The new report by Expert Market Research titled, ‘Global Fortified Wine Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global fortified wine market, assessing the market based on its segments like nature, types, body, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/fortified-wine-market/reque...
The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 4%
The rapid economic growth of developing countries, especially in the Asia Pacific, along with the large population in the region is expected to drive the growth of the fortified wine industry. This is attributed to the increased acceptance of alcoholic drinks, as well as the expansion of retail outlets and online penetration of retail in countries like India and China in this region.
Consumption of fortified wine as an end-of-meal drink is a common practice and is a strong source of revenue for players in the industry. The purchase of the product as a gift or as an ingredient in certain cuisines is popular in regions such as North America and Europe and is expected to continue to drive the consumption in these regions.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/fortified-wine-market
Industry Definition and Major Segments
Fortified wine consists of wine with the addition of a distilled spirit. The spirit, typically brandy, is added either during or after the process of fermentation of wine to increase the alcohol content of the mixture while providing unique flavour and aroma characteristics. The addition of alcohol can also prevent spoilage of wine.
The global fortified wine market can be segmented based on nature as:
• Dry Wine
• Sweet Wine
The various types available include:
• Port
• Sherry
• Marsala
• Madeira
• Vermouth
• Others
The market can be classified on the basis of body as:
• Light Bodied
• Medium Bodied
• Full Bodied
Based on distribution channel, the industry can be categorised into:
• Online
• Offline
The regional markets for construction include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
A key trend vital to the growth of the industry is the increase in brand consciousness among consumers, particularly in developing countries. In certain regions outside Europe, fortified wines face low sales due to negative brand image or product misinformation regarding sherry and other such beverages. Even in North America, replacing traditional alcoholic beverages as end-of-meal drinks is heavily dependent on an increase in brand and product consciousness in the region.
The use of port and sherry in cuisine is becoming increasingly common in Latin America, which is expected to increase the sales in the region. In the Middle East, the growth of the fortified wine industry is expected to be promoted indirectly via increased tourism and consumption of niche alcohol varieties.
Key Market Players
The major players in the market are Mazuran’s Vineyards Limited, Curatolo Arini, Taylor’s Port, Albina & Hanna, and Sogevinus Fine Wines SL, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Cordial Drink Market: https://www.expertmarketresearch.com/reports/cordial-drink-market
Elderflower Tea Market: https://www.expertmarketresearch.com/reports/elderflower-tea-market
Alcoholic Tea Market: https://www.expertmarketresearch.com/reports/alcoholic-tea-market
Vegan Egg Substitute Market: https://www.expertmarketresearch.com/reports/vegan-egg-substitute-market
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Related Reports:
Quillaia Extracts Market: https://www.expertmarketresearch.com/reports/quillaia-extracts-market
Liquid Butter Alternatives Market: https://www.expertmarketresearch.com/reports/liquid-butter-alternatives-...
Sweet Potato Flour Market: https://www.expertmarketresearch.com/reports/sweet-potato-flour-market
Yumberry Market: https://www.expertmarketresearch.com/reports/yumberry-market
Banana Flakes Market: https://www.expertmarketresearch.com/reports/banana-flakes-market
Banana Flour Market: https://www.expertmarketresearch.com/reports/banana-flour-market
Honey Powder Market: https://www.expertmarketresearch.com/reports/honey-powder-market
Helichrysum Oil Market: https://www.expertmarketresearch.com/reports/helichrysum-oil-market
Sodium Diacetate Market: https://www.expertmarketresearch.com/reports/sodium-diacetate-market
Sorbitan Monostearate Market: https://www.expertmarketresearch.com/reports/sorbitan-monostearate-market
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture
We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Expert Market Research
Toll Free Number: +1 (650) 761-6200 | +44 7441 392205
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com