Market Overview:
The global fortified wine market is expected to register a CAGR of 5.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for fortified wines from emerging markets and the growing popularity of these wines among millennials. Based on type, the global fortified wine market is segmented into vermouth, port wine, sherry, marsala wine, madeira wine and other types. Among these segments, vermouth held the dominant share in 2017 and is expected to maintain its lead during the forecast period as well. This can be attributed to its increasing demand from countries such as Italy and France due to their traditional use of vermouth in cocktails and food recipes. On basis of application, supermarkets & hypermarkets accounted for a major share of the global fortified wine market in 2017; however this segment is projected to witness a decline during the forecast period owing to saturation in developed markets such as North America and Europe coupled with rising preference for on-trade channels among consumers globally. On-trade channels are witnessing an increase in popularity due their ability provide an enhanced experience through better service offerings along with opportunities for socializing over drinks or food items ordered from menus at restaurants or bars etcetera . Specialist retailers are anticipated exhibit high growth rates throughoutthe forecast period owing increased demand form emerging markets including Latin America Asia Pacificand Middle East & Africa regions .
Product Definition:
A fortified wine is a wine to which a distilled spirit, such as brandy, has been added. Fortification takes place either before or after fermentation. The addition of alcohol increases the wine's potential for long-term storage and aging. It also can make up for deficiencies in the grape must or add flavor and complexity.
Vermouth:
Vermouth is a fortified wine, which is made from grapes than other conventional wines. Vermouth has low alcohol content and more of the spirituous ingredients like brandy, spirits and herbs.
Port Wine:
Port wine is a fortified wine produced from grapes that are allowed to develop their natural sugar (for about one to two weeks) before the process of fermentation takes place. The longer the grapes are allowed to macerate, the stronger will be port wines. Generally, it has 40-45% of Alcohol by Volume (ABV).
The color of port wines varies between a pale straw yellow and deep gold when fresh and gets darker with age.
Application Insights:
On-trade application accounted for the largest share of more than 70.0% in 2017. The fortified wines are widely consumed on account of their low price as compared to restaurants and other food outlets. On-trade application includes supermarkets and hypermarkets where consumers can purchase wine directly from the shelves without going through a retailer or an agent. Supermarkets and hypermarkets have a wide distribution network covering urban, semi-urban and rural areas which enables them to reach even the smallest towns easily allowing consumers to purchase wine with ease.
The Specialist Retailers segment is expected witness significant growth over the forecast period owing to growing demand for luxury goods among high income class population in developed economies such as U.S.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for more than 50% of the global share. The region is expected to maintain its dominance over the forecast period owing to high consumption of fortified wines, such as port and sherries, in countries like Spain, Italy, France and Russia. Asia Pacific is projected to be one of the fastest-growing regions with a CAGR exceeding 5% from 2018 to 2030 due to increasing demand for alcohol beverages among millennials & Generation Z (born between 1995 - 2000) along with rising disposable income levels in emerging economies including China & India. Furthermore Fortified Wine Market By Region North America held a significant share owing to growing product popularity among U.S based on-trade customers especially millennials coupled with strong brand presence of major manufacturers including Martini Rossi Wines Inc., D'Vino Italian Wines Pty Ltd.
Growth Factors:
- Increasing demand for fortified wine from the young population in developing countries.
- Rising disposable income of the consumers in developing countries is expected to boost the demand for fortified wine during the forecast period.
- The increasing popularity of cocktails and mixed drinks is projected to fuel the growth of fortified wine market during forecast period.
- Growing awareness about health benefits associated with consumption of fortified wines is anticipated to propel market growth over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Fortified Wine Market Research Report
By Type
Vermouth, Port Wine, Sherry, Marsala Wine, Madeira Wine, Other
By Application
Supermarkets and Hypermarkets, On-trade, Specialist Retailers, Retail Stores
By Companies
Vinbros, Indage Vintners Limited, Backsberg Estate Cellars, Albina & Hanna, Bacardi, E. & J. Gallo Winery, Gruppo Campari, The Wine Group, Atsby Vermouth, Contratto, Vinbros, Sogrape Vinhos, Symington, Sogevinus Fine Wines
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Fortified Wine Market Report Segments:
The global Fortified Wine market is segmented on the basis of:
Types
Vermouth, Port Wine, Sherry, Marsala Wine, Madeira Wine, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets and Hypermarkets, On-trade, Specialist Retailers, Retail Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vinbros
- Indage Vintners Limited
- Backsberg Estate Cellars
- Albina & Hanna
- Bacardi
- E. & J. Gallo Winery
- Gruppo Campari
- The Wine Group
- Atsby Vermouth
- Contratto
- Vinbros
- Sogrape Vinhos
- Symington
- Sogevinus Fine Wines
Highlights of The Fortified Wine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vermouth
- Port Wine
- Sherry
- Marsala Wine
- Madeira Wine
- Other
- By Application:
- Supermarkets and Hypermarkets
- On-trade
- Specialist Retailers
- Retail Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fortified Wine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fortified wine is a type of wine that has been fortified with additional alcohol, usually to increase its strength.
Some of the key players operating in the fortified wine market are Vinbros, Indage Vintners Limited, Backsberg Estate Cellars, Albina & Hanna, Bacardi, E. & J. Gallo Winery, Gruppo Campari, The Wine Group, Atsby Vermouth, Contratto, Vinbros, Sogrape Vinhos, Symington, Sogevinus Fine Wines.
The fortified wine market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fortified Wine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fortified Wine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fortified Wine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fortified Wine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fortified Wine Market Size & Forecast, 2020-2028
4.5.1 Fortified Wine Market Size and Y-o-Y Growth
4.5.2 Fortified Wine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vermouth
5.2.2 Port Wine
5.2.3 Sherry
5.2.4 Marsala Wine
5.2.5 Madeira Wine
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Supermarkets and Hypermarkets
6.2.2 On-trade
6.2.3 Specialist Retailers
6.2.4 Retail Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fortified Wine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fortified Wine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vermouth
9.6.2 Port Wine
9.6.3 Sherry
9.6.4 Marsala Wine
9.6.5 Madeira Wine
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Supermarkets and Hypermarkets
9.10.2 On-trade
9.10.3 Specialist Retailers
9.10.4 Retail Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vermouth
10.6.2 Port Wine
10.6.3 Sherry
10.6.4 Marsala Wine
10.6.5 Madeira Wine
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Supermarkets and Hypermarkets
10.10.2 On-trade
10.10.3 Specialist Retailers
10.10.4 Retail Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vermouth
11.6.2 Port Wine
11.6.3 Sherry
11.6.4 Marsala Wine
11.6.5 Madeira Wine
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Supermarkets and Hypermarkets
11.10.2 On-trade
11.10.3 Specialist Retailers
11.10.4 Retail Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vermouth
12.6.2 Port Wine
12.6.3 Sherry
12.6.4 Marsala Wine
12.6.5 Madeira Wine
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Supermarkets and Hypermarkets
12.10.2 On-trade
12.10.3 Specialist Retailers
12.10.4 Retail Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vermouth
13.6.2 Port Wine
13.6.3 Sherry
13.6.4 Marsala Wine
13.6.5 Madeira Wine
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Supermarkets and Hypermarkets
13.10.2 On-trade
13.10.3 Specialist Retailers
13.10.4 Retail Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fortified Wine Market: Competitive Dashboard
14.2 Global Fortified Wine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vinbros
14.3.2 Indage Vintners Limited
14.3.3 Backsberg Estate Cellars
14.3.4 Albina & Hanna
14.3.5 Bacardi
14.3.6 E. & J. Gallo Winery
14.3.7 Gruppo Campari
14.3.8 The Wine Group
14.3.9 Atsby Vermouth
14.3.10 Contratto
14.3.11 Vinbros
14.3.12 Sogrape Vinhos
14.3.13 Symington
14.3.14 Sogevinus Fine Wines
