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 2021 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, the Europe Madeira Wine market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Madeira Wine landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
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 and will hold a share about % in 2028.
The global major 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 terms of revenue, the global 3 largest players have a % market share of Madeira Wine in 2021.
This report focuses on Madeira Wine volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Madeira Wine market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe and China, etc.
Global Madeira Wine Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Sercial
Verdelho
Bual
Malvasia
Terrantez
Segment by Application
Food Service
Retail
Others
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
By Company
Vinhos Barbeito
Blandy's
HM Borges
Pereira d'Oliveira
J. Faria & Filhos
Henriques & Henriques
Justino's
Cossart and Gordon
Leacock's
Miles