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Global Fortified Wine Market

Global Fortified Wine Market size was valued at USD 13.84 billion in 2021 and is poised to grow from USD 15.57 billion in 2022 to USD 39.95 billion by 2030, at a CAGR of 12.5% during the forecast period (2023-2030).<br><br>

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Global Fortified Wine Market

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  1. Global Fortified Wine Market Size, Share, Growth Analysis, - Industry Forecast 2023-2030 Global Fortified Wine Market size was valued at USD 13.84 billion in 2021 and is poised to grow from USD 15.57 billion in 2022 to USD 39.95 billion by 2030, at a CAGR of 12.5% during the forecast period (2023-2030). Global Fortified Wines is driven by the increasing consumption of alcoholic beverages globally. Furthermore, development in manufacturing, as well as flavor innovation, are propelling market expansion in the approaching years. The increasing consumption and demand for alcoholic beverages at various special events is also contributing to the industry's growth. Consumption of the product is regarded as social recognition, which will promote industry growth over the anticipated timeline. Furthermore, there are numerous health benefits related with the use of fortified wine. These are the main market expansion drivers. However, rising wine taxes in certain countries, as well as severe government rules and regulations, are impeding market expansion over the projection period. technological advancement and Furthermore, the increased investment in R&D by various producers to make unique fortified wine products around the world is creating potential for the industry in the coming years. However, regulatory guidelines in nations such as the United States, Germany, the United Kingdom, China, and India are expected to keep fortified wine products of high quality. The Food Safety and Standards Authority of India (FSSAI) has drafted and announced the 2019 alcoholic drinks standard regulations for wine manufacturing and labeling. The COVID-19 pandemic lockdown disrupted transportation and interrupted raw material supplies for a period of time, affecting fortified wine production. However, increased health awareness and encouragement of fortified wine

  2. usage during the COVID-19 pandemic is expected to result in a robust market growth rate in the next few years. View More Info @:https://www.skyquestt.com/report/fortified-wine-market Top Player’s Company Profiles in Global Fortified Wine Market •E. & J. Gallo Winery •Bacardi Limited •Treasury Wine Estates Limited •The Wine Group LLC •Davide Campari-Milano S.p.A. •Sogrape Vinhos, S.A. •Symington Family Estates •Gonzalez Byass S.A. •Les Grands Chais de France Group •Miguel Torres S.A. •The Brown-Forman Corporation •Pernod Ricard SA •William Grant & Sons Ltd.C. & J. Gallo Winery •Vinicola del Priorat •Lustau •Sierra Cantabria •Bodegas Emilio Lustau, S.A. •Sociedade Agrícola e Comercial dos Vinhos Messias, S.A. •Quinta do Noval AboutUs: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients

  3. globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA(+1)617-230-0741 Email: sales@skyquestt.com LinkedIn Facebook Twitter GLOBAL FORTIFIED WINE SIZE GLOBAL FORTIFIED WINE GROWTH GLOBAL FORTIFIED WINE FORECAST

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