Fortified wine Market is expected to increase with CAGR 5.3% till 2023.


Posted December 4, 2017 by yogesh123

Increasing sale of fortified wine is driven by changing consumers’ preference in alcoholic beverages.

 
Market Research Future published a half cooked research report on global fortified wine Market which is estimated to grow more than 5.3% during the period 2017-2023.

Market Overview

Increasing sale of fortified wine is driven by changing consumers’ preference in alcoholic beverages. Increasing production of premium wines and new products is likely to drive the market for various fortified wine varieties as well as increase its sale in the wine market. Technology advancements in developed regions have led to the innovation in flavors leading to the production of fortified wines with flavors of infused herbs and spices. High focus on research and development of the alcoholic beverage industries has influenced the positive growth rate of the market. On the other hand, the population of consumers participating in campaigns and spreading awareness against alcohol consumption is one of the big challenges faced by this market. The consumption of fortified wine is found to be high in Europe and is evaluated to increase at a positive growth rate in various countries of North America and Asia Pacific region over the forecast period.

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Market Forecast

Globally, the fortified wine market share is estimated to escalate at a higher growth rate than any other alcohol variety based on the antioxidant content imparting anti-ageing properties. High consumption of fortified wine is backed up by its property to lower cholesterol level in the body when consumed in right quantity. The rising demand for low-calorie alcoholic beverages in the market is supporting its sale on a global level. Rapid urbanization has also supported in fueling up the market share of fortified wine all around the globe.

All these factors contribute to the calculated CAGR of 5.3% of Fortified Wine market during 2017-2023.

Fortified wine manufacturers across various regions follow the strategy of improving their existing product line by adding innovations to their business expansion, which, in turn, increase the demand for fortified wine is across various countries. In Europe, France is among the dominating countries holding a significant share of the fortified wine market and exports the product to different other countries, which include the U.K., the U.S., Germany, China, Belgium, and others.

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Regional Analysis

The global fortified wine market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Europe holds a major market share followed by North America. The high demand for fortified wine as a popular alcoholic drink from the developed countries of these regions is contributing to the positive growth of fortified wine market. The U.S., the U.K., China, Germany, and Canada are the major importers of fortified wine. Europe is found to be the major exporter of fortified wine and exports to major countries of North America and Asia Pacific.

Key Players

The key players profiled in the global fortified wine market: Bacardi Limited , Davide Campari-Milano S.p.A., The Wine Group , E & J Gallo Winery , Anchor Brewing Company , Atsby Vermouth , Gancia.

Table of Contents

1 Executive Summary
2 Market Introduction
1 Definition
2 Scope of the study
2.1 Research Objectives
2.2 Assumptions
2.3 Limitations
3 Markets Structure
4 Stakeholders
3 Research methodology
1 Research Methods
1.1 Primary research
1.2 Secondary research
2 Forecast model
3 Market Size estimation
4 MARKET DYNAMICS
1 Introduction
4.1.1 Trends in Supply/Production

4.1.2 Trends in Demand/Consumption

1.3 Value chain analysis
1.4 Porter’s five forces
1.5 Supply Chain Analysis
1.6 Macroeconomic indicators Analysis for top 5 Producing countries
5    MARKET TRENDS

1 Consumer Trends
2 Feedstock Analysis
3 Trends in Production and Consumption
4 Trade (Import-export) Analysis
GLOBAL FORTIFIED WINE MARKET-By Wine-Type
1 Introduction
2 Market size (sub segments)
6.2.1 Port wine

6.2.2 Sherry

6.2.3 Vermouth

6.2.4 Others

GLOBAL FORTIFIED WINE MARKET- By Taste
1 Introduction
2 Market size (sub segments)
7.2.1 Dry

7.2.2 Medium

7.2.3 Sweet



GLOBAL FORTIFIED WINE MARKET-By Distribution Channel
1 Introduction
8.2 Market size (sub segments)

8.2.1 Store Based

8.2.1.1 Supermarket/Hypermarket

8.2.1.2 Specialty Retailers

8.2.1.3 Convenience Stores

8.2.1.4 Others

8.2.2 Non-Store Based

8.2.2.1 E-Commerce

CONTINUED……………………………………………………………….

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Issued By Market Research Future
Website Global fortified wine market
Country India
Categories Food , News , Reports
Tags fortified wine market , fortified wine Industry , fortified wine Sales
Last Updated December 4, 2017