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The fortified wine market size is forecast to increase by USD 4.38 billion at a CAGR of 4.36% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing consumption rate of fortified wines and the rising popularity of natural ingredients in mixology and cocktail culture. This trend is particularly evident in the popularity of dessert wines and aperitifs, which are often used as base ingredients in cocktails. However, the market faces challenges, including the negative perception associated with fortified wines and the impact of lockdowns and social distancing measures on traditional sales channels. Online wine auctions and sales platforms have emerged as key growth areas, offering consumers convenience and access to a wide range of fortified wines. As consumers continue to explore new ways to enjoy these unique and flavorful wines, the market is expected to continue its expansion.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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