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Fortified Wine Market - Trends, Growth and Forecasts (2020 - 2025)

  • ID: 4514921
  • Report
  • April 2020
  • Region: Global
  • 100 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Albina & Hanna
  • Backsberg
  • Contratto
  • Liberty Wines Limited
  • Taylor's Port
  • MORE
Global fortified wine market is expected to register a CAGR of 5.01% during the forecast period, 2019 - 2024.

Fortified wines are the blends of grapes and various vintages, and the majority of the fortified wines are similar in their classification. The actual aging of the fortified wine depends upon the fortified wine itself and it is found that the cheaper the fortified wine lesser is the time it has taken aging in the oak.

The premiumization aspect of alcoholic drinks has also been significant and evident in the fortified wine industry. Companies are targeting the emerging and influential economic class of population, owing to their higher discretionary spending on such products.

Key Market Trends

Increasing Demand for Premiumization Products

The fortified wine market is increasingly driven by growing demand for product innovations in terms of new flavor varieties. The rapidly evolving tastes and preferences have led to the emergence of new and exotic flavors of fortified wine. In fact, after the legalization of marijuana in many states of the United States, many fortified wines are being launched infused with marijuana. Premiumization is also expected to further fuel the growth of the fortified wine market as consumer perception regarding the premium fortified wines is both positive as well as promising. The premiumisation associated with fortified wine is also evident in developing regions due to emergence of the aspirational middle class segment.

Asia-Pacific to Witness Fastest Growth in Global Fortified Wines Market

The European market of fortified wine has long achieved its maturation stage, and the key players are seeking radical innovation in terms of more exotic flavor profiles and packaging systems in order to retain the sustainable market share. Fortified wines are some of the fastest-growing varieties of alcoholic beverage in the United States market, as they offer customers with additional unique options and choices. Asia-Pacific is expected to grow faster than other regions in the foreseeable future, especially to the rising demands from countries, like Malaysia, India, and other Southeast Asian countries, where tourism and hospitality sectors are set to achieve exponential growth rates.

Competitive Landscape

The growing demand for new and unique flavors has led to intense innovation from the key players in order to meet the changing tastes and demand of the consumers. Some of the key players operating in fortified wine market include: Liberty Wines Limited, Backsberg, Taylor's Port, Albina & Hanna etc.

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  • The market estimate (ME) sheet in Excel format
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FEATURED COMPANIES

  • Albina & Hanna
  • Backsberg
  • Contratto
  • Liberty Wines Limited
  • Taylor's Port
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY
3.1 Market Overview

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Port wine
5.1.2 Vermouth
5.1.3 Sherry
5.1.4 Others
5.2 By Distribution Channel
5.2.1 On-Trade
5.2.2 Off-Tade
5.2.2.1 Supermarkets/Hypermarkets
5.2.2.2 Liquor Stores
5.2.2.3 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 UAE
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of MEA

6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Liberty Wines Limited
6.4.2 Backsberg
6.4.3 Sogevinus Fine Wines SL (Kopke)
6.4.4 Taylor's Port
6.4.5 Albina & Hanna
6.4.6 Contratto

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Liberty Wines Limited
  • Backsberg
  • Sogevinus Fine Wines SL (Kopke)
  • Taylor's Port
  • Albina & Hanna
  • Contratto
Note: Product cover images may vary from those shown
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