Global Fortified Wine Market Size & Outlook, 2024-2030
Global fortified wine market, 2018-2030 (US$M)
Related Markets
Global fortified wine market highlights
- The global fortified wine market generated a revenue of USD 18,107.8 million in 2024 and is expected to reach USD 31,799.1 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 9.8% by 2030.
- In terms of segment, vermouth accounted for a revenue of USD 12,300.9 million in 2024.
- Sherry is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2024.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 18,107.8 million |
| Market revenue in 2030 | USD 31,799.1 million |
| Growth rate | 9.8% (CAGR from 2024 to 2030) |
| Largest segment | Vermouth |
| Fastest growing segment | Sherry |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Port Wine, Vermouth, Sherry |
Other key industry trends
- In terms of revenue, the North America accounted for 25.2% of the global fortified wine market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 0.4 million by 2030.
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Fortified Wine Market Scope
Fortified Wine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fortified wine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fortified wine market will help companies and investors design strategic landscapes.
Vermouth was the largest segment with a revenue share of 67.93% in 2024. Horizon Databook has segmented the Global fortified wine market based on port wine, vermouth, sherry covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Fortified Wine Product Outlook (Revenue, USD Million, 2018-2030)
- Port Wine
- Vermouth
- Sherry
- Others
- Global Fortified Wine Distribution channel Outlook (Revenue, USD Million, 2018-2030)
- Pub, Bars & Restaurants
- Internet Retailing
- Liquor Stores
- Supermarkets
- Others
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Target buyers of Global fortified wine market databook
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Our clientele includes a mix of fortified wine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fortified wine market , including forecasts for subscribers. This global databook contains high-level insights into Global fortified wine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global fortified wine market size, by regions, 2018-2030 (US$M)
Top 10 countries: Fortified wine market size, 2024 (US$M)
Global fortified wine market share, by product, 2024 & 2030 (%, US$M)
Fortified wine market: Opportunity assessment by country
Global fortified wine market, by region, 2024 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,836.0 | 3,026.4 | 3,265.5 | 3,500.9 | 3,800.5 | 4,135.7 | 4,557.8 | 5,086.5 | 5,757.1 | 6,744.4 | 7,868.5 | 7,525.2 | 8,038.3 | 9.9% |
| Europe | 5,150.5 | 5,497.0 | 5,940.1 | 6,394.1 | 6,962.8 | 7,597.2 | 8,398.4 | 9,411.2 | 10,693.7 | 12,579.2 | 14,730.5 | 13,832.1 | 14,830.1 | 9.9% |
| Asia Pacific | 2,123.1 | 2,276.6 | 2,468.7 | 2,668.9 | 2,918.5 | 3,199.0 | 3,551.0 | 3,994.6 | 4,557.4 | 5,381.5 | 6,325.7 | 5,967.6 | 6,424.1 | 10.4% |
| Latin America | 318.1 | 372.5 | 418.3 | 452.7 | 478.6 | 508.6 | 545.1 | 591.5 | 652.7 | 739.5 | 832.9 | 577.4 | 640.5 | 2.7% |
| MEA | 694.0 | 728.3 | 778.7 | 826.4 | 891.0 | 964.6 | 1,055.7 | 1,172.9 | 1,321.5 | 1,543.7 | 1,792.0 | 1,778.9 | 1,866.1 | 10.0% |
| Overall | 11,121.8 | 11,900.8 | 12,871.4 | 13,843.0 | 15,051.4 | 16,405.1 | 18,107.8 | 20,256.7 | 22,982.4 | 26,988.3 | 31,549.6 | 29,681.2 | 31,799.1 | 9.8% |
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