Precision Business Insights has published a report on the global fortified wine market, estimating its value at USD 16,700 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/fortified-wine-market
The Fortified Wine Market is a subset of the alcoholic beverage business that manufactures wines infused with distilled spirits, often brandy, to boost alcohol content and improve shelf stability. These wines, including Port, Sherry, Vermouth, Madeira, and Marsala, are well-known for their rich tastes, ability to age well, and flexibility in both culinary and cocktail applications.
Drivers:
- Consumers are gravitating toward high-quality, craft-style wines with authentic origins and storytelling—especially in Europe and North America.
- Online platforms are making boutique and specialty fortified wines more accessible, driving global demand.
The global fortified wine market segmentation:
1) By Product type: Sherry, Vermouth, Port, Others
2) By Distribution Channel: On-Trade, Off-Trade
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Regional Overview:
The report also examines the current concerns and their Future Effects on the fortified wine market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the fortified wine market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Treasury Wine Estates, Backsberg, Taylor’s Port, Albina & Hanna, Constellation Brands, Inc., Deutsch Family Wine & Spirits, E. & J. Gallo Winery, Liberty Wines Limited
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