The Asia Pacific Fortified Wine Market would witness market growth of 12.2% CAGR during the forecast period (2022-2028).
The influence of the 'convenience' factor can also be seen in fortified wine distribution trends. Growing popularity of modern trade channels, as well as the rise of discounters, are defining growth strategies, while manufacturers are progressively shifting product sales to e-commerce, which is quickly becoming the market's key driving force. The easy availability of a varied range of items and door-to-door delivery services are attracting a bigger number of consumers with strong purchasing power, resulting in higher profit margins for producers.
The bulk of fortified wines are stylistically comparable to the wine classes used in the blend. Although some people confuse fortified wines with liquor, they are not distilled. This is especially true of vermouth, which is most likely due to its use in martinis. The strengthening liquor is frequently referred to as "neutral grape spirit." This is essentially a brandy or eau de vie. Whether a wine is sweet or dry depends on how long it ferments before being fortified.
Women, particularly middle-class and young women, have been driving the rise of India's wine culture. Increased tourism from other countries has also helped people of India fall in love with wine. Another element is the doctors' claims about health advantages. For the same reason, red wine accounts for 55-60% of total wine consumption, while white wine accounts for 45 percent; the balance is made up of rose and sparkling wine, which is becoming more popular. Thus, the growing acceptance of wine in the regional culture is positive news for the fortified wine market in the region.
Indian wines are gradually becoming more popular, but only some of them are exported. Higher-priced and higher-quality wines are being introduced to the portfolio as a result of ongoing premiumization, with the top end of the range selling for up to Rs. 4500 ($65) per bottle. Wines, on the other hand, are warmly received by expats who visit and taste the wines for their flavor characteristics.
The China market dominated the Asia Pacific Fortified Wine Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,623.9 million by 2028. The Japan market is poised to grow at a CAGR of 11.5% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 12.8% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Liquor Stores, Internet Retailing, Supermarkets, Pub, Bars & Restaurants, and Others. Based on Product, the market is segmented into Vermouth, Sherry, Port Wine, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Fortified Wine Market is Projected to reach USD 27.3 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bacardi Limited, Campari Group, The Wine Group, E. & J. Gallo Winery, Anchor Brewing Company, Rhys & Rylee LLC (Atsby Vermouth), Symington Family Estates , Sogrape Vinhos, S.A., McWilliam's Wines Group Ltd.
By Distribution Channel
- Liquor Stores
- Internet Retailing
- Supermarkets
- Pub, Bars & Restaurants
- Others
By Product
- Vermouth
- Sherry
- Port Wine
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bacardi Limited
- Campari Group
- The Wine Group
- E. & J. Gallo Winery
- Anchor Brewing Company
- Rhys & Rylee LLC (Atsby Vermouth)
- Symington Family Estates
- Sogrape Vinhos, S.A.
- McWilliam's Wines Group Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Fortified Wine Market, by Distribution Channel
1.4.2 Asia Pacific Fortified Wine Market, by Product
1.4.3 Asia Pacific Fortified Wine Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Fortified Wine Market by Distribution Channel
3.1 Asia Pacific Liquor Stores Market by Country
3.2 Asia Pacific Internet Retailing Market by Country
3.3 Asia Pacific Supermarkets Market by Country
3.4 Asia Pacific Pub, Bars & Restaurants Market by Country
3.5 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Fortified Wine Market by Product
4.1 Asia Pacific Vermouth Market by Country
4.2 Asia Pacific Sherry Market by Country
4.3 Asia Pacific Port Wine Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Fortified Wine Market by Country
5.1 China Fortified Wine Market
5.1.1 China Fortified Wine Market by Distribution Channel
5.1.2 China Fortified Wine Market by Product
5.2 Japan Fortified Wine Market
5.2.1 Japan Fortified Wine Market by Distribution Channel
5.2.2 Japan Fortified Wine Market by Product
5.3 India Fortified Wine Market
5.3.1 India Fortified Wine Market by Distribution Channel
5.3.2 India Fortified Wine Market by Product
5.4 South Korea Fortified Wine Market
5.4.1 South Korea Fortified Wine Market by Distribution Channel
5.4.2 South Korea Fortified Wine Market by Product
5.5 Singapore Fortified Wine Market
5.5.1 Singapore Fortified Wine Market by Distribution Channel
5.5.2 Singapore Fortified Wine Market by Product
5.6 Malaysia Fortified Wine Market
5.6.1 Malaysia Fortified Wine Market by Distribution Channel
5.6.2 Malaysia Fortified Wine Market by Product
5.7 Rest of Asia Pacific Fortified Wine Market
5.7.1 Rest of Asia Pacific Fortified Wine Market by Distribution Channel
5.7.2 Rest of Asia Pacific Fortified Wine Market by Product
Chapter 6. Company Profiles
6.1 Bacardi Limited
6.1.1 Company Overview
6.1.2 Recent strategies and developments:
6.1.2.1 Partnerships, Collaborations, and Agreements:
6.1.2.2 Acquisition and Mergers:
6.2 Campari Group
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.2.4 Research & Innovation Expenses
6.3 The Wine Group
6.3.1 Company Overview
6.4 E. & J. Gallo Winery
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Acquisition and Mergers:
6.5 Anchor Brewing Company (Sapporo Holdings Limited)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental Analysis
6.6 Rhys & Rylee LLC (Atsby Vermouth)
6.6.1 Company Overview
6.7 Symington Family Estates
6.7.1 Company Overview
6.8 Sogrape Vinhos, S.A.
6.8.1 Company Overview
6.8.2 Recent strategies and developments:
6.8.2.1 Product Launches and Product Expansions:
6.9 McWilliam’s Wines Group Ltd
6.9.1 Company Overview
6.10. Emilio Lustau S.A.
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Fortified Wine Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Fortified Wine Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Liquor Stores Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Liquor Stores Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Internet Retailing Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Internet Retailing Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Supermarkets Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Supermarkets Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Pub, Bars & Restaurants Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Pub, Bars & Restaurants Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Vermouth Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Vermouth Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Sherry Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Sherry Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Port Wine Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Port Wine Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Fortified Wine Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Fortified Wine Market by Country, 2022 - 2028, USD Million
TABLE 27 China Fortified Wine Market, 2018 - 2021, USD Million
TABLE 28 China Fortified Wine Market, 2022 - 2028, USD Million
TABLE 29 China Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 China Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 China Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 32 China Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 33 Japan Fortified Wine Market, 2018 - 2021, USD Million
TABLE 34 Japan Fortified Wine Market, 2022 - 2028, USD Million
TABLE 35 Japan Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 36 Japan Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 37 Japan Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 38 Japan Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 39 India Fortified Wine Market, 2018 - 2021, USD Million
TABLE 40 India Fortified Wine Market, 2022 - 2028, USD Million
TABLE 41 India Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 42 India Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 43 India Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 44 India Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 45 South Korea Fortified Wine Market, 2018 - 2021, USD Million
TABLE 46 South Korea Fortified Wine Market, 2022 - 2028, USD Million
TABLE 47 South Korea Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 South Korea Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 South Korea Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 50 South Korea Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 51 Singapore Fortified Wine Market, 2018 - 2021, USD Million
TABLE 52 Singapore Fortified Wine Market, 2022 - 2028, USD Million
TABLE 53 Singapore Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 Singapore Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 Singapore Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 56 Singapore Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 57 Malaysia Fortified Wine Market, 2018 - 2021, USD Million
TABLE 58 Malaysia Fortified Wine Market, 2022 - 2028, USD Million
TABLE 59 Malaysia Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 60 Malaysia Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 61 Malaysia Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 62 Malaysia Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Fortified Wine Market, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Fortified Wine Market, 2022 - 2028, USD Million
TABLE 65 Rest of Asia Pacific Fortified Wine Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 66 Rest of Asia Pacific Fortified Wine Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 67 Rest of Asia Pacific Fortified Wine Market by Product, 2018 - 2021, USD Million
TABLE 68 Rest of Asia Pacific Fortified Wine Market by Product, 2022 - 2028, USD Million
TABLE 69 Key Information – Bacardi Limited
TABLE 70 Key Information – Campari Group
TABLE 71 Key Information – The Wine Group
TABLE 72 Key Information – E. & J. Gallo Winery
TABLE 73 Key Information – Anchor Brewing Company
TABLE 74 Key Information – Rhys & Rylee LLC
TABLE 75 Key Information – Symington Family Estates
TABLE 76 Key Information – Sogrape Vinhos, S.A.
TABLE 77 Key Information – McWilliam’s Wines Group Ltd
TABLE 78 Key Information – Emilio Lustau S.A.
List of Figures
FIG 1 Methodology for the research