Embedded Files
IMARC Group, a leading market research company, has recently releases report titled “India Wine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the India wine market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Indian wine market?
How big is the Indian wine market?
The Indian wine market size reached US$ 164.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 477.9 Million by 2028, exhibiting a growth rate (CAGR) of 18.9% during 2023-2028.
What is wine?
What is wine?
Wine is a brewed alcoholic beverage that is composed through harvesting, pressing, purifying, and fermenting sugary juice extracted from crushed grapes. It mainly consists of water and a certain percentage of alcohol by volume (ABV) to create its various fortified versions. During their production and aging phase, wine is incorporated with additional components, including residual sugar (RS), glycerol, acids, phenolics (anthocyanins and tannins), and aromatic compounds, such as esters, pyrazines, terpenes, thiols, and lactones. These ingredients offer wine a refreshing taste and protect it from spoilage by mitigating enzymatic browning.
Wine can also be combined with other compounds, including iron, magnesium, and potassium, which may be traced back to the grapes or the yeast. Wine is a rich source of antioxidants that can help treat the common cold, regulate blood sugar, lower cholesterol levels, reduce cancer risk, and protect against cell damage. Apart from this, wine enhances the taste of meals and decreases depression and anxiety by providing a relaxing experience; thus, it can be moderately consumed directly or extensively used as a key ingredient in diverse dishes.
Request for a free sample copy of this report: https://www.imarcgroup.com/india-wine-market/requestsample
What are the growth prospects and trends in the Indian wine industry?
What are the growth prospects and trends in the Indian wine industry?
One of the prime factors driving the India wine market is the growing consumption of various alcoholic beverages. In line with this, the increasing demand for premium drinks and the emerging trend of socializing at restaurants and bars, especially amongst the younger demographics during social gatherings and events, are acting as another growth-inducing factor. Moreover, the large-scale product utilization in cooking applications to intensify the flavor and aroma of finished dishes is supporting the market growth. Additionally, rising consumer awareness regarding the numerous health benefits associated with the moderate consumption of wine, such as preventing circulatory and heart diseases like atherosclerosis, coronary heart disease, heart attack, failure, and stroke, is favoring the market growth. Furthermore, the extensive usage of distinct biotechnological approaches, including a two-step process to brew wine twice by adding sugar and yeast, is propelling the market growth.
This is further supported by the advent of marijuana-infused, gluten-free, or organic, chemical-free wines with higher concentrations of antioxidants. Besides this, the escalating efforts made by key players to ensure product availability across diverse online distribution channels to increase the profit margins of wine vendors and cater to the constantly evolving consumer preferences are supporting the market growth. Other factors, including continuous celebrity endorsements, the ongoing premiumization of wine manufactured with high-quality ingredients, and the fueling product accessibility in effective packaging solutions, are positively stimulating the market growth. Looking forward, the market value is projected to reach US$ 477.9 Million by 2028, expanding at a CAGR of 18.9% during 2023-2028.
What is included in market segmentation?
What is included in market segmentation?
The report has segmented the market into the following categories:
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:
Off-Trade
Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others
On-Trade
Breakup by Region:
North India
West and Central India
South India
East India
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=6314&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
Page updated
Google Sites
Report abuse