Port Wine Market to See 2.6% CAGR by 2030 Amid Growing Interest in Tawny and Premium Segments

Port Wine Market

The global port wine market size was valued at $780.2 million in 2020, and is projected reach $774.7 million by 2030, registering a CAGR of 2.6% from 2021 to 2030”

— Allied Market Research

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, August 28, 2024 /EINPresswire.com/ -- The global port wine market was estimated at $780.2 million in 2020 and is expected to hit $774.7 million by 2030, registering a CAGR of 2.6% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Perceived health benefits of wine such as reduction in risks for heart diseases and stroke, enhancement in immune system, and management of cholesterol levels drive the growth of the global port wine market. On the other hand, changing climatic conditions restrain the growth to some extent. Nevertheless, increasing access to affordable imported wines is projected to create lucrative opportunities in the industry.

Request The Free Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/14629

The key market players analyzed in the global port wine market report include Calabria Family Wines, Davy & Co Limited, Grupo Sogevinus Fine Wines, The Fladgate Partnership, Quevedo, Quinta do Crasto, Sula Vineyards, Symington Family Estates, and Precept Wine. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

COVID-19 scenario-
· Closure of international trades impacted the global port wine market negatively, especially during the initial phase. Also, closing down of commercial establishments and categorizing alcohol as a non-essential item gave way to a steep decline in sales.

· However, reopening of bars and pubs in the post pandemic scenario and adoption of omnichannel selling by the producers are expected to create lucrative opportunities in the scenario.

LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/checkout-final/9bca108cb60570a0e451727a31855873

The global port wine market is analyzed across type, price point, sales channel, and region.

Based on type, the tawny segment accounted for the major share in 2020, holding more than two-thirds of the global market. The same segment would also exhibit the fastest CAGR of 2.8% throughout the forecast period.

Based on price point, the mass segment generated the highest share in 2020, accounting for nearly three-fourths of the global market. The premium segment, however, would cite the fastest CAGR of 3.3% from 2021 to 2030.

Based on region, the market across Europe held the lion’s share in 2020, garnering nearly two-thirds of the global market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 5.6% by the end of 2030. The other provinces studied in the report include North America and LAMEA.

Request For Customization (Flash Sale Tell 20th August 2022): https://www.alliedmarketresearch.com/request-for-customization/14629

Similar Reports:

Cream Powder Market- https://www.alliedmarketresearch.com/cream-powder-market-A39197

Peppermint Oil Market- https://www.alliedmarketresearch.com/peppermint-oil-market-A14182

Corn hydrolysate Market- https://www.alliedmarketresearch.com/corn-hydrolysate-market-A16866

Organic Honey Market- https://www.alliedmarketresearch.com/organic-honey-market-A15532

Whey Protein Ingredients Market- https://www.alliedmarketresearch.com/whey-protein-ingredients-market

Food Glazing Agents Market- https://www.alliedmarketresearch.com/food-glazing-agents-market-A13716

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.