The North America Fortified Wine Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
The emergence of a health-conscious population and conscious consumption trend, as well as a preference for convenient and high-quality products, are driving major disruptions in the alcoholic and non-alcoholic beverage industries. Given the growing popularity of ready-to-drink (RTD) alcoholic beverages, fortified wine producers are focused on new alcoholic beverage packaging trends, particularly wine in cans. This strategic initiative is likely to attract new generations of consumers and broaden the range of wine consumption occasions. Furthermore, as cocktail culture takes root and customers shift from everyday to luxury fortified wines, industry players will need to develop new marketing tactics using novel integrated approaches.
The food that goes with each variety of fortified wine is different. Fortified wines are commonly used as an aperitif as well as a dessert wine. A fortified wine is an excellent partnering companion for a variety of cheeses, nuts, fruit tarts, and cream-based or chocolate desserts.
Fortified wines are among the fastest-growing alcoholic beverage varieties in the United States, as they provide customers with more unique selections and options. The proliferation of fortified wines in the country has been fueled by the development of single-spirit bars. Antique fortified wines like sherry and port, are particularly popular in such establishments. Companies have launched aggressive branding initiatives and social media marketing to increase brand recognition. Fortified wine has also been recommended as a cocktail ingredient.
Port, vermouth, and sherry, according to bartenders, have several properties that make them appealing for blending. Furthermore, the natural sweetness of these wines is sufficient to substitute the simple syrup frequently used in cocktails. Over the last few years, sherry fortified wines have experienced a remarkable renaissance in the United States.
The US market dominated the North America Fortified Wine Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,486.9 million by 2028. The Canada market is anticipated to grow at a CAGR of 12.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.5% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Fortified Wine Market, by Distribution Channel
1.4.2 North America Fortified Wine Market, by Product
1.4.3 North America 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. North America Fortified Wine Market by Distribution Channel
3.1 North America Liquor Stores Market by Country
3.2 North America Internet Retailing Market by Country
3.3 North America Supermarkets Market by Country
3.4 North America Pub, Bars & Restaurants Market by Country
3.5 North America Others Market by Country
Chapter 4. North America Fortified Wine Market by Product
4.1 North America Vermouth Market by Country
4.2 North America Sherry Market by Country
4.3 North America Port Wine Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Fortified Wine Market by Country
5.1 US Fortified Wine Market
5.1.1 US Fortified Wine Market by Distribution Channel
5.1.2 US Fortified Wine Market by Product
5.2 Canada Fortified Wine Market
5.2.1 Canada Fortified Wine Market by Distribution Channel
5.2.2 Canada Fortified Wine Market by Product
5.3 Mexico Fortified Wine Market
5.3.1 Mexico Fortified Wine Market by Distribution Channel
5.3.2 Mexico Fortified Wine Market by Product
5.4 Rest of North America Fortified Wine Market
5.4.1 Rest of North America Fortified Wine Market by Distribution Channel
5.4.2 Rest of North America 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 North America Fortified Wine Market, 2018 - 2021, USD Million
TABLE 2 North America Fortified Wine Market, 2022 - 2028, USD Million
TABLE 3 North America Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 North America Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 North America Liquor Stores Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Liquor Stores Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Internet Retailing Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Internet Retailing Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Supermarkets Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Supermarkets Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Pub, Bars & Restaurants Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Pub, Bars & Restaurants Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 16 North America Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 17 North America Vermouth Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Vermouth Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Sherry Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Sherry Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Port Wine Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Port Wine Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Fortified Wine Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Fortified Wine Market by Country, 2022 - 2028, USD Million
TABLE 27 US Fortified Wine Market, 2018 - 2021, USD Million
TABLE 28 US Fortified Wine Market, 2022 - 2028, USD Million
TABLE 29 US Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 US Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 US Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 32 US Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 33 Canada Fortified Wine Market, 2018 - 2021, USD Million
TABLE 34 Canada Fortified Wine Market, 2022 - 2028, USD Million
TABLE 35 Canada Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 36 Canada Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 37 Canada Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 38 Canada Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 39 Mexico Fortified Wine Market, 2018 - 2021, USD Million
TABLE 40 Mexico Fortified Wine Market, 2022 - 2028, USD Million
TABLE 41 Mexico Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 42 Mexico Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 43 Mexico Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 44 Mexico Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 45 Rest of North America Fortified Wine Market, 2018 - 2021, USD Million
TABLE 46 Rest of North America Fortified Wine Market, 2022 - 2028, USD Million
TABLE 47 Rest of North America Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Rest of North America Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Rest of North America Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 50 Rest of North America Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 51 Key Information – Bacardi Limited
TABLE 52 Key Information – Campari Group
TABLE 53 Key Information – The Wine Group
TABLE 54 Key Information – E. & J. Gallo Winery
TABLE 55 Key Information – Anchor Brewing Company
TABLE 56 Key Information – Rhys & Rylee LLC
TABLE 57 Key Information – Symington Family Estates
TABLE 58 Key Information – Sogrape Vinhos, S.A.
TABLE 59 Key Information – McWilliam’s Wines Group Ltd
TABLE 60 Key Information – Emilio Lustau S.A.
List of Figures
FIG 1 Methodology for the research