wines, S.A., F.LLI GANCIA & C. S.p.A, and Sogrape SGPS, SA.

Make an Enquiry before buying this report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=163

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us            
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fortified Wine Market Insights, Trends & Future Development Status Recorded during 2017 to 2022 | Major Players - Davide Campari-Milano S.p.A., The Wine Group LLC, Sogevinus Fine Wines, S.A., F.LLI GANCIA here

News-ID: 1610276 • Views: 373

More Releases from Fact.MR

Uncaria Tomentosa Market 2021, COVID-19 Impact on Leading Vendors: Now Foods, Na …
The New Report "Uncaria Tomentosa Market" published by Fact.MR, covers the competitive landscape analysis and its growth prospects over the coming years. An in-depth study of some new and prominent industry trends, analysis of engagement, and regional analysis that is very detailed have been included in the report of the Uncaria Tomentosa market for the analysis period of 2021 – 2031. Get In-depth Insights Request for Sample here: https://www.factmr.com/connectus/sample?flag=B&rep_id=2073 Through the
Tangerine Extract Market Development, Market Trends, Key Driven Factors, Segment …
The New Report "Tangerine Extract Market" published by Fact.MR, covers the competitive landscape analysis and its growth prospects over the coming years. An in-depth study of some new and prominent industry trends, analysis of engagement, and regional analysis that is very detailed have been included in the report of the Tangerine Extract market for the analysis period of 2021 – 2031. Get In-depth Insights Request for Sample here: https://www.factmr.com/connectus/sample?flag=B&rep_id=2057 Through the
Vanilla Extract Market Analysis Along With Research Report 2021 to 2031 | McCorm …
The New Report "Vanilla Extract Market" published by Fact.MR, covers the competitive landscape analysis and its growth prospects over the coming years. An in-depth study of some new and prominent industry trends, analysis of engagement, and regional analysis that is very detailed have been included in the report of the Vanilla Extract market for the analysis period of 2021 – 2031. Get In-depth Insights Request for Sample here: https://www.factmr.com/connectus/sample?flag=B&rep_id=2053 Through the
Find Out why Thyme extract Market is thriving worldwide by top key players like: …
The New Report "Thyme extract Market" published by Fact.MR, covers the competitive landscape analysis and its growth prospects over the coming years. An in-depth study of some new and prominent industry trends, analysis of engagement, and regional analysis that is very detailed have been included in the report of the Thyme extract market for the analysis period of 2021 – 2031. Get In-depth Insights Request for Sample here: https://www.factmr.com/connectus/sample?flag=B&rep_id=2052 Through the

All 5 Releases


More Releases for Wine

Wine in Brazil
Latest Report on Wine in Brazil Similar to other alcoholic drinks, wine saw a total volume decline in 2016, with sales falling by 3%. Although this decline was slower than that seen in the previous year, of 4%, it is clear that the negative economic situation continued to affect consumers’ demand for wine. Since it is perceived by many as a non-essential product, other products and types of alcoholic drinks seemed
Matua Barbeque Wine Dinner
Life is way too short to drink a bad wine, and waste a great food. And to make it even more perfect, pair your great foods with great wine! Join us for an incredible and unforgettable taste sensation with one of our Wine Dinner experiences, MATUA Barbeque Wine Dinner with Chef Severin. Enjoy an evening of award winning cuisine. Our menu is designed to offer a selection of dishes from around
Wine Price Records at WineBid Wine Auctions
WineBid wine auctions, final wine trading days More then 60 All Time High Wine Prices were listed: The wine auction days WineBid 2016-03-22 invites interested wine merchants, wine lovers and wine investors. 2757 different lots were saved at Wine-Stocks databases. Wine trading volume more than 4000 wine bottles. The average value of a wine bottle of a sold wine bottle was $ 105. Top 10 Wine Price Records Chateau Latour 2002 3000ml $ 1638 (+)
Re-Wine: Wine Bottle Lamp
MINIWIZ is a Taiwanese firm that is a globally recognized innovator dedicated to eco-solutions through practicing the 3Rs – Reduce, Reuse and Recycle. At Miniwiz, we synergize expertise in design, engineering and manufacturing to deliver innovative solutions by applying existing and future green technology. Our theory of change is that businesses with a focus on sustainability could create positive impact on both social and economic level. Miniwiz had already made a
The Bar & Wine Show
The 12th edition of the Bar and Wine Show will be held on 28th and 29th June 2011, at the Jacob Javits Convention Center in New York. The show is one of the best of its kinds. The Bar and Wine Show will be organized by the RDP Group. As New York has a huge concentration of bars, clubs and restaurants in the world. Therefore, the success of the show
Bread, Salt, Wine...
Bread, Salt, Wine... Greater Boston Chef Partners with Wine Groups for Ongoing Series ( GREATER BOSTON, MA) –Chef Antonio Bettencourt of 62 Restaurant & Wine Bar located in Salem, Massachusetts, has partnered with several wine organizations to launch his new ongoing Wednesday night series called “Bread, Salt, Wine.” Based on the traditional Judeo–Christian blessing and offering brought to a new home, and in an effort to take some of the mystery out