Fortified Wine Market - Forecasts From 2019 To 2024

The fortified wine market is projected to grow at a CAGR of 4.88% to reach US$20.448 billion by 2023, from US$15.360 billion in 2017. Fortified wine implies reinforced and has a raised degree of liquor in contrast with different wines. The purpose of their high liquor content is a direct result of being blended in with a refined soul, such as schnapps. Initially, the utilization of fortress was to save wine as the barrels of wine during long ocean journeys were inclined to go to vinegar. The normal liquor substance of the fortified wine is around 17-20 percent by volume. Industry players in the industry and their revenue contribution grow the fortified wine market in upcoming years.

Segmentation

The fortified wine market has been analyzed through following segments:

By Type

Port

Sherry

Madeira

Vermouth

Muscat

Marsala

 

By Geography

North America

USA

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others