Press release
India Wine Market Analysis, Size, Share, Demand and Opportunity 2023-2028
India Wine Market Report
Report Highlights
How big is the Indian wine market?
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.
What is wine?
Wine refers to an alcoholic beverage that is produced by fermenting the juice of grapes. It comprises grapes, yeast, sugar, oak chips or barrels, and sulfur dioxide. It offers improved cognitive function, such as thinking and memory skills, and prevents damage to the brain cells of individuals. It assists in lowering the risk of heart disease and increasing levels of good cholesterol (HDL) while reducing the formation of blood clots. As it also aids in reducing the risk of type 2 diabetes by improving insulin sensitivity and glucose metabolism, the demand for wine is rising in India.
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What are the growth prospects and trends in the India wine industry?
At present, the increasing demand for wine due to the rising consumption of wine at social events, such as weddings, corporate functions, and gatherings, represents one of the primary factors propelling the market growth in India. Besides this, the growing consumer preferences towards smooth, unique, and innovative flavors in wine is offering a positive market outlook in the country. Apart from this, the rising demand for premium wine brands among consumers is contributing to the market growth. Moreover, the wide availability of wine through various distribution channels, such as online and offline stores, is bolstering the growth of the market in India. Furthermore, the rising popularity of wine due to the increasing number of hotels, restaurants, and cafes in India is strengthening the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
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Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Contact US
IMARC Group
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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