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:
Fortified Wine and Vermouth
Breakup by Color:
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by Region:
West and Central India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Base Year of the Analysis
Product Type, Color, Distribution Channel, Region
North India, West and Central India, South India, East India
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Key Questions Answered in This Report
The India wine market was valued at US$ 164.1 Million in 2022.
We expect the India wine market to exhibit a CAGR of 18.9% during 2023-2028.
The emerging trend of casual drinking during numerous occasions, such as social gatherings, festivals, birthdays and anniversaries, etc., along with the rising consumption of alcohol among the female population, is primarily driving the India wine market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of wine across the nation.
Based on the product type, the India wine market can be categorized into still wine, sparkling wine, and fortified wine and vermouth. Currently, still wine accounts for the majority of the total market share.
Based on the color, the India wine market has been segregated into red wine, rose wine, and white wine. Among these, red wine currently exhibits a clear dominance in the market.
Based on the distribution channel, the India wine market can be bifurcated into off-trade and on-trade. Currently, off-trade holds the largest market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India wine market.
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