Press release
Fortified Wine Market: Sustained Growth, Prominent Players, and Emerging Trends
Fortified Wine Market
What Is The Projected Market Size Of The Global Fortified Wine Market And Its Growth Rate?
The fortified wine market has witnessed strong growth recently and is projected to further increase over the years:
o The market size has grown from $20.1 billion in 2024 to $21.87 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%.
o It is expected to grow to $32.53 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%.
What Is Driving The Growth In The Fortified Wine Market?
The fortified wine market is driven by the growing global population that increases the demand for agricultural products like wine. For instance, the United Nations expects the world's population to increase to around 8.5 billion in 2030 and 9.7 billion in 2050, thus driving the fortified wine market growth.
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Who Are the Key Players Driving Fortified Wine Market Growth?
o Liberty Wines Limited
o Taylor Fladgate & Yeatman Vinhos S.A.
o Vinbros & company LLC.
o Lombardo S.p.A.
o Curatolo Arini S.r.l.
o Davide Campari-Milano S.p.A.
o Emilio Hidalgo S.A.
o Mazuran's Vineyards Limited
o Sogrape Vinhos S.A.
o Bacardi Limited
What Are The Key Trends In The Fortified Wine Market?
Key trends include:
o Growing interest in unique and artisanal wine styles
o Expansion of fortified wine pairing and tasting experiences
o Research and development in fortified wine varietals and blends
o Emergence of fortified wine cocktails and mixology
o Increasing consumer awareness of fortified wine health benefits
What Are The Segments Of The Global Fortified Wine Market?
The global fortified wine market is segmented by:
o Product: Port Wine, Vermouth, Sherry, Other Products
o Distribution Channel: Online, Offline
o End Users Or Applications: Supermarkets and Hypermarkets, On Trade, Specialist Retailers, Retail Stores
Which Region Leads The Fortified Wine Market?
North America will be the largest region in the fortified wine market in 2024. As Asia-Pacific is expected to be the fastest-growing region during the forecast period, the regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Fortified Wine Market Global Market Report?
- Market Size Analysis: Analyze the Fortified Wine Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fortified Wine Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fortified Wine Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fortified Wine Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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