Fortified Wine Market 2020-2024 Covid 19 Impact on Top countries data, Industry Growth Analysis, Segmentation, Size, Share, Trend, Future Demand and Leading Players Updates by Forecast
Posted on Oct 26 2020 5:10 AM
"COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The Fortified Wine Market is expected to register a CAGR of 4.8%, during 2020-2024. "
Global “Fortified Wine Market” Report 2020 - 2024 Provides Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Fortified Wine market players. Also Provides Industry position and viewpoint of main regions based on major key players, country, product types, and end industries Fortified Wine Market reports offer a detailed assessment of the Fortified Wine including enabling technologies, current market situation, market assumptions, restraining factors.
Fortified Wine Market Report Segmented by Regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa, Rest of World (ROW). This XYZ market research report focuses on the Key Manufacturers Profiles in Detail with Granular Analysis of the Market Share, Production Technology, Market Entry Strategies, Revenue Forecasts and Regional Analysis of the Market.
The fortified wine market is expected to attain a CAGR of 4.8% during the forecast period (2018–2023) owing to the growing demand for new and innovative flavors and the premiumization associated with fortified wine. Fortified wine is a wine to which a distilled spirit, usually brandy, is added. The zealous class of younger populations is aspiring for innovation from the fortified wine industry, and due to this demand for new flavors, high-quality brands have led to more and more innovation in fortified wines.
The market of fortified wine is increasingly driven by growing demand for product innovations in terms of new flavor varieties. The rapidly evolving tastes and preferences have led to the emergence of new and exotic flavors of fortified wine. In fact, after the legalization of marijuana in many states of the United States, many fortified wines are being launched infused with marijuana. Premiumization is also expected to further fuel the growth of the fortified wine market as consumer perception regarding the premium fortified wines is both positive as well as promising. The premiumisation associated with fortified wine is also evident in developing regions due to emergence of the aspirational middle class segment. However, the higher tax duties imposed on fortified wines in certain developed markets have led to decline in their overall sales. Thus, the unfavorable tax system acts as a primary constraint for the market.
The market for fortified wine is segmented based on product type, packaging type, distribution, and geography. Based on product type, the market is further categorized into port wine, vermouth, sherry, and others. The report also contains a distinct segmentation of packaging materials used for fortified wines. The distribution channel segment includes on-trade, supermarkets & hypermarkets, speciality stores, and others.
On-trade distribution includes pubs, clubs, bars, and restaurants where fortified wines witness higher sales as compared to other distribution segments. However, there has been growing demands of fortified wines in supermarkets & hypermarkets, owing to the emerging trend of household consumption.
Asia-Pacific is expected to grow faster than other regions in the foreseeable future, especially to the rising demands from countries, like Malaysia, India, and other Southeast Asian countries, where tourism and hospitality sectors are set to achieve exponential growth rates.
The European market of fortified wine has long achieved its maturation stage, and the key players are seeking radical innovation in terms of more exotic flavor profiles and packaging systems in order to retain the sustainable market share.
• January 2018 - UK-based WHITE CASTLE VINEYARD has recently launched ‘FIRST FORTIFIED WINE’ IN WALES, with an alcohol by volume (ABV) of 19%.
• December 2018 - California-based winery Rebel Coast Winery has recently launched first-ever alcohol-free, cannabis-infused wine.
The major players include - BACARDÍ, E. & J, GALLO WINERY, THE WINE GROUP, ANCHOR BREWERS & DISTILLERS, ATSBY VERMOUTH, IMBUE CELLARS, SYMINGTON, SOGRAPE VINHOS, MCWILLIAM'S WINES, EMILIO LUSTAU, GONZÁLEZ BYASS, amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,
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Here is the Top-List of Key-players of Fortified Wine Market 2020:-
- E. & J
- Gallo Winery
- The Wine Group
- Anchor Brewers & Distillers
- Atsby Vermouth
- Imbue Cellars
- Sogrape Vinhos
- McWilliam's Wines
- EMILIO LUSTAU
- González Byass
The report focuses on the global market, especially in the United States, Europe, China, Japan, South Korea, North America, and India.
Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.
The Global Fortified Wine market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global Fortified Wine market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Fortified Wine Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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Key Developments in the Fortified Wine Market:
- January 2018 - UK-based WHITE CASTLE VINEYARD has recently launched ‘FIRST FORTIFIED WINE’ IN WALES, with an alcohol by volume (ABV) of 19%.
- December 2018 - California-based winery Rebel Coast Winery has recently launched first-ever alcohol-free, cannabis-infused wine.
Reasons to Purchase this Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet in excel
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Finally, the report Global Fortified Wine Market 2020 describes the Fortified Wine industry expansion game plan, the Fortified Wine industry knowledge supply, appendix, analysis findings, and the conclusion.
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