India Wine Market Size & Outlook, 2020-2028
India wine market, 2016-2028 (US$M)
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India wine market highlights
- The India wine market generated a revenue of USD 486.2 million in 2020 and is expected to reach USD 1,314.3 million by 2028.
- The India market is expected to grow at a CAGR of 13.2% from 2021 to 2028.
- In terms of segment, table wine was the largest revenue generating product in 2020.
- Sparkling Wine is the most lucrative product segment registering the fastest growth during the forecast period.
Wine market data book summary
| Market revenue in 2020 | USD 486.2 million |
| Market revenue in 2028 | USD 1,314.3 million |
| Growth rate | 13.2% (CAGR from 2020 to 2028) |
| Largest segment | Table wine |
| Fastest growing segment | Sparkling Wine |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Table Wine, Dessert Wine, Sparkling Wine |
| Key market players worldwide | Asahi Group Holdings Ltd, The Wine Group, Accolade Wines, Constellation Brands Inc Class A, Treasury Wine Estates Ltd, Pernod Ricard SA |
Other key industry trends
- In terms of revenue, India accounted for 0.1% of the global wine market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China wine market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,314.3 million by 2028.
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Wine Market Scope
Wine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India wine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wine market will help companies and investors design strategic landscapes.
Table wine was the largest segment with a revenue share of 95.68% in 2020. Horizon Databook has segmented the India wine market based on table wine, dessert wine, sparkling wine covering the revenue growth of each sub-segment from 2016 to 2028.
The large young population, increasing urbanization, and the perception of wine as a ‘status symbol are factors expected to drive the market in India. The growing acceptance and preference for wine among the upper and middle classes is also providing a boost to the market.
Along with that, excessive exposure to new cultures, western concepts, overseas education, and rapidly changing demography are driving wine consumption in the country. Wines are making their way into functions, events, and marriages, and are a particularly popular gift for status-conscious Indian consumers.
India has its own domestic wine industry too, with Sula Vineyards, Chateau Indage, and Grover Vineyards being among the top Indian vineyards and wineries. Collectively, they hold 90% of the domestically produced wine market and are perceived to offer ‘better value for money’.
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Our clientele includes a mix of wine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India wine market , including forecasts for subscribers. This country databook contains high-level insights into India wine market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India wine market size, by product, 2016-2028 (US$M)
India Wine Market Outlook Share, 2020 & 2028 (US$M)
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