(Food-Beverage-News.Com, February 09, 2018 ) Product premiumization will be the prime factor fuelling growth of the global market for fortified wine in the upcoming years. Leading market players are concentrating on development of new flavored fortified wines, to cater continuously changing consumer preferences. Marijuana-infused wines are gaining higher traction, particularly in the United States where such products are legal. This report, published by Fact.MR, provides in-depth analysis of the global fortified wine market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global fortified wine market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Fortified wine manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to fortified wine.
8 Key Estimations on Future of Global Fortified Wine Market for Forecast Period 2017 to 2022
1. Fortified wine for individuals who are light-bodied is estimated to account for the largest revenue share of the market, with sales anticipated to exhibit a CAGR of 3% through 2022.
2. Although sales of fortified wines that are semi-sweet will witness a sluggish expansion through 2022, revenues from this segment is estimated to account for a major portion of the market share throughout the forecast period.
3. Modern trade is estimated to remain the largest sales channel in the global fortified wine market, accounting for more than one-third market share in terms of revenues from 2017 to 2022.
4. Fortified wine sales in e-commerce sales channel will exhibit the highest CAGR through 2022.
5. Marsala will continue to remain dominant in the global market for fortified wine, based on product type. Over one-fourth revenue share of the market will be accounted by Marsala over the forecast period.
6. Madeira is estimated to remain the second largest product segment in the global market for fortified wine.
7. In terms of revenues, Europe will remain the largest market for fortified wine.
8. Fortified wine sales will witness the fastest expansion in Asia-Pacific excluding Japan (APEJ) through 2022.
Europe to Remain Most Lucrative Region for Fortified Wine Market
Europe will continue to be the most lucrative region for the fortified wine market, in terms of revenues. However, sales of fortified wine in Asia-Pacific excluding Japan (APEJ) are estimated to register a comparatively faster expansion than all the regional segments through 2022.
Marsala is anticipated to retain its position as the top-selling product in the global fortified wine market. Over one-fourth share of the market is expected to be accounted by revenues from sales of Marsala across the globe during 2017 to 2022. In addition, Madeira will continue to be the second most lucrative fortified wine over the forecast period, in terms of revenues.
Modern Trade will Continue to be Largest Sales Channel for Fortified Wine
Accounting for over one-third revenue share of the global market, modern trade will continue to be the largest sales channel for fortified wine worldwide. However, sales of fortified wine in e-commerce sales channel is expected to register the highest CAGR through 2022.
Fortified wine for light-bodied individuals is expected to hold the largest share of the market in terms of revenues, with sales projected to expand at 3% CAGR through 2022. Based on sweetness-level, although sales of semi-sweet fortified wine are expected to be sluggish through 2022, revenues from semi-sweet fortified wine will account for the largest market share over the forecast period.
Competition Tracking
Key players listed in Fact.MR’s report on the global fortified wine market include Bacardi Limited, E. & J. Gallo Winery, Davide Campari-Milano S.p.A., The Wine Group LLC, Sogevinus Fine Wines, S.A., F.LLI GANCIA & C. S.p.A, and Sogrape SGPS, SA.
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