The Global Fortified Wine Market is Predict to reach $27.3 Billion by 2028, at a CAGR of 10.9%

Published Date: 31-May-2022

Special Offering :

Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support

Fortified Wine Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Fortified Wine Market size is expected to reach $27.3 billion by 2028, rising at a market growth of 10.9% CAGR during the forecast period.

The Liquor Stores segment acquired maximum revenue share in the Global Fortified Wine Market by Distribution Channel in 2021; thereby, achieving a market value of $9.7 billion by 2028. The fortified wine market is being driven by the growing number of liquor outlets around the world. Various manufacturers are offering their products through liquor stores, fueling the segment's growth. Furthermore, convenient access to a variety of products through stores for customers is another reason for the segment’s high revenue share.

The Sherry segment is showcasing a CAGR of 11.6% during (2022 - 2028). This segment has grown in popularity due to the increased popularity of sherry wine among western customers as a drink during dinner to keep the body warm. Sherry comes in a variety of flavors depending on the grapes used. Although it is usually served dry, it is occasionally sweetened and served as a dessert wine. Various health benefits of sherry wine, such as antioxidants, cholesterol maintenance, reducing hypothermia, and many more, have caused the high demand for the product.

The Europe market dominated the Global Fortified Wine Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11.7 billion by 2028. The North America market is estimated to witness a CAGR of 10% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 12.2% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Fortified Wine Market Segmentation

By Distribution Channel

  • Liquor Stores
  • Internet Retailing
  • Supermarkets
  • Pub, Bars & Restaurants
  • Others

By Product

  • Vermouth
  • Sherry
  • Port Wine
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Egypt
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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.

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Fortified Wine Market Future Scope & Opportunities 2022-2028

Europe Fortified Wine Market Size & Growth Forecast 2022-2028

Asia Pacific Fortified Wine Market Size, Share & Industry Outlook to 2028

LAMEA Fortified Wine Market Growth, Trends & Forecasts 2022-2028

Request a Free Sample Copy

Why Choose Us

  • 24/7 Research support
    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Information security
    Your personal and confidential information is safe and secure.