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Fortified Wine Market Share

Report ID: GMI7520
Published Date: Nov 2023
Report Format: PDF

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Fortified Wine Market Share

Some of the major companies operating in the fortified wine industry are:

E. & J. Gallo Winery
Constellation Brands, Inc.
Treasury Wine Estates
Grupo Sogevinus Fine Wines
Trinchero Family Estates
Deutsch Family Wine & Spirits
The Wine Group
Pedro Domecq Sherry
Liberty Wines Limited
Precept Wine, LLC
Michelle Wine Estate
Backsberg
Croft Port
Taylor's Port
Albina & Hanna

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market. E. & J. Gallo Winery is a significant fortified wine producer. Port, Sherry, Vermouth, and Madeira are among the fortified wines produced by the firm. Gallo's fortified wines are well-known for their great quality and low cost. Gallo's capability for fortified wine production has been estimated to be more than 100 million gallons per year.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of fortified wine reached USD 32.30 billion in 2022 and is set to cross USD 85.21 billion by the end of 2032, as people become more interested in healthy beverage alternatives.

Port wine segment accounted for a majority market value of USD 11.24 billion in 2022, due to its distinct taste profile and adaptability, which appeals to both conventional wine enthusiasts and younger customers looking for new & different tasting experiences.

What are the factors driving Europe fortified wine industry?

E. & J. Gallo Winery, Constellation Brands, Inc., Treasury Wine Estates, Grupo Sogevinus Fine Wines, Trinchero Family Estates, Deutsch Family Wine & Spirits, The Wine Group, Pedro Domecq Sherry, Liberty Wines Limited, Precept Wine, LLC, Michelle Wine Estate, Backsberg, Croft Port, Taylor's Port, and Albina & Hanna.