The global market for fortified wine is expected to grow at a steady rate in the coming years. The market is driven by the growing demand for alcohol among the population and developing taste of population for various flavors of wine. Additionally, few health benefits come along fortified wine, for instance, the distilled spirits like brandy are used to clear sore throats. Additionally, legalization of marijuana in the US has led the manufacturers to produce marijuana infused wines, which is also contributing to the market growth. However, the taxes imposed by government on the consumption of alcohol can restrain the market growth across the globe.
The global fortified wine market is segmented based on type, distribution channel, nature, company and region. Based on nature, the fortified wine market can be segmented into dry and sweet. Dry wines are expected to hold the largest market share as they can be consumed easily by the diabetic people too due to the absence of sugar in them.
Based on region, Europe accounted for the largest market share in 2020. This is because fortified wines were started in Europe due to which it has pre-existing wine manufacturing companies, which cater to the pulsating preferences of the population.
Major players in the global fortified wine market include
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022–2026
Objective of the Study
- To analyze and forecast the market size of global fortified wine market.
- To classify and forecast global fortified wine market based on type, distribution channel, nature, company and region.
- To identify drivers and challenges for global fortified wine market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global fortified wine market.
- To conduct pricing analysis for global fortified wine market.
- To identify and analyze the profile of leading players operating in global fortified wine market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Wine manufacturers, suppliers, distributors and other stakeholders
- Liquor stores, supermarket/ hypermarkets
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to fortified wine
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
