Market Research Future (Food and Beverages) Fortified Wine Market | страница 3

Global Fortified Wine Market Research Report- Forecast to 2023
2 Market Overview
Increasing population of alcohol consumers’ majorly belonging to age group of 19-25 is one of the major drivers
influencing the sale of fortified wine based on the unique formulation of the wine. Developing economy and increasing
disposable income have a major impact on the fortified wine market. Increased demand for premium alcohol is also
driving the market for fortified wine. Availability of various product types in fortified wine supports the growth of
fortified wine market. Furthermore, high focus on research and development has led to innovations in fortified wine
varieties by experimenting with unique flavors, which has also fueled up the fortified wine share in the global wine
market.
In the major fortified wine type, Sherry holds a major share and based on high popularity for dry fortified wine it is
projected to increase at higher rate globally. Consumption of dry wine is dominating the share of wine varieties
segregated on the basis of taste due to high consumers’ preference towards authentic flavors in the fortified wine
variety. However, consumption of sweet wine is found to be rising at a steady growth rate in various regions. Sale of
fortified wine via specialty retailers is found to dominate the share based on convenience and ‘one-stop’ shopping
experience of the consumers.
Intended Audience:
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Fortified Wine Manufacturers
Wine Industries
Alcoholic beverage Industries
Retailers and Wholesalers
Traders, Importers and Exporters
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