Middle East Fortified Wines Market (2020-2026) | Analysis, Trends, Size, Value, Share, Growth, Revenue, COVID-19 IMPACT, Companies, Industry, Forecast & Outlook

Middle East fortified wines market is likely to witness growth in the coming years. Wine accounts for the major growth rate amongst all the alcoholic drinks due to factors like the ban of alcohol consumption in most of Middle East countries. Middle and higher-class women of this region are changing their standard of living and are adapting to western culture. Wine in countries like U.A.E, Iran is simply accessible to around a quarter of the population, as Muslims are not allowed to savour alcohol in the nation. Non-Muslims need to apply for and get an alcohol license to purchase alcohol, however, this is only a custom and all non-Muslims, including vacationers, can purchase alcohol in lodging bars. Regardless of alcohol is prohibited for the Muslim population and the punishments for insobriety among this gathering being serious, there is an enormous, quickly developing segment of affluent non-Muslims who appreciate drinking alcohol and are driving business sector development in both value and volume terms. The contribution of non-Muslim tourists has been an additional point in the booming of the wine industry.

According to 6Wresearch, Middle East Fortified Wines Market size is anticipated to register growth during 2020-26. Middle East region has faced various challenges with competitors when it comes to winemaking. Perhaps the most relevant aspect is a mixture of societal indifference towards wine in the least extreme cases and outright prohibition for religious reasons in others. Many of Middle East’s most promising areas simply cannot produce wine as it is banned in countries like U.A.E and Iran. In Egypt; Port has shown a stronger demand by the citizens whereas Sherry showed a weaker performance. In Middle East, the changing atmosphere is making yet more prominent limits, with parts of the Mediterranean evaporating and different areas, for example, Turkey and Syria encountering heavier snowfall. The deadly Coronavirus had obstructed the working and survival of every industry in the globe, but gradually the cases have started to reduce and the businesses have now started opening. Countries like U.A.E are now safe to visit for tourism and hence the wine industry can now start experiencing a neutral response from the customer's end.

Based on the verticals the Fortified Wines market covers segments such as nature, product type, and distribution channel. In terms of product type, the subcategories include Port, Sherry, Marsala, Madeira, Vermouth and others. Based on distribution channel this market is subdivided into On-trade and Off-trade. The Off-trade is then segmented as modern grocery retail and traditional grocery retail. Modern grocery retail consists of hypermarkets, supermarkets, convenience stores. Traditional grocery retailing can be further segmented as speciality stores, liquor stores and others.

Middle East Fortified Wines market report thoroughly covers the market by types, distribution channel and countries including the U.A.E, Bahrain, Qatar, Kuwait and the rest of Middle East. Middle East Fortified Wines market outlook report provides an unbiased and detailed analysis of the on-going Fortified Wines market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Middle East Fortified Wines Market Outlook
• Middle East Fortified Wines Market Overview
• Middle East Fortified Wines Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Middle East Fortified Wines Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution Channels
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for UAE Fortified Wines Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Qatar Fortified Wines Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Saudi Arabia Fortified Wines Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Bahrain Fortified Wines Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Middle East Fortified Wines Market
• Market Drivers and Restraints
• Middle East Fortified Wines Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East Fortified Wines Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Distribution Channel:
• On-trade
• Off-trade
• By Type:
• Port, Sherry
• Marsala
• Madeira
• Commandaria
• Vermouth
• Others
• By Countries:
• UAE
• Qatar
• Saudi Arabia
• Bahrain
• Rest of Middle East