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The port wine market share is expected to increase to USD 157.04 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.13%.
Furthermore, this report extensively covers port wine market segmentations by the following:
The port wine market report offers information on several market vendors, including Calabria Family Wines, Davy and Co. Ltd., DOWS Port, Fonseca Port Wine, Mazurans Vineyards Ltd., Precept Wine, Quinta do Crasto SA, Ramos Pinto, SOGEVINUS FINE WINES SA, Sogrape SGPS SA, Sula Vineyards, Symington Family Estates Vinhos S.A., Taylors Port, THE FLADGATE PARTNERSHIP, The Great Wine Co., Van Zellers and Co., Vinbros and Co., Vinimark Trading Pty Ltd., and Vinoquel Vinhos Oscar Quevedo Lda among others.
This port wine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The health benefits of port wine is notably driving the port wine market growth, although factors such as campaigns against alcohol consumption may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the port wine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Port Wine Market Driver
Key Port Wine Market Trend
Thus, the growing adoption of online sales channels will increase the profit margins of port wine vendors, which, in turn, will drive the growth of the global port wine market during the forecast period.
Key Port Wine Market Challenge
This port wine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the port wine market encompasses successful business strategies deployed by the key vendors. The port wine market is fragmented and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The port wine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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36% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the port wine market in North America. Market growth in this region will be faster than the growth of the market in other regions.
Another key region offering significant growth opportunities to vendors is Europe. An increase in the number of tourists and the expansion of food service outlets, including bars and clubs, will facilitate the port wine market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 adversely impacted the regional market. However, in 2021, the initiation of large-scale vaccination drives led to the lifting of lockdown and trade restrictions in the region. This has resulted in the reopening of liquor stores, restaurants, cafes, and other retail channels, which has helped in improving the demand for wines, including port wines. Therefore, such factors are expected to drive the growth of the regional port wine market during the forecast period.
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The port wine market share growth by the on-trade segment will be significant during the forecast period. The revenue generated from the on-trade segment has increased over the years, owing to the increasing preference for dine-out. A restaurant wine selection is not complete without a port wine option, especially for dessert pairings. Port wines are usually richer, sweeter, heavier, and have a greater alcohol concentration than unfortified wine. Therefore, such factors are expected to propel the sales of port wines from on-trade channels during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the port wine market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global port wine market as a part of the global brewers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the port wine market during the forecast period.
Our report provides extensive information on the value chain analysis for the port wine market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Port Wine Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.13% |
Market growth 2022-2026 |
$ 157.04 million |
Market structure |
Fragmented |
YoY growth (%) |
2.7 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, Canada, Australia, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Calabria Family Wines, Davy and Co. Ltd., DOWS Port, Fonseca Port Wine, Mazurans Vineyards Ltd., Precept Wine, Quinta do Crasto SA, Ramos Pinto, SOGEVINUS FINE WINES SA, Sogrape SGPS SA, Sula Vineyards, Symington Family Estates Vinhos S.A., Taylors Port, THE FLADGATE PARTNERSHIP, The Great Wine Co., Van Zellers and Co., Vinbros and Co., Vinimark Trading Pty Ltd., and Vinoquel Vinhos Oscar Quevedo Lda |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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