Fortified Wine Market Share, Size, Global Trends, Forecast Till 2030 – Delvens

The global Fortified Wine Market size is projected to reach a CAGR of 12.3% from 2023-2030.

Fortified wine is blended with various vintages and grapes. It is distilled with spirits like brandy to enhance its flavour and strength. Due to its high sweetness level, and tendency to be consumed after meals, it is often referred to as 'Dessert Wine'. This product has two main product variants, named dry wine and sweet wine, the production of which depends on the time addition of brandy. The cheaper the wine, the lesser time it has taken to distil with brandy. Also, fortified wine is widely consumed due to its nutritive properties.

The rising consumption and demand for alcoholic drinks in various special events are further supporting the industry's growth. The consumption of the product is considered social recognition, which in turn will drive the industry growth during the forecast timeline. In addition to this, various health benefits are associated with consumption of the fortified wine. These are the major driving factors for market growth. Moreover, the increasing investment in R&D by various manufacturers to produce innovative products of fortified wine across the globe is creating opportunities for the market over the upcoming years.