India Wine Market (2023-2029) | Size, Analysis, Revenue, Share, Trends, Outlook, Companies, Growth, Value, COVID-19 IMPACT, Industry & Forecast

Topics Covered in the India Wine Market

India Wine Market report thoroughly covers the market by product type, colour, and distribution channels. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.

India Wine Market Synopsis

India Wine Market is estimated to gain traction over the years with the growing various growth aspects such as increasing income levels, changing consumer lifestyle & preferences, and growing online sales platforms. Moreover, wine has become a part of celebration in the country, as it is served at weddings, parties, and other occasions & events. A continuous rise in the Indian economy has resulted in an increased population income level in the country, leading to a rise in the preference for premium wines. This is estimated to be one of the major factors generating high product demand.

According to 6Wresearch, the India Wine Market size is estimated to register a CAGR of 10.5% during the forecast period 2023-2029. Many growth factors have been contributing to the market growth, one of them is health consciousness, with a growing emphasis on health, some consumers consider wine as a healthier alcoholic beverage owing to its antioxidant properties. Additionally, wine availability is being expanded in the country through the expansion of alcoholic beverages retail outlets, restaurants, and bars, opening greater growth corridors to the India Wine industry. Consumer preferences have been changing over time, there is an increasing will to taste innovative ranges of alcoholic beverages. This is creating an opportunity for the manufacturers to prepare innovative flavour-infused wines to cater to customer needs. In addition to this, consumers are willing to spend high on premium alcoholic beverages that come with innovative flavours to experience the top-notch quality and taste of the wines.

Trends and Opportunities in the India Wine Market

Wine market growth in India is influenced by several ongoing trends and opportunities such as India has started increasing the domestic wine production capacity to fulfil the consumers’ needs domestically. Indian wines are becoming popular in international markets, leading to creating an opportunity for the growth of the wine industry in India. Online wine retailing is increasing, which makes it easier for consumers to access a comprehensive range of wines and have them delivered to their doorstep. Offering customized & personalized wine experiences, like wine-tasting events that can be appealing to those consumers who look for unique infused flavoured wines is one of the trends estimated to surge the product purchase and augment the market growth significantly in the upcoming years. Also, the rising wine popularity consumption among youngsters is one of the trends driving the wine demand and simultaneously wine market growth.

COVID-19 Influence on the India Wine Market

COVID-19 has affected the market adversely, as with the strict and complete lockdown in the country, all the alcoholic beverages retail outlets, restaurants, and bars were closed simultaneously an increased health concern among the population resulted in decreased wine consumption.  In addition to this, disruption in the product supply due to travel restrictions caused during the pandemic led to a decrease in product availability, leading to a major decline in market shares.

Key Players of the India Wine Market

Here are numerous leading players operating in the market, who are offering top-notch quality and innovative flavoured wines to fulfil their customer requirements.  Some of the well-renowned players are mentioned below in the list:

• Sula Vineyards
• Grover Zampa Vineyards
• Fratelli Wines
• Four Seasons Wines
• York Winery

Market Analysis by Product Type

According to Nitesh Kumar, Research Manager, 6Wresearch, still, wine and sparkling wine have been gaining momentum in the market underpinned by several factors such as changing consumer preferences over time and alcohol consumers looking for unique wine flavours to experience the taste.

Market Analysis by Colour

Based on the colour, red and white wines are on the rise, driven by they are traditionally the most preferred wines and popular in every generation, however, rose wine is also gradually experiencing demand, especially by youngsters with the purpose of experiencing something unique.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Wine Market Outlook
• Market Size of India Wine Market, 2022
• Forecast of India Wine Market, 2029
• Historical Data and Forecast of India Wine Revenues & Volume for the Period 2019 - 2029
• India Wine Market Trend Evolution
• India Wine Market Drivers and Challenges
• India Wine Price Trends
• India Wine Porter's Five Forces
• India Wine Industry Life Cycle
• Historical Data and Forecast of India Wine Market Revenues & Volume By Product Types for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Still Wine for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Sparkling Wine for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Dessert Wine for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Fortified Wine for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Colors for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Red Wine for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Rose Wine for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By White Wine for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Other Colors for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume By Offline for the Period 2019 - 2029
• Historical Data and Forecast of India Wine Market Revenues & Volume Online for the Period 2019 - 2029
• India Wine Import Export Trade Statistics
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Colors
• Market Opportunity Assessment By Distribution Channel
• India Wine Top Companies Market Share
• India Wine Competitive Benchmarking By Technical and Operational Parameters
• India Wine Company Profiles
• India Wine Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Types

• Still Wine
• Sparkling Wine
• Dessert Wine
• Fortified Wine

By Colors

• Red Wine
• Rose Wine
• White Wine
• Other Colors

By Distribution Channel

• Offline
• Online

Frequently Asked Questions About the Market Study (FAQs):