Wine market size in India to grow by USD 688.16 million between 2022 and 2027; Growth driven by increasing use of online sales channels - Technavio

NEW YORK, March 13, 2023 /PRNewswire/ -- The wine market size in India is estimated to increase by USD 688.16 million between 2022 and 2027. The market's growth momentum will be progressing at a CAGR of 30.92%. The market is driven by factors such as the increasing use of online sales channels, the increasing application and demand for wine in the food industry, and the growing awareness regarding the health benefits of wine. The rising population of millennials worldwide is a key trend influencing the growth of the market. However, campaigns against alcohol consumption will challenge the growth of the market. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report - Request a sample report

Wine market in India – Vendor Analysis

The wine market in India is fragmented due to the presence of both established and regional players. The vendors in the market are competing in terms of service customization and price differentiation. They are also adding value-added technological services such as warehouse management systems, RFID-driven pallets, and Automated Storage & Retrieval Systems (AS/RS) in warehouses to increase their market shares.

Some of the few prominent vendors that offer wine in India include Big Banyan Wines, Century Wines Pvt. Ltd., Charosa Wineries Ltd., Chateau d Ori, Deccan Plateau Vineyards Pvt Ltd., Fratelli Wines Pvt. Ltd., Good Drop Wine Cellars Pvt Ltd., Grover Zampa Vineyards Ltd., John Distilleries Pvt. Ltd., KRSMA Estates Pvt. Ltd., Naveen Distillery, Nira Valley Grape Wines Ltd., Pernod Ricard SA, RENAISSANCE Winery Pvt. Ltd., SDU WINERY PVT LTD., The Tonia Group, Vallonne Vineyards Pvt. Ltd., York Winery Pvt Ltd., LVMH Moet Hennessy Louis Vuitton SE, and Sula Vineyards Ltd. and others.

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• Special coverage on the Russia-Ukraine war; inflation; recovery analysis from COVID-19; supply chain disruptions, trade tensions; and risk of recession
• competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Wine Market in India - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on type (domestic and imported) and product (red, fortified, white, and sparkling). 

• The market will witness significant growth in the domestic segment during the forecast period. The segment is primarily driven by the increasing import of wine. Another factor driving the growth of the segment is the rising consumer preferences for smooth, rare, and innovative flavors of wine.

For insights on growth opportunities across various segments - Download a Sample Report

Wine Market in India – Market Dynamics

Leading Drivers – 

The market is driven by the increasing use of online sales channels. Consumers are increasingly inclined toward online sales channels. This is encouraging vendors to target customers, improve operational efficiencies, and provide customized support. Also, the evolving landscape in the retail industry is enabling vendors to tap new growth opportunities by targeting new business segments and retaining old customers. All these factors are increasing the profit margins of vendors, which is fueling the growth of the market.

Key Trends – 

The rising population of millennials worldwide is identified as the key trend in the market. Millennials contribute to over 40% of the total working-age population in India. They have a high spending capacity and are enthusiastic to try out new variants and flavors. This is creating a huge growth opportunity for domestic players to expand their geographical presence and increase their customer base. This is also encouraging market vendors to introduce a variety of alcoholic beverages, including wine. This trend will have a positive influence on the growth of the market during the forecast period.

Major challenges – 

Campaigns against alcohol consumption is a major challenge affecting the growth of the market. Many regulatory and social organizations globally are launching various campaigns to create awareness against alcohol consumption. Besides, consumers are increasingly becoming aware of the benefits of maintaining a healthy lifestyle. This is increasing the consumer demand for healthy drinks and beverages with functional benefits. All these factors are reducing the growth potential in the market.

Driver, Trend, and Challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report.

What are the key data covered in this wine market in India report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the wine market in India between 2023 and 2027
• Precise estimation of the size of the wine market in India and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the wine market in India industry across India
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of wine market vendors in India

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Related Reports:

• The alcoholic drinks market is estimated to grow at a CAGR of 5.66% between 2022 and 2027 and the size of the market is forecast to increase by 88.96 billion liters. In 2017 the market size was at USD 233.9 billion liters. The growing popularity of the craft alcoholic drinks segment is a significant driver of the global alcoholic drinks market growth.
• The low-alcohol beverages market is estimated to grow at a CAGR of 4.1% between 2022 and 2027. The size of the market is forecast to increase by 6,204.25 million liters. Increasing health consciousness among consumers is notably driving the market growth.

Browse through Technavio's Consumer Staples Market Reports, ToC & LoE

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 07: Parent market
• Exhibit 08: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 09: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 10: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 11: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 12: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 13: Chart on India: Year-over-year growth 2022-2027 (%)
• Exhibit 14: Data Table on India: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Wine market in India 2017 - 2021 
• Exhibit 15: Historic Market Size – Data Table on Wine market in India 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 16: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 17: Historic Market Size – Product Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 25: Chart on Type - Market share 2022-2027 (%)
• Exhibit 26: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 27: Chart on Comparison by Type
• Exhibit 28: Data Table on Comparison by Type

• 6.3 Domestic - Market size and forecast 2022-2027
• Exhibit 29: Chart on Domestic - Market size and forecast 2022-2027 ($ million)
• Exhibit 30: Data Table on Domestic - Market size and forecast 2022-2027 ($ million)
• Exhibit 31: Chart on Domestic - Year-over-year growth 2022-2027 (%)
• Exhibit 32: Data Table on Domestic - Year-over-year growth 2022-2027 (%)

• 6.4 Imported - Market size and forecast 2022-2027
• Exhibit 33: Chart on Imported - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Imported - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Imported - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Imported - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 37: Market opportunity by Type ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 38: Chart on Product - Market share 2022-2027 (%)
• Exhibit 39: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 40: Chart on Comparison by Product
• Exhibit 41: Data Table on Comparison by Product

• 7.3 Red - Market size and forecast 2022-2027
• Exhibit 42: Chart on Red - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Red - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Red - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Red - Year-over-year growth 2022-2027 (%)

• 7.4 Fortified - Market size and forecast 2022-2027
• Exhibit 46: Chart on Fortified - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Fortified - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Fortified - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Fortified - Year-over-year growth 2022-2027 (%)

• 7.5 White - Market size and forecast 2022-2027
• Exhibit 50: Chart on White - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on White - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on White - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on White - Year-over-year growth 2022-2027 (%)

• 7.6 Sparkling - Market size and forecast 2022-2027
• Exhibit 54: Chart on Sparkling - Market size and forecast 2022-2027 ($ million)
• Exhibit 55: Data Table on Sparkling - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Chart on Sparkling - Year-over-year growth 2022-2027 (%)
• Exhibit 57: Data Table on Sparkling - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Product 
• Exhibit 58: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 60: Impact of drivers and challenges in 2022 and 2027

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 61: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 62: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 63: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 64: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 65: Matrix on vendor position and classification

• 11.3 Big Banyan Wines 
• Exhibit 66: Big Banyan Wines - Overview
• Exhibit 67: Big Banyan Wines - Product / Service
• Exhibit 68: Big Banyan Wines - Key offerings

• 11.4 Charosa Wineries Ltd. 
• Exhibit 69: Charosa Wineries Ltd. - Overview
• Exhibit 70: Charosa Wineries Ltd. - Product / Service
• Exhibit 71: Charosa Wineries Ltd. - Key offerings

• 11.5 Deccan Plateau Vineyards Pvt Ltd. 
• Exhibit 72: Deccan Plateau Vineyards Pvt Ltd. - Overview
• Exhibit 73: Deccan Plateau Vineyards Pvt Ltd. - Product / Service
• Exhibit 74: Deccan Plateau Vineyards Pvt Ltd. - Key offerings

• 11.6 Fratelli Wines Pvt. Ltd. 
• Exhibit 75: Fratelli Wines Pvt. Ltd. - Overview
• Exhibit 76: Fratelli Wines Pvt. Ltd. - Product / Service
• Exhibit 77: Fratelli Wines Pvt. Ltd. - Key offerings

• 11.7 Good Drop Wine Cellars Pvt Ltd. 
• Exhibit 78: Good Drop Wine Cellars Pvt Ltd. - Overview
• Exhibit 79: Good Drop Wine Cellars Pvt Ltd. - Product / Service
• Exhibit 80: Good Drop Wine Cellars Pvt Ltd. - Key offerings

• 11.8 Grover Zampa Vineyards Ltd. 
• Exhibit 81: Grover Zampa Vineyards Ltd. - Overview
• Exhibit 82: Grover Zampa Vineyards Ltd. - Product / Service
• Exhibit 83: Grover Zampa Vineyards Ltd. - Key offerings

• 11.9 John Distilleries Pvt. Ltd. 
• Exhibit 84: John Distilleries Pvt. Ltd. - Overview
• Exhibit 85: John Distilleries Pvt. Ltd. - Product / Service
• Exhibit 86: John Distilleries Pvt. Ltd. - Key offerings

• 11.10 LVMH Moet Hennessy Louis Vuitton SE 
• Exhibit 87: LVMH Moet Hennessy Louis Vuitton SE - Overview
• Exhibit 88: LVMH Moet Hennessy Louis Vuitton SE - Business segments
• Exhibit 89: LVMH Moet Hennessy Louis Vuitton SE - Key news
• Exhibit 90: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
• Exhibit 91: LVMH Moet Hennessy Louis Vuitton SE - Segment focus

• 11.11 Nira Valley Grape Wines Ltd. 
• Exhibit 92: Nira Valley Grape Wines Ltd. - Overview
• Exhibit 93: Nira Valley Grape Wines Ltd. - Product / Service
• Exhibit 94: Nira Valley Grape Wines Ltd. - Key offerings

• 11.12 Pernod Ricard SA 
• Exhibit 95: Pernod Ricard SA - Overview
• Exhibit 96: Pernod Ricard SA - Product / Service
• Exhibit 97: Pernod Ricard SA - Key offerings

• 11.13 RENAISSANCE Winery Pvt. Ltd. 
• Exhibit 98: RENAISSANCE Winery Pvt. Ltd. - Overview
• Exhibit 99: RENAISSANCE Winery Pvt. Ltd. - Product / Service
• Exhibit 100: RENAISSANCE Winery Pvt. Ltd. - Key offerings

• 11.14 SDU WINERY PVT LTD. 
• Exhibit 101: SDU WINERY PVT LTD. - Overview
• Exhibit 102: SDU WINERY PVT LTD. - Product / Service
• Exhibit 103: SDU WINERY PVT LTD. - Key offerings

• 11.15 Sula Vineyards Ltd. 
• Exhibit 104: Sula Vineyards Ltd. - Overview
• Exhibit 105: Sula Vineyards Ltd. - Product / Service
• Exhibit 106: Sula Vineyards Ltd. - Key offerings

• 11.16 Vallonne Vineyards Pvt. Ltd. 
• Exhibit 107: Vallonne Vineyards Pvt. Ltd. - Overview
• Exhibit 108: Vallonne Vineyards Pvt. Ltd. - Product / Service
• Exhibit 109: Vallonne Vineyards Pvt. Ltd. - Key offerings

• 11.17 York Winery Pvt Ltd. 
• Exhibit 110: York Winery Pvt Ltd. - Overview
• Exhibit 111: York Winery Pvt Ltd. - Product / Service
• Exhibit 112: York Winery Pvt Ltd. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 113: Inclusions checklist
• Exhibit 114: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 115: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 116: Research methodology
• Exhibit 117: Validation techniques employed for market sizing
• Exhibit 118: Information sources

• 12.5 List of abbreviations 
• Exhibit 119: List of abbreviations

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