Fortified Wine Market Grow with a CAGR of 8.34% through 2030F
The global Fortified Wine market is expected to grow in the
future owing to the increasing consumer demand
for premium, versatile alcoholic beverages, growing interest in wine culture,
and rising disposable incomes.
According to
TechSci Research report, “Fortified Wine Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, the
global Fortified Wine market stood at USD 18.34
billion in 2024 and is expected to grow USD 25.76
billion by 2030 with a CAGR of 8.34% during the forecast period. The
global Fortified Wine market is expected to grow in the future owing to the
rising popularity of wine tourism and related experiences. As consumers
increasingly seek immersive, authentic experiences, wine tourism has become a
key factor in promoting fortified wine. Wine enthusiasts are now exploring
vineyards and wineries across renowned regions like Port in Portugal, Sherry in
Spain, and Madeira in Portugal, where they can engage with the winemaking
process and taste wines directly at their source. The rise of wine-focused
travel experiences, such as guided tours, wine and food pairings, and
specialized events like wine festivals, has boosted global interest in
fortified wines. These experiences foster deeper consumer engagement with the
product, which in turn promotes brand loyalty and increased consumption. Also,
wineries are tapping into the growing trend by offering bespoke experiences,
creating a stronger connection with wine lovers and attracting a new
demographic of consumers who may not have previously considered fortified
wines. Wine tourism’s expansion, especially in emerging regions, is expected to
fuel demand for premium and fortified wine, offering new opportunities for
producers and expanding market reach.
The global
Fortified Wine market is expected to grow in the future owing to the increasing
adoption of Western culture, particularly in emerging markets. As global
consumer preferences evolve, there is a growing inclination toward Western
lifestyle choices, including the consumption of wine. Fortified wines, such as
Port, Sherry, and Madeira, have gained traction as part of this cultural shift.
This trend is especially prominent in regions such as Asia and the Middle East,
where Western dining and drinking habits are being embraced, leading to greater
demand for wine-based products. The influence of Western media, travel, and
social media platforms has contributed to changing perceptions of wine as an
accessible and sophisticated beverage. Also, the growing middle-class
population in these markets, with higher disposable incomes and an interest in
international cuisines and beverages, is driving the consumption of fortified
wines. As consumers continue to explore diverse drinking experiences, the
adoption of Western culture plays a crucial role in expanding the global
fortified wine market.
Browse
over xx market data figures spread through xx Pages and an in-depth TOC on
"Global Fortified Wine Market”
The global Fortified
Wine market is segmented into type, distribution channel and region.
Based on type, the
Vermouth segment is the fastest growing in the global Fortified Wine market, driven
by the increasing demand for unique, flavored beverages. Vermouth, a fortified
wine flavored with various botanicals and herbs, has gained significant
popularity in recent years, particularly among younger consumers and in
cocktail culture. This growth can be attributed to the rise of craft cocktails
and the global trend toward more innovative and personalized drinking
experiences. Vermouth’s versatility in cocktail creation has led to its
widespread adoption in bars and restaurants, especially in trendy urban areas.
Also, its perceived health benefits due to its herbal ingredients have also
contributed to its appeal among health-conscious consumers. The expansion of
premium and artisanal Vermouth offerings, alongside greater availability in
both retail and hospitality sectors, has further accelerated its market growth.
As consumers continue to seek diverse and refined taste experiences, Vermouth's
presence in the global fortified wine market is expected to keep rising,
marking it as the fastest-growing segment in industry.
Based on the
region, Asia-Pacific is the fastest-growing region in the global Fortified Wine
market, driven by increasing disposable incomes, changing consumer preferences,
and the rising popularity of Western lifestyle choices. As the region's middle
class expands, there is a growing demand for premium alcoholic beverages,
including fortified wines like Sherry, Port, and Vermouth. This trend is
particularly evident in countries like China, Japan, and India, where consumers
are increasingly exploring diverse wine varieties. Also, the rising interest in
wine tourism and international wine culture is boosting the consumption of
fortified wines across the region. The growth of modern retail channels,
including e-commerce, and the influence of Western bars and restaurants are
further accelerating this market expansion. With a shift towards luxury and
premium products, Asia-Pacific is poised to continue as a key growth driver in
the global fortified wine market.
Major companies
operating in the global Fortified Wine market are:
- Grape
Britannia
- Liberty
Wine Merchants Inc
- BACKSBERG
- E.
& J. Gallo Winery
- Vinbros
and Co
- Nickolls
& Perks
- De
Wine Spot
- Seppeltsfield
Wines Pty Ltd
- The
Little Fine Wine Company
- Hard
to Find Wines
Download Free Sample Report
Customers can
also request 10% free customization in this report.
“The global Fortified
Wine market is being fueled by the rising demand for premium fortified wines,
driven by changing consumer preferences and a growing inclination toward
high-quality, luxury alcoholic beverages. As consumers become more discerning,
there is an increasing shift toward premium variants such as vintage Port,
top-tier Sherry, and high-end Vermouth. This trend is particularly strong in
mature markets like Europe and North America, where consumers are seeking more
sophisticated and exclusive wine options.., said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
Fortified Wine Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Type (Port, Sherry, Vermouth,
Others), By Distribution Channel (Store-Based, Non-Store Based), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global
Fortified Wine market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global Fortified Wine market.
Contact Us-
TechSci
Research LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
M: +13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com