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

India Non-grape Wine Market Synopsis

India non-grape wine market is projected to witness a CAGR of 7.9% during the forecast period (2020 - 2026). The rising trend of consuming healthier alcoholic drinks, increasing acceptance and awareness about flavored wines, coupled with the growing disposable income in the urban centers are among some of the major factors driving growth for India non-grape wine market. Additionally, convenient packaging solutions such as cans or PET bottles has also witnessed an increased demand among millennials due to its portability factor.

Drivers of the Market:

1) Increasing Acceptance & Awareness About Flavored Wines: The presence of various flavors available in non-grape wines such as apple cider, peach melba and blueberry has been gaining traction amongst consumers owing to its unique flavor profile and wide range offerings provided by manufacturers. This in turn is expected to drive demand for these products over their grape counterparts across India during 2020 ? 2026.

2) Growing Disposable Income In Urban Centers: With increase in employment opportunities along with higher amount of salary packages being offered by employers have resulted into significant growth in disposable incomes amongst people living in urban areas leading to rise in spending capacities on luxuries like alcohol/wine products including non-grape variants which will further push up sales volumes from 2020 onwards throughout India.

Challenges of the Market:

High Cost Of Non Grape Wine Varieties As Compared To Regular Wine Products: Despite introduction of various flavors and additives used while manufacturing flavored beers/wines at affordable prices than regular ones there still exist a gap between cost incurred while producing both types leading customers choosing cheaper conventional grape wines despite their lower health benefits over their alternative counterparts resulting into reduced customer base thus posing challenge towards overall growth prospects within industry throughout forecast timeframe i.e., 2020 ? 2026 .

Trends of the Market:

Introduction Of New Flavors By Manufacturers For Non Grape Wines : Leading players operating within industry have started introducing new flavors such as strawberry basil or ginger lime etcetera at attractive price points so that they could efficiently target larger consumer base thereby pushing up overall sales across country till end of year 2026.

The COVID - 19 Impact on the Market:

The pandemic situation had led to complete lockdown across entire nation impacting hospitality sector followed by ban imposed on sale liquor stores resulting into immense decline production levels and revenues garnered from this segment however since re opening bars restaurants other businesses post June month saw improvement consumer sentiment.

Key Highlights of the Report:

• India Non-grape Wine Market Outlook
• Market Size of India Non-grape Wine Market, 2023
• Forecast of India Non-grape Wine Market, 2030
• Historical Data and Forecast of India Non-grape Wine Revenues & Volume for the Period 2020-2030
• India Non-grape Wine Market Trend Evolution
• India Non-grape Wine Market Drivers and Challenges
• India Non-grape Wine Price Trends
• India Non-grape Wine Porter's Five Forces
• India Non-grape Wine Industry Life Cycle
• Historical Data and Forecast of India Non-grape Wine Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of India Non-grape Wine Market Revenues & Volume By Fermented Fruit Wine for the Period 2020-2030
• Historical Data and Forecast of India Non-grape Wine Market Revenues & Volume By Distilled Fruit Wine for the Period 2020-2030
• Historical Data and Forecast of India Non-grape Wine Market Revenues & Volume By Preparation Fruit Wine for the Period 2020-2030
• Historical Data and Forecast of India Non-grape Wine Market Revenues & Volume By Sparkling Fruit Wine for the Period 2020-2030
• Historical Data and Forecast of India Non-grape Wine Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of India Non-grape Wine Market Revenues & Volume By Household for the Period 2020-2030
• Historical Data and Forecast of India Non-grape Wine Market Revenues & Volume By Commercial for the Period 2020-2030
• India Non-grape Wine Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• India Non-grape Wine Top Companies Market Share
• India Non-grape Wine Competitive Benchmarking By Technical and Operational Parameters
• India Non-grape Wine Company Profiles
• India Non-grape Wine Key Strategic Recommendations