The Latin America, Middle East and Africa Fortified Wine Market would witness market growth of 13.8% CAGR during the forecast period (2022-2028).
The trend of increasing alcohol use increases the demand for fortified wines. Due to the production of grapes, its demand is frequently affected by seasonal variations. Similarly, the cost of grapes has an impact on the cost of fortified wines. Changes in people's lifestyles, more personal disposable income, consumer knowledge, product diversity, and a high unique selling proposition all contribute to the global fortified wine market's expansion.
The fortified wine market has several opportunities that it can seize, including increased awareness of fortified wines, increased research and development to produce unique fortified wine varieties, and increased demand for premiumization products. Along with these factors, the internet market for fortified wine sales has the potential to boost demand. Implementing various sales methods, such as offering discounts, is another approach through which wine companies can boost the fortified wine market's growth.
The most common type of fortified wine from South Africa is usually called Cape Port, and it has been popular since the early 18th century. These port-style wines can be made from Portuguese grapes such as Touriga Nacional and Tinta Barroca, as well as other grapes such as Shiraz or Pinotage. To stop fermentation before it is finished, a grape-based distilled liquor, usually brandy, is added to the wine. It keeps part of the wine's residual sugar while increasing the alcohol percentage to 16.5 to 22%. There were no uniform criteria for the various styles of wine prior to the creation of the South African Port Producers' Association (now known as the Cape Port Producers' Association) in 1992. Consumers were left uncertain what to expect from any particular bottle because each producer had their own perspective.
The organization established style guidelines to assist manufacturers in defining their choices and customers in identifying their preferred styles. Other fortified wines from South Africa include jerepigo (or jerepiko) and Muscadel. Jerepigo is a liqueur that can be prepared from any type of grape. Prior to fermentation, brandy is added to the must, resulting in full-bodied, sweet wines with residual sugar levels of at least 160 g/L. Despite the high alcohol levels, the wines have fresh, unfermented grape tastes.
The Brazil market dominated the LAMEA Fortified Wine Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $682.8 million by 2028. The Argentina market is estimated to grow at a CAGR of 14.4% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 12.2% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Liquor Stores, Internet Retailing, Supermarkets, Pub, Bars & Restaurants, and Others. Based on Product, the market is segmented into Vermouth, Sherry, Port Wine, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Fortified Wine Market is Predict to reach $27.3 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bacardi Limited, Campari Group, The Wine Group, E. & J. Gallo Winery, Anchor Brewing Company, Rhys & Rylee LLC (Atsby Vermouth), Symington Family Estates , Sogrape Vinhos, S.A., McWilliam's Wines Group Ltd.
By Distribution Channel
- Liquor Stores
- Internet Retailing
- Supermarkets
- Pub, Bars & Restaurants
- Others
By Product
- Vermouth
- Sherry
- Port Wine
- Others
By Country
- Brazil
- Argentina
- UAE
- Egypt
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Bacardi Limited
- Campari Group
- The Wine Group
- E. & J. Gallo Winery
- Anchor Brewing Company
- Rhys & Rylee LLC (Atsby Vermouth)
- Symington Family Estates
- Sogrape Vinhos, S.A.
- McWilliam's Wines Group Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Fortified Wine Market, by Distribution Channel
1.4.2 LAMEA Fortified Wine Market, by Product
1.4.3 LAMEA Fortified Wine Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Fortified Wine Market by Distribution Channel
3.1 LAMEA Liquor Stores Market by Country
3.2 LAMEA Internet Retailing Market by Country
3.3 LAMEA Supermarkets Market by Country
3.4 LAMEA Pub, Bars & Restaurants Market by Country
3.5 LAMEA Others Market by Country
Chapter 4. LAMEA Fortified Wine Market by Product
4.1 LAMEA Vermouth Market by Country
4.2 LAMEA Sherry Market by Country
4.3 LAMEA Port Wine Market by Country
4.4 LAMEA Others Market by Country
Chapter 5. LAMEA Fortified Wine Market by Country
5.1 Brazil Fortified Wine Market
5.1.1 Brazil Fortified Wine Market by Distribution Channel
5.1.2 Brazil Fortified Wine Market by Product
5.2 Argentina Fortified Wine Market
5.2.1 Argentina Fortified Wine Market by Distribution Channel
5.2.2 Argentina Fortified Wine Market by Product
5.3 UAE Fortified Wine Market
5.3.1 UAE Fortified Wine Market by Distribution Channel
5.3.2 UAE Fortified Wine Market by Product
5.4 Egypt Fortified Wine Market
5.4.1 Egypt Fortified Wine Market by Distribution Channel
5.4.2 Egypt Fortified Wine Market by Product
5.5 South Africa Fortified Wine Market
5.5.1 South Africa Fortified Wine Market by Distribution Channel
5.5.2 South Africa Fortified Wine Market by Product
5.6 Nigeria Fortified Wine Market
5.6.1 Nigeria Fortified Wine Market by Distribution Channel
5.6.2 Nigeria Fortified Wine Market by Product
5.7 Rest of LAMEA Fortified Wine Market
5.7.1 Rest of LAMEA Fortified Wine Market by Distribution Channel
5.7.2 Rest of LAMEA Fortified Wine Market by Product
Chapter 6. Company Profiles
6.1 Bacardi Limited
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.1.2.2 Acquisition and Mergers:
6.2 Campari Group
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Innovation Expenses
6.3 The Wine Group
6.3.1 Company Overview
6.4 E. & J. Gallo Winery
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Acquisition and Mergers:
6.5 Anchor Brewing Company (Sapporo Holdings Limited)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental Analysis
6.6 Rhys & Rylee LLC (Atsby Vermouth)
6.6.1 Company Overview
6.7 Symington Family Estates
6.7.1 Company Overview
6.8 Sogrape Vinhos, S.A.
6.8.1 Company Overview
6.8.2 Recent strategies and developments:
6.8.2.1 Product Launches and Product Expansions:
6.9 McWilliam’s Wines Group Ltd
6.9.1 Company Overview
6.10. Emilio Lustau S.A.
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Product Launches and Product Expansions:
TABLE 1 LAMEA Fortified Wine Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Fortified Wine Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 LAMEA Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 LAMEA Liquor Stores Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Liquor Stores Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Internet Retailing Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Internet Retailing Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Supermarkets Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Supermarkets Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Pub, Bars & Restaurants Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Pub, Bars & Restaurants Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 16 LAMEA Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 17 LAMEA Vermouth Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Vermouth Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Sherry Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Sherry Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Port Wine Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Port Wine Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Fortified Wine Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Fortified Wine Market by Country, 2022 - 2028, USD Million
TABLE 27 Brazil Fortified Wine Market, 2018 - 2021, USD Million
TABLE 28 Brazil Fortified Wine Market, 2022 - 2028, USD Million
TABLE 29 Brazil Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 Brazil Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 Brazil Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 32 Brazil Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 33 Argentina Fortified Wine Market, 2018 - 2021, USD Million
TABLE 34 Argentina Fortified Wine Market, 2022 - 2028, USD Million
TABLE 35 Argentina Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 36 Argentina Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 37 Argentina Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 38 Argentina Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 39 UAE Fortified Wine Market, 2018 - 2021, USD Million
TABLE 40 UAE Fortified Wine Market, 2022 - 2028, USD Million
TABLE 41 UAE Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 42 UAE Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 43 UAE Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 44 UAE Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 45 Egypt Fortified Wine Market, 2018 - 2021, USD Million
TABLE 46 Egypt Fortified Wine Market, 2022 - 2028, USD Million
TABLE 47 Egypt Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Egypt Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Egypt Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 50 Egypt Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 51 South Africa Fortified Wine Market, 2018 - 2021, USD Million
TABLE 52 South Africa Fortified Wine Market, 2022 - 2028, USD Million
TABLE 53 South Africa Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 South Africa Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 South Africa Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 56 South Africa Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 57 Nigeria Fortified Wine Market, 2018 - 2021, USD Million
TABLE 58 Nigeria Fortified Wine Market, 2022 - 2028, USD Million
TABLE 59 Nigeria Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 60 Nigeria Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 61 Nigeria Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 62 Nigeria Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 63 Rest of LAMEA Fortified Wine Market, 2018 - 2021, USD Million
TABLE 64 Rest of LAMEA Fortified Wine Market, 2022 - 2028, USD Million
TABLE 65 Rest of LAMEA Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 66 Rest of LAMEA Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 67 Rest of LAMEA Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 68 Rest of LAMEA Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 69 Key Information – Bacardi Limited
TABLE 70 Key Information – Campari Group
TABLE 71 Key Information – The Wine Group
TABLE 72 Key Information – E. & J. Gallo Winery
TABLE 73 Key Information – Anchor Brewing Company
TABLE 74 Key Information – Rhys & Rylee LLC
TABLE 75 Key Information – Symington Family Estates
TABLE 76 Key Information – Sogrape Vinhos, S.A.
TABLE 77 Key Information – McWilliam’s Wines Group Ltd
TABLE 78 Key Information – Emilio Lustau S.A.
List of Figures
FIG 1 Methodology for the research