India Wine Market 2023-2027

Wine Market in India 2023-2027

Technavio has been monitoring the wine market in India and is forecast to grow by $688.16 mn during 2022-2027, accelerating at a CAGR of 30.92% during the forecast period. Our report on the wine market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing use of online sales channels, increasing application and demand for wine in food industry, and growing awareness regarding the health benefits of wine.

Technavio's wine market in India is segmented as below:

By Type

• Domestic
• Imported

By Product

• Red
• Fortified
• White
• Sparkling

This study identifies the rising population of millennials worldwide as one of the prime reasons driving the wine market growth during the next few years. Also, business strategies adopted by vendors and new product launches will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the wine market in India covers the following areas:

• Wine market sizing
• Wine market forecast
• Wine market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wine market vendors that include Big Banyan Wines, Century Wines Pvt. Ltd., Charosa Wineries Ltd., Chateau d Ori, Deccan Plateau Vineyards Pvt Ltd., Fratelli Wines Pvt. Ltd., Good Drop Wine Cellars Pvt Ltd., Grover Zampa Vineyards Ltd., John Distilleries Pvt. Ltd., KRSMA Estates Pvt. Ltd., Naveen Distillery, Nira Valley Grape Wines Ltd., Pernod Ricard SA, RENAISSANCE Winery Pvt. Ltd., SDU WINERY PVT LTD., The Tonia Group, Vallonne Vineyards Pvt. Ltd., York Winery Pvt Ltd., LVMH Moet Hennessy Louis Vuitton SE, and Sula Vineyards Ltd. Also, the wine market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.