According to the latest report by IMARC Group, titled “India Wine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The India wine market is expected to exhibit a CAGR of XX% during 2022-2027.
Wine represents an alcoholic beverage prepared with the fermented juice of grapes. It usually comprises additional condiments, such as water, aromatics, potassium metabisulfite, potassium sorbate, acids, alcohol, tannins, sugar, etc., to inhibit enzymatic browning. In line with this, wine is rich in antioxidants that aid in lowering bad cholesterol, regulating blood sugar levels, treating a common cold, reducing the risk of cancer, protecting against cell damage, etc. It is extensively consumed directly or utilized in cooking applications to intensify the flavor and aroma of finished dishes. Wine is commonly available in fortified, still, sparkling, and vermouth variants. Moderate consumption of wine further prevents circulatory diseases, such as coronary heart disease, atherosclerosis, heart attack, failure, and stroke, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Wine Market Trends:
The growing utilization of this alcoholic drink in the food and beverage (F&B) industry is primarily driving the India wine market. Additionally, the emerging trend of socializing at restaurants and bars is also catalyzing the market growth. Besides this, the introduction of organic wines that restrict the use of chemicals in their harvest and preparation and the practice of such sustainable methods offers health and environmental benefits, including a higher concentration of antioxidants, easier to process by the liver, better heart health, lower carbon footprint, etc., are acting as another significant growth-inducing factor. Moreover, the escalating demand for gluten-free beverages, owing to the increasing consumer health consciousness, is stimulating the market growth across the country. Apart from this, the rising incidences of celiac disease and the inflating need for the premiumization of variants manufactured with high-quality ingredients are anticipated to fuel the India wine market over the forecasted period.
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India Wine Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on region, product type, color, 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:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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