Fortified Wine Market Dynamics 2021-2031
Fortified wines are the combinations of grapes and different vintages. Wines are ordinarily fortified for improving their strength and flavor. These wines are often referred to as "dessert wines" due to their high sweetness levels, coupled with their tendency to be consumed after meals. The actual aging of the fortified wine depends upon the fortified wine itself, and it is found that the cheaper the fortified wine lesser is the time it has taken aging in the oak.
MARKET DYNAMICS
Growing demand for alcoholic drinks such as fortified wine in various social events is the primary factor driving the market growth in emerging countries. Market players are launching innovative fortified wine flavors to cater to the altering consumer preferences and attain a more extensive customer base. However, many people are actively participating in campaigns to spread awareness about the disadvantageous health effects of alcohol consumption, which is expected to hinder the fortified wine market.
MARKET SCOPE
The "Global Fortified Wine Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the fortified wine market with detailed market segmentation by type and distribution channel. The global fortified wine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fortified wine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global fortified wine market is segmented into type and distribution channel. By type, the fortified wine market is classified into Port, Sherry, Vermouth, and Others. By distribution channel, the fortified wine market is classified into Supermarkets & Hypermarkets, Specialty Stores, E-Commerce, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global fortified wine market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The fortified wine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fortified wine market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the fortified wine market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global fortified wine market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The fortified wine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the fortified wine market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the fortified wine market in these regions.
MARKET PLAYERS
The report covers vital developments in the fortified wine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the fortified wine market are anticipated to lucrative growth opportunities in the future with the rising demand for fortified wine in the global market. Below mentioned is the list of few companies engaged in the fortified wine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fortified wine market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Bacardi Limited
- Davide Campari-Milano S.p.A
- The Wine Group
- E&J Gallo Winery
- Anchor Brewing Company
- Atsby Vermouth
- Gancia
- Imbue
- Symington Family Estates
- Sogrape Vinhos, S.A.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Fortified Wine Market - By Type
1.3.2 Fortified Wine Market - By Distribution Channel
1.3.3 Fortified Wine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FORTIFIED WINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. FORTIFIED WINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FORTIFIED WINE MARKET - GLOBAL MARKET ANALYSIS
6.1. FORTIFIED WINE - GLOBAL MARKET OVERVIEW
6.2. FORTIFIED WINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FORTIFIED WINE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PORT
7.3.1. Overview
7.3.2. Port Market Forecast and Analysis
7.4. SHERRY
7.4.1. Overview
7.4.2. Sherry Market Forecast and Analysis
7.5. VERMOUTH
7.5.1. Overview
7.5.2. Vermouth Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. FORTIFIED WINE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. E-COMMERCE
8.5.1. Overview
8.5.2. E-Commerce Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FORTIFIED WINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Fortified Wine Market Overview
9.1.2 North America Fortified Wine Market Forecasts and Analysis
9.1.3 North America Fortified Wine Market Forecasts and Analysis - By Type
9.1.4 North America Fortified Wine Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Fortified Wine Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Fortified Wine Market
9.1.5.1.1 Canada Fortified Wine Market by Type
9.1.5.1.2 Canada Fortified Wine Market by Distribution Channel
9.1.5.2 Mexico Fortified Wine Market
9.1.5.2.1 Mexico Fortified Wine Market by Type
9.1.5.2.2 Mexico Fortified Wine Market by Distribution Channel
9.1.5.3 US Fortified Wine Market
9.1.5.3.1 US Fortified Wine Market by Type
9.1.5.3.2 US Fortified Wine Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Fortified Wine Market Overview
9.2.2 Europe Fortified Wine Market Forecasts and Analysis
9.2.3 Europe Fortified Wine Market Forecasts and Analysis - By Type
9.2.4 Europe Fortified Wine Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Fortified Wine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Fortified Wine Market
9.2.5.1.1 Germany Fortified Wine Market by Type
9.2.5.1.2 Germany Fortified Wine Market by Distribution Channel
9.2.5.2 France Fortified Wine Market
9.2.5.2.1 France Fortified Wine Market by Type
9.2.5.2.2 France Fortified Wine Market by Distribution Channel
9.2.5.3 Italy Fortified Wine Market
9.2.5.3.1 Italy Fortified Wine Market by Type
9.2.5.3.2 Italy Fortified Wine Market by Distribution Channel
9.2.5.4 United Kingdom Fortified Wine Market
9.2.5.4.1 United Kingdom Fortified Wine Market by Type
9.2.5.4.2 United Kingdom Fortified Wine Market by Distribution Channel
9.2.5.5 Russia Fortified Wine Market
9.2.5.5.1 Russia Fortified Wine Market by Type
9.2.5.5.2 Russia Fortified Wine Market by Distribution Channel
9.2.5.6 Rest of Europe Fortified Wine Market
9.2.5.6.1 Rest of Europe Fortified Wine Market by Type
9.2.5.6.2 Rest of Europe Fortified Wine Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Fortified Wine Market Overview
9.3.2 Asia-Pacific Fortified Wine Market Forecasts and Analysis
9.3.3 Asia-Pacific Fortified Wine Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Fortified Wine Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Fortified Wine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Fortified Wine Market
9.3.5.1.1 Australia Fortified Wine Market by Type
9.3.5.1.2 Australia Fortified Wine Market by Distribution Channel
9.3.5.2 China Fortified Wine Market
9.3.5.2.1 China Fortified Wine Market by Type
9.3.5.2.2 China Fortified Wine Market by Distribution Channel
9.3.5.3 India Fortified Wine Market
9.3.5.3.1 India Fortified Wine Market by Type
9.3.5.3.2 India Fortified Wine Market by Distribution Channel
9.3.5.4 Japan Fortified Wine Market
9.3.5.4.1 Japan Fortified Wine Market by Type
9.3.5.4.2 Japan Fortified Wine Market by Distribution Channel
9.3.5.5 South Korea Fortified Wine Market
9.3.5.5.1 South Korea Fortified Wine Market by Type
9.3.5.5.2 South Korea Fortified Wine Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Fortified Wine Market
9.3.5.6.1 Rest of Asia-Pacific Fortified Wine Market by Type
9.3.5.6.2 Rest of Asia-Pacific Fortified Wine Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Fortified Wine Market Overview
9.4.2 Middle East and Africa Fortified Wine Market Forecasts and Analysis
9.4.3 Middle East and Africa Fortified Wine Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Fortified Wine Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Fortified Wine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Fortified Wine Market
9.4.5.1.1 South Africa Fortified Wine Market by Type
9.4.5.1.2 South Africa Fortified Wine Market by Distribution Channel
9.4.5.2 Saudi Arabia Fortified Wine Market
9.4.5.2.1 Saudi Arabia Fortified Wine Market by Type
9.4.5.2.2 Saudi Arabia Fortified Wine Market by Distribution Channel
9.4.5.3 U.A.E Fortified Wine Market
9.4.5.3.1 U.A.E Fortified Wine Market by Type
9.4.5.3.2 U.A.E Fortified Wine Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Fortified Wine Market
9.4.5.4.1 Rest of Middle East and Africa Fortified Wine Market by Type
9.4.5.4.2 Rest of Middle East and Africa Fortified Wine Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Fortified Wine Market Overview
9.5.2 South and Central America Fortified Wine Market Forecasts and Analysis
9.5.3 South and Central America Fortified Wine Market Forecasts and Analysis - By Type
9.5.4 South and Central America Fortified Wine Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Fortified Wine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Fortified Wine Market
9.5.5.1.1 Brazil Fortified Wine Market by Type
9.5.5.1.2 Brazil Fortified Wine Market by Distribution Channel
9.5.5.2 Argentina Fortified Wine Market
9.5.5.2.1 Argentina Fortified Wine Market by Type
9.5.5.2.2 Argentina Fortified Wine Market by Distribution Channel
9.5.5.3 Rest of South and Central America Fortified Wine Market
9.5.5.3.1 Rest of South and Central America Fortified Wine Market by Type
9.5.5.3.2 Rest of South and Central America Fortified Wine Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FORTIFIED WINE MARKET, KEY COMPANY PROFILES
11.1. BACARDI LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DAVIDE CAMPARI-MILANO S.P.A
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. THE WINE GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. E AND J GALLO WINERY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ANCHOR BREWING COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ATSBY VERMOUTH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GANCIA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. IMBUE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SYMINGTON FAMILY ESTATES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SOGRAPE VINHOS, S.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.Bacardi Limited
2.Davide Campari-Milano S.p.A
3.The Wine Group
4.E and J Gallo Winery
5.Anchor Brewing Company
6.Atsby Vermouth
7.Gancia
8.Imbue
9.Symington Family Estates
10.Sogrape Vinhos, S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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