India Grape Wine Market (2024-2030) | Trends, Share, Companies, Industry, Outlook, Revenue, Growth, Forecast, Size, Analysis & Value

India Grape Wine Market Synopsis

India is one of the fastest-growing markets for grape wine in the world. The Indian grape wine market was valued at USD 909 Million in 2020 and is expected to reach a value of USD 1,657 Million by 2026, registering a CAGR of 8.7% during 2020-2026 (forecast period). Grape wines are increasingly gaining popularity among consumers due to their health benefits such as preventing heart diseases and other chronic illnesses. Furthermore, an increase in disposable income coupled with changing lifestyles has led to increased demand for premium varieties of grape wines from both domestic and international players in India.

Drivers of the Market:

1) Increasing Disposable Income: The increasing disposable incomes amongst people have contributed significantly towards the growth of the Indian Grape Wine Market over recent years. With rising purchasing power, more people can afford luxury items such as quality wines which further drives up sales figures within this market segment.

2) Rise in Alcohol Consumption among Millennials: There has been an increase in alcohol consumption among millennials who prefer consuming premium brands like imported grapes wines available easily online or offline stores without any legal restrictions related to age or location preferences thus driving up sales across India grape wine market segment

3) Growing Penetration & Availability Of Grape Wines In Rural Areas : There has been growing penetration & availability of different varieties of grapes wines especially imported ones across rural areas due to improved distribution networks setup by many players thus making it easier for small towns and villages located far away from metro cities to get access too these products . This helps boost overall sales figures within India?s grape wine industry

Challenges of the Market:

1) High Excise Duty On Alcoholic Products : In most states governments imposes high excise duty on alcoholic beverages including grapes wines which adds additional cost burden on end customers leading them shifting towards local brews resulting into lower unit sale volumes prices across this sector

2) Low Adoption Rate Among Women Consumers : Despite various efforts made by producers women still constitute minor portion when it comes adopting grapes wines resulting into less than optimal sale numbers achieved compared its male counterparts despite having clear potential if right marketing campaign executed via digital channels targeting female audience

Key Highlights of the Report:

• India Grape Wine Market Outlook
• Market Size of India Grape Wine Market, 2023
• Forecast of India Grape Wine Market, 2030
• Historical Data and Forecast of India Grape Wine Revenues & Volume for the Period 2020-2030
• India Grape Wine Market Trend Evolution
• India Grape Wine Market Drivers and Challenges
• India Grape Wine Price Trends
• India Grape Wine Porter's Five Forces
• India Grape Wine Industry Life Cycle
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By Red Wine for the Period 2020-2030
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By White Wine for the Period 2020-2030
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By Rose Wine for the Period 2020-2030
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By Other for the Period 2020-2030
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By Commercial Consumption for the Period 2020-2030
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By Household Consumption for the Period 2020-2030
• Historical Data and Forecast of India Grape Wine Market Revenues & Volume By Other for the Period 2020-2030
• India Grape Wine Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Applications
• India Grape Wine Top Companies Market Share
• India Grape Wine Competitive Benchmarking By Technical and Operational Parameters
• India Grape Wine Company Profiles
• India Grape Wine Key Strategic Recommendations