Press release
Is the Global Wine Market Entering a Golden Era? SkyQuest Projects Booming Growth for Fortified and Still Wine Segments
Wine Market
Fortified Wine Market Set to Flourish with Innovative Flavors and Rising Global Demand
The demand for fortified wines is driven by the increasing consumption of alcoholic beverages globally. Furthermore, technological advancement and development in manufacturing, as well as flavor innovation, are propelling market expansion in the approaching years. The increasing consumption and demand for alcoholic beverages at various special events is also contributing to the industry's growth. Consumption of the product is regarded as social recognition, which will promote industry growth over the anticipated timeline. Furthermore, there are numerous health benefits related with the use of fortified wine.
Fortified Wine Market size was valued at USD 20.16 billion in 2023 and is poised to grow from USD 22.08 billion in 2024 to USD 45.63 billion by 2032, growing at a CAGR of 9.5% during the forecast period (2025-2032).
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Fortified Wine Market Segments Analysis:
Global Fortified Wine Market is segmented by Product Type, Nature, Body, Distribution Channel and region.
Based on Product Type, the market is segmented into Port Wine, Vermouth, Sherry, Marsala, Madeira and Others.
Based on Nature, the market is segmented into Dry Wine and Sweet Wine.
Based on Body, the market is segmented into Light Bodied, Medium Bodied and Full Bodied.
Based on Distribution Channel, the market is segmented into On-Trade and Off-Trade.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Top Players in Fortified Wine Market:
E. & J. Gallo Winery (USA)
Constellation Brands, Inc. (USA)
The Wine Group (USA)
Treasury Wine Estates (Australia)
Pernod Ricard (France)
Bacardi Limited (Bermuda)
Davide Campari-Milano N.V. (Italy)
Sogevinus Fine Wines SL (Portugal)
Symington Family Estates (Portugal)
Taylor's Port (Portugal)
Sandeman (Portugal)
Graham's (Portugal)
Warre's (Portugal)
Fonseca (Portugal)
Curatolo Arini (Italy)
Mazuran's Vineyards Limited (New Zealand)
Albina & Hanna (USA)
Global Fortified Wine Market Recent Developments:
In March 2024, The Fladgate Partnership made headlines with its acquisition of vineyards and a tourism business, marking a significant expansion of its growing still-wine portfolio. Based in Porto, Fladgate successfully acquired Quinta do Portal, renowned for its expertise in producing DOC Douro wines.
In March 2024, in celebration of International Women's Day, French wine brand Bijou revealed a partnership with the Women in Wine Expo. This collaboration entails Bijou and the Women in Wine Expo jointly sponsoring five Portuguese women actively involved in the wine industry to attend the event's grand finale on Friday, May 10, 2024. Through this sponsorship, the recipients will have the chance to engage in wine tastings, attend conferences, and participate in networking sessions.
In March 2024, Duty Free Global (DFG), a company specializing in brand partnerships for wines and spirits in global travel retail, announced a strategic agreement with The Fladgate Partnership, Portugal's leading Port manufacturer, to collaborate in the global travel retail (GTR) sector.
For full access to the market intelligence reports, visit: https://www.skyquestt.com/report/fortified-wine-market
Still Wine Market Experiencing Steady Growth Amid Changing Consumer Preferences
Urban consumers' growing preference for unusual wines and the increase in demand for alcoholic beverages are the two main drivers of market expansion. Other significant elements that influence the market growth include changing and evolving lifestyles, increased e-commerce platform penetration, particularly in developing nations, rising public awareness of the advantages of wine consumption, and an increase in the number of eateries, lounges, and entertainment venues. Growing consumer desire for alcohol-based beverages with fewer calories, rapid advancements in packaging technology, and a global trend towards premium wine products will all contribute to market value growth.
Still Wine Market size was valued at USD 492.3 billion in 2023 and is poised to grow from USD 519.87 billion in 2024 to USD 803.91 billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
Still Wine Market Segments Analysis:
Global Still Wine Market is segmented by Product Type, Wine Quality, Packaging Type, Distribution Channel, End User and region.
Based on Product Type, the market is segmented into Red Wine, White Wine, Rosé Wine and Sparkling Wine.
Based on Wine Quality, the market is segmented into Table Wine, Fine Wine and Super Premium Wine.
Based on Packaging Type, the market is segmented into Bottle, Bag-in-Box and Tetra Pak.
Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores and Online Retail.
Based on End User, the market is segmented into Young Adults, Middle-aged Adults and Seniors.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Top Players in Still Wine Market:
E. & J. Gallo Winery (United States)
The Wine Group LLC (United States)
Bronco Wine Company (United States)
Constellation Brands Inc. (United States)
Treasury Wine Estates (Australia)
Pernod Ricard Winemakers (France)
Viña Concha y Toro (Chile)
Grupo Peñaflor (Argentina)
Caviro (Italy)
Castel Frères (France)
Accolade Wines (Australia)
Viña San Pedro Tarapacá (Chile)
Kendall-Jackson Vineyard Estates (United States)
Antinori (Italy)
Torres (Spain)
Fetzer Vineyards (United States)
Recent Developments:
In January 2022, Australian Beer, a Coca-Cola Europacific Partners subsidiary, was purchased by Casella. The corporation wanted to broaden and improve its portfolio of beer and cider offerings, so it made this transaction.
In September 2021, The Torre family found the most recent vintage of their Antologa Miguel wine collection. The trademark beverage embodies the vinery's dedication to sustainable practices and regenerative viticulture as a means of addressing climate change.
In July 2021, A series of wines dubbed "The Language of Yes" has been released, according to the E. & J. Gallo Winery Group, a leader in the world's liquor and beverages business, and Randall Grahm, a legendary winemaker and visionary. The new line takes its cues from Southern France's long history of winemaking.
For full access to the market intelligence reports, visit: https://www.skyquestt.com/report/still-wine-market
A Promising Future for Wine Producers and Investors
SkyQuest's detailed analysis of these markets underscores a robust outlook for stakeholders across the value chain-from vineyards and bottlers to retailers and exporters. With innovation, sustainability, and digital marketing leading the way, the fortified and still wine industries are set to savor continued success in the years ahead.
Contact Us:
SkyQuest Technology
1 Apache Way, Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
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