Market Overview

The Global Fortified Wine Market was valued at USD 17,682.1 million in 2023 and is expected to reach USD 45,368.4 million by 2031 while growing at a CAGR of 12.5% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global fortified wine market growth. Fortified wine, enhanced with distilled spirits like brandy in a process called fortification, raises alcohol content, alters flavor, and improves stability. The addition of spirits, commonly grape or neutral spirits, halts fermentation by killing yeast, resulting in residual sugar in the wine.

Increasing consumer tastes, preferences, and rising disposable income propel the growth of the fortified wine market. Nonetheless, obstacles like heightened awareness of health issues, a growing health trend, and regulatory frameworks governing alcoholic beverage production, marketing, and distribution may impede market expansion.

Furthermore, the global fortified wine industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Fortified Wine Market is segmented among Port wine, Vermouth, Sherry, and Other Product Types, based on Product Type. In 2023, Vermouth accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Fortified Wine Market is segmented among On-Trade, and Off-Trade, based on Distribution Channel. In 2023, Off-Trade accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Fortified Wine Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Liberty Wines Limited, Backsberg, Taylor's Port, Albina & Hanna, Contratto, Vinbros & Company, Mazuran's Vineyards Limited, Vitivinicola Lombardo VAT, Grupo Sogevinus Fine Wines, Cuceilo Vermouth De Torino Italia, and Constellation Brands Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Fortified Wine Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Fortified Wine Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Fortified Wine Market Segmentation, By Product Type  

• Global Fortified Wine Market Share Analysis, By Product Type  

• Global Fortified Wine Market Growth Analysis, By Product Type  

• Global Fortified Wine Market Trends, By Product Type  

o Port wine

o Vermouth

o Sherry

o Other Product Types

6. Global Fortified Wine Market Segmentation, By Distribution Channel

• Global Fortified Wine Market Share Analysis, By Distribution Channel

• Global Fortified Wine Market Growth Analysis, By Distribution Channel

• Global Fortified Wine Market Trends, By Distribution Channel

o On-trade

o Off-trade

Ø Supermarkets/Hypermarkets

Ø Liquor Stores

Ø Other Distribution Channels

7. Global Fortified Wine Market Segmentation, By Region

• Global Fortified Wine Market Share Analysis, By Region

• Global Fortified Wine Market Growth Analysis, By Region

• Global Fortified Wine Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Liberty Wines Limited*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Backsberg

• Taylor's Port

• Albina & Hanna

• Contratto

• Vinbros & Company

• Mazuran's Vineyards Limited

• Vitivinicola Lombardo VAT

• Grupo Sogevinus Fine Wines

• Cuceilo Vermouth De Torino Italia

• Constellation Brands Inc  

 *Similar analysis will be provided for each company listed above.