Global Port Wine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Port Wine Market” is a recent report compiled by Market.biz. Various aspects of the port wine market are included in the report. A range of factors has been collected for study, assessment and comprehensive analysis including some primary and secondary research efforts in this detailed report. Segmentation has been done on the basis of revenue of global, regional, and country-wise markets and presented with surgical precision for a better understanding. Key trends, revenue growth driving factors, restraints, opportunities are also included. The company profiles of key players comprise detailed information, recent developments, strategies, and acquisitions & mergers, etc. The global port wine market is segmented on the basis of nature, type as well as respective regions and countries.
Global Port Wine Market: Overview
Port wine is a fortified wine that has its origin in Portugal. It is made from distilled grape spirits that are found in the Douro Valley, in the northern province of Portugal. Red wine is the most typical type of port wine and it is mostly served after a meal or dinner. There are a variety of port wine that come in different flavors and are dry or semi-dry in nature. White wine is another popular type of port wine.
Global Port Wine Market: Dynamics
The rising consumption of alcohol is among the major factors driving growth in the global port wine market. The consumption of port wine has increased more than that of whiskey and beer among young individuals in recent years. This can be attributed to factors such as better taste and health benefits that it offers, and the fact that it is less acidic than whiskey or beer is creating a surge in demand. Manufacturers are introducing different types of port wine to give consumers a bit more variety, in terms of choice. Flavors such as blackberry, raspberry, cinnamon, caramel, and chocolate are being blended with the product to increase its popularity.
Rising awareness about health and wellness is turning out to be one of many factors that are encouraging individuals to adopt healthy lifestyles. Port wine lowers the risk of heart diseases and contains the antioxidant resveratrol, which has been proven to be beneficial for health. A large number of vineyards have started to allow consumers to take tours and observe the production processes. This is expected to contribute to gaining the trust of consumers.
Global Port Wine Market: Segmentation Analysis
By Nature: Among the nature segments, the red wine segment accounts for majority revenue share. This can be attributed to health benefits that red wines offer including lowering the risk of heart disease.
By Type: The ruby port wine segment reserves a majority revenue share of the market when compared to the other segments. This is attributed to its easy and low-cost availability in contrast to tawny and vintage port wine.
Global Port Wine Market Regional Analysis:
The market in Europe is expected to continue to account for the highest revenue share throughout the forecast period due to the presence of major manufacturers that have been originally based in Europe. Port wines have a large consumer base in countries such as the U.K., Spain, and France. In addition, grapes have been produced on a large scale in Spain which is among major factors that will lead to significant growth of the port wine market in the region.
The Asia Pacific market is projected to register a high Compounded Annual Growth (CAGR) over the forecast tenure. The increasing population of this region and per-capita income among individuals are some of the key factors that will lead to the market’s growth in the region. The respective markets in India and China are major regional revenue contributors thanks to rising population figures.
Global Port Wine Market Segmentation:
By Sales Channel:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Cockburn Smithes & Companhia Lda wineries
- C N Kopke Wineries
- Delaforce Sons & Companhia Wineries
- Martinez Gassiot
- Grupo Sogevinus SGPS SA Wineries
- Quinta do Crasto
- Forrester & Weber
- Vinhos SA
- Ramos Pinto
- AA Calem
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