Market Forecast By Product Types (Still Wine, Sparkling Wine, Dessert Wine, Fortified Wine), By Colors (Red Wine, Rose Wine, White Wine, Other Colors), By Distribution Channel (Offline , Online ) And Competitive Landscape
Product Code: ETC018824 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Wine market currently, in 2023, has witnessed an HHI of 2016, Which has decreased slightly as compared to the HHI of 2469 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | India Wine Market Report |
Forecast period | 2025-2031 |
CAGR | 8.3% |
Growing Sector | Premium and Luxury |
India Wine Market report thoroughly covers the market by Product Types, by colors and by distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The India Wine Market has experienced significant growth in recent years, driven by changing consumer preferences and increasing urbanization. With an expanding middle class and a shift toward premium lifestyle choices, wine consumption has steadily risen, particularly among younger and more affluent demographics. The growth is also fueled by greater exposure to global wine trends and an increase in wine tourism within India. States like Maharashtra and Karnataka have emerged as key wine-producing regions, supported by favourable policies and investments from both domestic and international players. This evolving market is expected to continue on an upward trajectory, bolstered by rising awareness about wine culture and improving distribution networks across the country.
According to 6Wresearch, the India Wine Market is projected to grow at a CAGR of 8.3% during the forecast period 2025-2031. This robust growth forecast is attributed to increasing disposable incomes, a rising inclination toward social drinking, and the growing influence of Western culture on Indian consumers. Additionally, technological advancements in viticulture and winemaking, coupled with supportive government initiatives in wine-producing states, are expected to further drive the market. The expansion of e-commerce platforms and greater accessibility to a wide range of domestic and international wine brands are also significant contributors to this trend.
However, the India wine market faces several challenges that could hinder its growth. One major hurdle is the complex regulatory environment, with varying taxation policies and stringent alcohol distribution laws across states, which often make it difficult for wine producers and distributors to operate seamlessly. Additionally, the cultural stigma around alcohol consumption in certain regions and among specific demographics poses a significant barrier to market penetration. Other challenges include the high cost of production due to limited availability of quality grape varieties and the predominance of traditional alcoholic beverages such as beer and spirits, which continue to dominate consumer preferences. Addressing these challenges will require concerted efforts from both industry stakeholders and policymakers to sustain the projected growth trajectory.
Several notable trends are shaping the India wine market growth. The rising popularity of premium and artisanal wine brands, driven by increasing disposable incomes and evolving consumer tastes, is a key trend. Millennials and urban professionals are leading this shift, showing a growing preference for wines over traditional alcoholic beverages as part of a sophisticated lifestyle. Furthermore, the surge in e-commerce platforms has made wine more accessible to consumers, allowing for convenient purchasing options and exposure to a diverse range of domestic and international labels. Wine tourism is also emerging as an influential trend, with vineyards and wineries in states like Maharashtra and Karnataka becoming sought-after travel destinations, further promoting wine culture. These dynamics indicate a gradual yet steady transformation fueled by innovation, education, and lifestyle changes.
India wine Industry presents a multitude of investment opportunities driven by its steady growth and evolving consumer base. Investors can explore ventures in premium wine production, focusing on quality and exclusivity to cater to the rising demand for artisanal and luxury products. Additionally, the expansion of wine tourism offers potential for investing in vineyard infrastructure, boutique wineries, and hospitality services to attract both domestic and international tourists. The growing prominence of e-commerce also provides scope for developing specialized online platforms or partnering with existing players to increase market reach. Furthermore, educational initiatives promoting wine culture, such as wine-tasting events and courses, present an avenue for collaboration, enhancing consumer awareness and loyalty. With these diverse opportunities, stakeholders who align with emerging trends and invest strategically can tap into this promising market.
The India wine market features several leading players that have significantly contributed to its growth and development. Key domestic brands such as Sula Vineyards, Grover Zampa, and Fratelli Wines dominate the industry with their diverse portfolios, innovative winemaking techniques, and strong distribution networks. Additionally, international brands like Jacob's Creek, Moët Hennessy, and Yellow Tail have established a presence, catering to the demand for imported and premium wines. These major players continue to shape the market by introducing new products, enhancing consumer experiences, and promoting wine culture through events and collaborations. Their efforts collectively drive the industry's expansion and position India as an emerging player in the global wine landscape.
Government regulations play a crucial role in shaping the growth trajectory of the India Wine Market. Policies surrounding taxation, licensing, and alcohol distribution often vary across states, creating a complex regulatory framework that both challenges and incentivizes stakeholders. Initiatives such as lower excise duties on wine compared to spirits and government support for vineyard development have positively impacted the industry. Additionally, schemes promoting agricultural practices and export incentives further encourage the growth of the wine sector. However, limitations such as stringent advertising restrictions and inconsistent state policies remain hurdles that the industry must address to unlock its full potential. Streamlining regulations and fostering a supportive policy environment will be pivotal in sustaining the market's expansion.
India Wine Industry is poised for significant growth, driven by evolving consumer preferences, rising disposable incomes, and increasing awareness of wine culture. The youth demographic, in particular, is showing a greater inclination toward experimenting with wine as a lifestyle beverage, contributing to its rising popularity. Furthermore, advancements in viticulture techniques, collaborations with international brands, and the expansion of wine tourism are expected to play a crucial role in bolstering the market. With the potential for an enhanced regulatory environment and targeted marketing strategies, the industry is well-positioned to tap into new opportunities and establish India as a key player in the global wine market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Prakhar, Senior Research Analyst, 6Wresearch, Still Wine dominates the India Wine Market Share due to its affordability and widespread availability compared to other types, making it a popular choice among consumers. Additionally, Still Wine appeals to a broader audience as it is often considered versatile and pairs well with a range of cuisines.
Red Wine is the leading category by color in the India Wine Market. Its dominance can be attributed to the growing perception of red wine as a healthier option due to its antioxidant properties, as well as its ability to complement rich Indian dishes.
The Offline Channel continues to dominate wine distribution in India. Retail outlets, liquor stores, and supermarkets are the primary points of purchase, providing customers with a tangible selection experience and immediate availability.
The report provides a detailed analysis of the following market segments:
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 Wine Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Wine Market Revenues & Volume, 2021 & 2031F |
3.3 India Wine Market - Industry Life Cycle |
3.4 India Wine Market - Porter's Five Forces |
3.5 India Wine Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 India Wine Market Revenues & Volume Share, By Colors, 2021 & 2031F |
3.7 India Wine Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Wine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Wine Market Trends |
6 India Wine Market, By Types |
6.1 India Wine Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 India Wine Market Revenues & Volume, By Product Types, 2021 - 2031F |
6.1.3 India Wine Market Revenues & Volume, By Still Wine, 2021 - 2031F |
6.1.4 India Wine Market Revenues & Volume, By Sparkling Wine, 2021 - 2031F |
6.1.5 India Wine Market Revenues & Volume, By Dessert Wine, 2021 - 2031F |
6.1.6 India Wine Market Revenues & Volume, By Fortified Wine, 2021 - 2031F |
6.2 India Wine Market, By Colors |
6.2.1 Overview and Analysis |
6.2.2 India Wine Market Revenues & Volume, By Red Wine, 2021 - 2031F |
6.2.3 India Wine Market Revenues & Volume, By Rose Wine, 2021 - 2031F |
6.2.4 India Wine Market Revenues & Volume, By White Wine, 2021 - 2031F |
6.2.5 India Wine Market Revenues & Volume, By Other Colors, 2021 - 2031F |
6.3 India Wine Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Wine Market Revenues & Volume, By Offline, 2021 - 2031F |
6.3.3 India Wine Market Revenues & Volume, By Online, 2021 - 2031F |
7 India Wine Market Import-Export Trade Statistics |
7.1 India Wine Market Export to Major Countries |
7.2 India Wine Market Imports from Major Countries |
8 India Wine Market Key Performance Indicators |
9 India Wine Market - Opportunity Assessment |
9.1 India Wine Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 India Wine Market Opportunity Assessment, By Colors, 2021 & 2031F |
9.3 India Wine Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Wine Market - Competitive Landscape |
10.1 India Wine Market Revenue Share, By Companies, 2024 |
10.2 India Wine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |