The global fortified wine market is estimated to grow at a CAGR of nearly 4.8% during the forecast period. The major factors contributing to the growth of the market include emerging demand for premium alcoholic beverages and growing disposable income across emerging countries. As per the State Council of the People's Republic of China, the country’s per capita disposable income stood at $1,265 in the first three months of 2019, up 6.8% year-on-year in real terms. Urban and rural per capita disposable income reached nearly $1735 and $686 in the first quarter of 2019, up 5.9% and 6.9% in real terms, respectively.
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Chinese per capita consumer spending increased by 5.4% year-on-year in real terms to reach nearly $826 in the first quarter of 2019. This rising per capita income is further supporting to drive the market growth in the country. This, in turn, is expected to contribute to the adoption of premium fortified wine products. Further, the adoption of fortified wine are being primarily led by significant alcoholic consumption across the countries and increasing demand for beverages with different natural flavors. Millennials are primarily buying innovative alcoholic beverages products and therefore, the manufacturers are using natural flavors that enables to enhance the taste and fragrance of their alcoholic beverages.
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The comprehensive range of fortified wine with innovative natural flavors is providing multiple options for consumers which allows them to select the product of their choice. There is an increasing trend towards celebrity-owned brands available in the market that is bound to attract a large number of the customer base. Most people prefer to consume premium alcohol beverage of their favorite celebrities. Therefore, it is expected that more new launches of celebrities-owned premium alcohol brands will occur in the near future, which in turn, will likely propel the market growth. Fortified wine contains higher alcohol content and features a unique aroma and flavor that makes it different from regular varieties, which in turn, is encouraging the growth of the market.
Market Segmentation
Global Fortified Wine Market by Type
• Port Wine
• Sherry
• Vermouth
• Madeira
• Others
Global Fortified Wine Market by Distribution Channel
• Online
• Offline
Specialty Stores
• Supermarkets and Hypermarkets
• Liquor Stores
• Others
Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Atsby Vermouth
• Bacardi Ltd.
• Backsberg
• Contratto s.r.l.
• Davide Campari-Milano S.p.A.
• E. & J. Gallo Winery
• Fratelli Gancia & C. S.p.A.
• Imbue Cellars
• Liberty Wines Ltd.
• Sogevinus Fine Wines S.L.
• Sogrape Group
• Symington Family Estates Vinhos SA
• Taylor’s Port
• The Dolin Co.
• The Wine Group
• Vinbros and Co.

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