Global Madeira Wine Market Insights, Forecast to 2028

Market Analysis and Insights: Global Madeira Wine Market
Madeira is a fortified wine made on the Portuguese Madeira Islands, off the coast of Africa. Madeira is produced in a variety of styles ranging from dry wines which can be consumed on their own, as an apéritif, to sweet wines usually consumed with dessert. Cheaper cooking versions are often flavoured with salt and pepper for use in cooking, but these are not fit for consumption as a beverage. The islands of Madeira have a long winemaking history, dating back to the Age of Exploration (approximately from the end of the 15th century) when Madeira was a standard port of call for ships heading to the New World or East Indies. To prevent the wine from spoiling, neutral grape spirits were added. On the long sea voyages, the wines would be exposed to excessive heat and movement which transformed the flavour of the wine. This was discovered by the wine producers of Madeira when an unsold shipment of wine returned to the islands after a round trip. Today, Madeira is noted for its unique winemaking process which involves oxidizing the wine through heat and ageing. The younger blends (three and five years old) are produced with artificial methods that heat and accelerate the aging process and the older blends, colheitas and frasqueiras are produced by the canteiro method. Because of these methods of production these wines are very long lived and those produced by the canteiro method will survive for decades and even centuries, even after being opened. Wines that have been in barrels for many decades are often removed and stored in demijohns where they may remain unharmed indefinitely. Some wines produced in small quantities in Crimea, California and Texas are also referred to as "Madeira" or "Madera"; however, most countries conform to the EU PDO regulations and limit the use of the term Madeira or Madère to only those wines that come from the Madeira Islands.

Due to the COVID-19 pandemic, the global Madeira Wine market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Sercial accounting for % of the Madeira Wine global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Food Service segment is altered to an % CAGR throughout this forecast period.

China Madeira Wine market size is valued at US$ million in 2021, while the US and Europe Madeira Wine are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Madeira Wine landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.

The global key manufacturers of Madeira Wine include Vinhos Barbeito, Blandy's, HM Borges, Pereira d'Oliveira, J. Faria & Filhos, Henriques & Henriques, Justino's, Cossart and Gordon and Leacock's and etc. In 2021, the global top five players have a share approximately % in terms of revenue.

Market Segments

The authors of this research report have explored the key segments: Type and Application. The report offers an in-depth breakdown of type and application segments and their sub-segments. The lucrativeness and growth potential have been looked into by the industry experts in this report. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the period 2017-2028. The specialists, to broaden the understanding of the users, have done value chain and raw material analysis in this section.

Segment by Type

Sercial

Verdelho

Bual

Malvasia

Terrantez

Segment by Application

Food Service

Retail

Others

Consequence of Covid-19 Pandemic

The authors of this study have enlightened the readers on the rise and effect of the Covid-19 outbreak on the development. They have investigated the changes brought about in the demand/supply side, consumption, supply chain, and sales/manufacturing. The readers will get familiar with the measures that have helped the key players to bring the Madeira Wine market back to the pre-covid levels.

Trends & Prospects

In this segment of the report, the specialists have delved into the key growth opportunities that are likely to emerge. This will aid the key players to simplify complex issues related to business and frame future strategies to compete in this competitive environment. This section will certainly assist the players to boldly position their business.

By Region

North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Colombia

Middle East & Africa

Turkey

Saudi Arabia

UAE

Competitive Outlook

In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and share analysis of the prominent players are also provided in this section. They have also provided reliable sales and revenue data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. Mentioned below are the prime players taken into account in this research report:

Vinhos Barbeito

Blandy's

HM Borges

Pereira d'Oliveira

J. Faria & Filhos

Henriques & Henriques

Justino's

Cossart and Gordon

Leacock's

Miles

Frequently Asked Questions

Which is the most lucrative product segment in the Madeira Wine market?

Which are the prominent strategies of the Madeira Wine market players?

Which factors are increasing the competition in the Madeira Wine market?

Which are the recommendations provided by the Madeira Wine industry experts?

Which region will witness rewarding growth during the forecast period?

What factors will curb the Madeira Wine market growth?

Which product segment will register the fastest growth rate in the Madeira Wine market?

Which emerging trends will impact the Madeira Wine market growth?

Which are the high-impact rendering factors in the Madeira Wine market?

Which companies will maintain their lead on the Madeira Wine market?