Fortified Wine Market Forecasts by Global Industry Analysis Report 2028
Fortified Wine Market Growth & Trends The global fortified wine market size is expected to reach USD 31.5 Billion by 2028, registering a CAGR of 12.5% from 2022 to 2028, according to a new report by Grand View Research, Inc. Various health benefits and premiumization of wine products are the major driving factors of the market. Increasing demand for flavored wine products and various health benefits associated with the consumption of fortified wine will drive the industry's demand during the forecast period. Fortified Wine Market Segmentation Grand View Research has segmented the fortified wine market based on product, distribution channel, and region. Based on the Product Insights, the market is segmented into Port wine, Vermouth, Sherry, Others. The vermouth segment accounted for the largest market share of more than 65% in the global fortified wine market revenue in 2021 and is expected to expand at a CAGR of 12.4% from 2022 to 2028. The increasing use of...