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Fortified Wine Market 2023 Global Key Players, Industry Analysis, Potential Growth, Latest Trends 2032
Fortified Wine Global Market
The Business Research Company's Fortified Wine Global Market Report 2023 identifies rise in Product innovation as the major driver for the Fortified Wine market's growth in the forecast period. Major companies operating in the fortified wine sector are focused on developing new product innovation solutions to strengthen their position.
The global fortified wine market size grew from $18.81 billion in 2022 to $20.67 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size fortified wine market is expected to grow to $30.07 billion in 2027 at a CAGR of 9.8%.
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Major competitors in the Fortified Wine market are Liberty Wines Limited, Taylor's Port, Vinbros, Lombardo winery, Curatolo Arini, Davide Campari-Milano S.p.A., EMILIO HIDALGO SA.
A key trend in the Fortified Wine market includes Product innovation. Major companies operating in the fortified wine sector are focused on developing new product innovation solutions to strengthen their position.
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The Fortified Wine market is segmented -
1) By Product: Port Wine, Vermouth, Sherry, Other Products
2) By Distribution Channel: Online, Offline
3) By End Users/Applications: Supermarkets and Hypermarkets, On Trade, Specialist Retailers, Retail Stores
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Fortified Wine market.
The Business Research Company's "Global Fortified Wine Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fortified Wine Market Include:
1. Executive Summary
2. Fortified Wine Market Characteristics
3. Fortified Wine Market Trends And Strategies
4. Fortified Wine Market - Macro Economic Scenario
5. Fortified Wine Market Size And Growth
……
27. Fortified Wine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fortified Wine Market
29. Fortified Wine Market Future Outlook And Potential Analysis
30. Appendix
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