India Wine Market

Market Overview:

The India wine market size reached US$ 164.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 477.9 Million by 2028, exhibiting a growth rate (CAGR) of 18.9% during 2023-2028.

Wine refers to an alcoholic beverage made with the fermented juice of grapes. It consists of additional condiments, such as potassium sorbate, water, aromatics, potassium metabisulfite, acids, alcohol, tannins, and sugar, to inhibit enzymatic browning. Wine is rich in antioxidants that are beneficial in treating a common cold, lowering bad cholesterol, regulating blood sugar levels, reducing the risk of cancer, and protecting against cell damage. It is widely consumed directly or used in cooking applications to intensify the flavor and aroma of finished dishes. Commonly available in still, fortified, sparkling, and vermouth variants, moderate consumption of wine further prevents circulatory and heart diseases, such as atherosclerosis, coronary heart disease, heart attack, failure, and stroke.

India Wine Market Trends:

The widespread product adoption in the food and beverage (F&B) industry across the country is creating a positive outlook for the market. Wine is widely used to impart delicate flavors and bring out the richness of products. Additionally, the increasing product demand among young consumers due to the emerging trend of socializing at restaurants and bars is favoring the market growth. Apart from this, the introduction of organic wines that restrict the use of chemicals in their harvest and preparation is propelling the market growth. The practice of such sustainable methods by growers offers various health and environmental benefits, such as higher concentration of antioxidants, better heart health, easier to process by the liver, and lower carbon footprint. In line with this, the increasing demand for gluten-free alcoholic beverages due to the rising health consciousness among the masses and the increasing incidences of celiac disease is propelling the market growth. Furthermore, the rising demand for premiumization of wine manufactured with high-quality ingredients and the launch of new flavored fortified wines are positively impacting the market growth. Other factors, including increasing expenditure capacities of consumers, improving lifestyles, and easy product availability across e-commerce platforms, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India wine market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type, color and distribution channel.

Breakup by Product Type:

• Still Wine
• Sparkling Wine
• Fortified Wine and Vermouth
   

Breakup by Color:

• Red Wine
• Rose Wine
• White Wine
   

Breakup by Distribution Channel:

• Off-Trade
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Others
• On-Trade
   

Breakup by Region:

• North India
• West and Central India
• South India
• East India
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: