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Fortified Wine Market Trends

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

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Fortified Wine Market Trends

The fortified wine industry is witnessing a renaissance because of changing customer preferences and an increased interest in craft and premium drinks. The growing popularity of low-alcohol and session able choices has raised demand for fortified wines such as vermouth and sherry, which provide diversity in cocktails as well as a distinct flavor. Additionally, the rise of sustainable and organic production methods is attracting environmentally conscious consumers to fortified wines

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.