Global Fortified Wine Market is expected to reach ~USD 20 Bn by 2028F: Ken Research

Global Fortified Wine Market By Geography

The Global Fortified Wine market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Europe accounted for the largest share of the Global Fortified Wine Market in 2022 and will remain dominant in the forecast period (2022-2028).

The growth is primarily attributed to the fact that Europe is the world's leading producer of wine, with vermouth, the most prominent fortified wine, being produced primarily in Italy, followed by sherry wine in Spain and port wine in Portugal.

The increasing consumption of wine in countries like Germany, France, Italy, Spain, and Portugal is expected to drive the market in this region.

To learn more about this report Download a Free Sample Report: https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDg5

Competition Scenario In Global Fortified Wine Market

The Global Fortified Wine Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology to improve the product taste, texture, and oenological potential of vineyards. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Regional players control about ~55% of the market, while country-niche players hold a share of ~35%. Some of the major players in the market include E.&J. Gallo Winery, Constellation Brands, Inc., Treasury Wine Estates, Trinchero Family Estates, Deutsch Family Wine & Spirits, The Wine Group, Precept Wine, LLC, Backsberg, Grupo Sogevinus Fine Wines, Taylor's Port, and among others.

What is the Expected Future Outlook for the Overall Global Fortified Wine Market Across the globe?

The Global Fortified Wine market was valued at USD ~billion in 2022 and is anticipated to reach USD ~20 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Fortified Wine market is driven by increasing alcohol socialization among consumers along with the increasing adoption of European culture. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Fortified Wine market is changing rapidly. For instance, In April 2021, Constellation Brands launched a dedicated business unit for fine wine and craft spirits which includes the following spirit brands: High West Whiskey, Casa Noble Tequila, Mi Combo, Copper & Kings, Nelson's Green Brier Distillery, and the Real McCoy.

In January 2021, E&J Gallo announced that it had sold its two key fortified wine brands to Precept Wine, a US-based wine company.

The Global fortified Wines market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the increasing consumption of premium alcoholic drinks/beverages, including fortified wine is the rising living standards across countries, along with the increased social engagements, and adoption of western culture. Though the market is highly competitive with around ~150 participants, few country-niche players control the dominant share and regional players also hold a significant share.

Visit this Link: - Request for custom report: https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MDg5

Key Topics Covered in the Report

Snapshot of the Global Fortified Wine Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Fortified Wine Market
Historic Growth of the Overall Global Fortified Wine Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Fortified Wine Industry
Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
Covid-19 Impact on the Overall Global Fortified Wine Market
Future Market Forecast and Growth Rates of the Total Global Fortified Wine Market and by Segments
Market Size of Product Type, Distribution Channel, and Body Type Segments with Historical CAGR and Future Forecasts
Analysis of the Global Fortified Wine Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

E. & J. Gallo Winery
Constellation Brands, Inc.
Treasury Wine Estates
Trinchero Family Estates
Deutsch Family Wine & Spirits
The Wine Group
Precept Wine, LLC
Backsberg
Sogevinus Fine Wines
Taylor's Port

Request free 30 minutes analyst call: https://www.kenresearch.com/book-a-discovery-call.php?Frmdetails=NTk2MDg5

Notable Emerging Companies Mentioned in the Report

Bacardi Limited
McWilliam's Wines
Rhys & Rylee LLC
Campari-Milano N.V.
F.LLI Gancia & C. SpA Canelli
Anchor Brewing
Imbue Curls US.
Emilio Lustau S.A.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Feedstock Suppliers (Wine Grapes)
Supplier of Chemical Additives
Wine Branding and Marketing Companies
Wine Producing Companies
Vineyard Management Companies
National Wine Trade Federation
Wine International Association (WIA)
World Wine Trade Group
Specialty Wine Retailers Association (SWRA)
National Association of Wine Retailers
Wine Trade Association
American Association of Wine Economists
American Wine Society
Suppliers of Packaging Materials (Suppliers of Bottles, Corks)
Food Regulatory Authorities
Alcoholic Beverages Regulatory Authorities
Government Ministries and Departments of Alcoholic Beverages
Investment Banks and PE Firms Focused on Alcoholic Beverages Industry
Potential Entrants into Alcoholic Beverages Industry

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For More Insights On Market Intelligence, Refer To The Link Below: -

https://www.kenresearch.com/business-research/global-fortified-wine-market-outlook-2028/

India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.