Market Research Future (MRFR) has published a cooked research report on the “Global Port Wine Market” that contains information from 2018 to 2032. The port wine market is estimated to register a CAGR of 4.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global port wine market— Grupo Sogevinus Fine Wines, Adriano Ramos Pinto, Davy & Co Limited, Quinta Do Crasto, Precept Wine, The Fladgate Partnership, Calabria Family Wines, Quevedo, Symington Family Estates, Sula Vineyard And others.

Port Wine Market Highlights

The global port wine market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 1.783 billion by 2032.

The port wine market is experiencing growth as consumers, exposed to varied cultures and worldwide flavors, become more creative in their wine selections. This shift in consumer behavior is fueling the growth of the port wine market. Consumers are attracted to the rich and various varieties of port wines as they have an expanding taste and are prepared to experiment with new things. This trend compliments port wines' advanced charm and adaptability, making them popular among individuals looking for new and intriguing wine experiences.

Segment Analysis

The global port wine market has been segmented based on type, price point, and sales channel.

On the basis of type, the market is segmented into tawny and ruby. The tawny segment was attributed to holding the largest market share in 2022.  The growing popularity is due to the unusual aging procedure in wooden barrels, which provides a particular nutty and oxidative character.

Based on price point, the global port wine market has been segmented into premium and mass. The premium segment was expected to hold the largest market share in 2022. The premium sector has a significant market share due to rising customer demand for high-quality and aged types.

Based on sales channels, the global port wine market has been segmented into on-trade and off-trade. The off-trade segment was expected to hold the largest market share in 2022. Consumers increasingly opt to purchase port wines from retail stores and online.

Regional Analysis

Based on region, the global port wine market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The European port wine market comprises Germany, Portugal, France, the UK, Italy, Spain, and the Rest of Europe. The port wine market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of the world's port wine market comprises the Middle East, Africa, and Latin America.

The North American regional sector maintained the largest market share for port wine. The region's market dominance is due to a rising appreciation for different wine varieties, shifting consumer preferences, and increased demand for premium and luxury wines. This persistent curiosity has propelled North America to the leading edge of the global port wine market, indicating its significance and impact on the wine industry.

Moreover, the European market has been persistently growing over the forecast period. The region's strong traditions with wine, combined with developing consumer awareness for various varieties of port wine, add to this expansion. Additionally, the increase in wine tourism and a desire to explore peculiar and premium wine substitutes has increased demand for port wines, establishing Europe as a prominent participant in the global market for port wines.

Additionally, the rising middle class, increasing disposable income, and a growing appreciation for premium and imported beverages are key factors driving the growth of the port wine market in Asia Pacific. As consumers in this region develop more sophisticated taste preferences, demand for diverse and high-quality wines, especially port wines, has increased, positioning the Asia Pacific region as a prominent participant in the global port wine market.

Furthermore, the Rest of the world's Port Wine market is divided into the Middle East, Africa, and Latin America. The growth is driven by rising disposable incomes, shifting consumer preferences, and a growing appreciation for premium and luxury drinks. The desire for diversified and high-quality wine substitutes is increasing, encouraging the port wine industry to build a larger presence in these dynamic and expanding regions.

Key Findings of the Study

• The global port wine market is expected to reach USD 1.783 billion by 2032, at a CAGR of 4.50% during the forecast period.


• Asia Pacific is the fastest-growing segment in the port wine market due to rising income, evolving preferences, and increased demand for premium and luxury wines in the region.


• Based on type, the tawny segment was attributed to holding the largest market in 2022, with an approximate market share of 45%.


• Grupo Sogevinus Fine Wines, Adriano Ramos Pinto, Davy & Co Limited, Quinta Do Crasto, Precept Wine, The Fladgate Partnership, Calabria Family Wines, Quevedo, Symington Family Estates, Sula Vineyard and Others.