Product Code: ETC030584 | Publication Date: Jun 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India fortified wines market is estimated to grow at a CAGR of 5.7% during the forecast period 2025-2031. India has seen an increase in demand for imported wines, which is driving the growth of the fortified wine market and providing various opportunities for players operating in this space. The growing trend of consuming alcoholic beverages on special occasions and urbanization have also further fuelled the growth of this market across India. In addition, product innovations by companies such as introducing flavored fortified wines are expected to boost its sales over the next few years.
The major factors that are contributing to India`s fortified wines market include increasing disposable income coupled with rising consumer preference towards luxury products, increasing consumption of alcohol among millennials due to changing lifestyle and social acceptance, easy availability of these drinks through online platforms, etc., leading to high adoption rate amongst consumers from all age groups & economic backgrounds. Moreover, manufacturers are increasingly focusing on product innovation such as flavored grapes or raisin-based fortified wines which can be served chilled or mixed with other ingredients & consumed as cocktails/mocktails thereby augmenting its demand among customers across different regions in India.
The major trends witnessed in Indian Fortified Wines Market include introduction new flavors such as mango & pineapple along with traditional flavors; surge in demand for imported wine varieties; rise in preference for organic & natural fortified wine offerings; popularizing mocktail culture along with alcohol mixers like juices or sodas thus acting as alternative beverage choice consumers looking out non-alcoholic options; emergence novel production methods being employed by industry players such achieving desired taste profiles quickly without long maturation process involved aging barrel matured fortifying spirits etc., therefore creating ample opportunities within industry landscape over next few years ahead.
High excise duties levied on packaged alcoholic beverages including spirits & beer along with stringent government regulations pertaining sale distribution liquor stores restaurants bars etc., act significant deterrents curtailing overall revenue potential segment however certain states have relaxed some laws allowing convenience store retail outlets stock sell limited quantity beers hard liquors outside licensed premises effectively addressing problem supply chain shortages specific geographies while simultaneously providing direct access wider customer base interested buying premium quality drinks brands mentioned category directly from point purchase rather than visiting dedicated liquor stores only.
Some key players operating within Indian Fortified Wines Market include Sula Vineyards Ltd., Grover Zampa Vineyards Ltd., U
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Fortified Wines Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Fortified Wines Market Revenues & Volume, 2021 & 2031F |
3.3 India Fortified Wines Market - Industry Life Cycle |
3.4 India Fortified Wines Market - Porter's Five Forces |
3.5 India Fortified Wines Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 India Fortified Wines Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Fortified Wines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of the Indian population leading to higher purchasing power. |
4.2.2 Growing trend of premiumization and interest in unique alcoholic beverages. |
4.2.3 Rising awareness about health benefits associated with moderate consumption of fortified wines. |
4.3 Market Restraints |
4.3.1 Stringent regulations and taxes on alcohol sales and consumption in India. |
4.3.2 Cultural and social stigmas around alcohol consumption in certain regions. |
4.3.3 Competition from other alcoholic beverages like beer, spirits, and traditional wines. |
5 India Fortified Wines Market Trends |
6 India Fortified Wines Market, By Types |
6.1 India Fortified Wines Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 India Fortified Wines Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 India Fortified Wines Market Revenues & Volume, By Port, Sherry, 2021-2031F |
6.1.4 India Fortified Wines Market Revenues & Volume, By Marsala, 2021-2031F |
6.1.5 India Fortified Wines Market Revenues & Volume, By Madeira, 2021-2031F |
6.1.6 India Fortified Wines Market Revenues & Volume, By Commandaria, 2021-2031F |
6.1.7 India Fortified Wines Market Revenues & Volume, By Vermouth, 2021-2031F |
6.1.8 India Fortified Wines Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Fortified Wines Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 India Fortified Wines Market Revenues & Volume, By On-Trade, 2021-2031F |
6.2.3 India Fortified Wines Market Revenues & Volume, By Off-Trade, 2021-2031F |
7 India Fortified Wines Market Import-Export Trade Statistics |
7.1 India Fortified Wines Market Export to Major Countries |
7.2 India Fortified Wines Market Imports from Major Countries |
8 India Fortified Wines Market Key Performance Indicators |
8.1 Consumer engagement levels on social media platforms for fortified wines. |
8.2 Number of new product launches and innovations in the fortified wine segment. |
8.3 Growth in the number of specialized retailers and bars offering fortified wines in India. |
9 India Fortified Wines Market - Opportunity Assessment |
9.1 India Fortified Wines Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 India Fortified Wines Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Fortified Wines Market - Competitive Landscape |
10.1 India Fortified Wines Market Revenue Share, By Companies, 2024 |
10.2 India Fortified Wines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |