NEW YORK, Dec. 10, 2021 /PRNewswire/ — Technavio’s latest research report on the Wine Market In India offers a comprehensive analysis of new product launches, the latest trends, drivers, and challenges. The wine market share growth in India by the domestic segment will be significant for revenue generation. The demand for premium wine brands is increasing among consumers in India. Rising consumer preferences for smooth, rare, and innovative flavors of wine have increased, which has fostered the domestic production of wine. The rising demand for premium wine in recent years has led to an increase in the launch of innovative products.
The wine market in India is estimated to grow by USD 274.00 million from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 19.78% as per the latest report by Technavio.
For more insights on the wine market in India –Download a free sample report now!
Market Dynamics
Factors such as increasing use of online sales channels, increasing application and demand for wine in food industry will be crucial in driving the growth of the market. But the campaigns against alcohol consumption will restrict the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The wine market analysis report of India by Technavio also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
Company Profiles
The wine market in India is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The wine market in India report provides complete insights on key vendors including Chateau d Ori, Fratelli Wines Pvt Ltd., Good Drop Wine Cellars Pvt Ltd., Grover Zampa Vineyards Ltd., KRSMA Estates Pvt. Ltd., LVMH Moet Hennessy Louis Vuitton SE, Mandala Wines, RENAISSANCE Winery Pvt. Ltd., Sula Vineyards, and Vallonne Vineyards Pvt. Ltd.
Some Vendors with Key Offerings
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Chateau d Ori – The company offers a wide range of quality wines, such as red wine and more.
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Fratelli Wines Pvt Ltd. – The company offers a wide range of wines such as MS RED, SETTE, and many more.
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Good Drop Wine Cellars Pvt Ltd. – The company offers wines such as Casablanca Sparkling Wine, Frizzano Sparkling Wine, and others.
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Grover Zampa Vineyards Ltd. – The company offers premium wines such as Insignia, Chene, and many more.
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KRSMA Estates Pvt. Ltd. – The company offers a wide range of wines such as Cabernet Sauvignon, Chenin Blanc, and others.
Competitive Analysis
The competitive scenario provided in the wine market in India report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
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By sales type, the market is classified into domestic and imported.
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By wine type, the market is classified into red, fortified, white, and sparkling.
Related Reports –
Organic Wine Market –The organic wine market size is expected to grow by $ 5.23 bn and record a CAGR of 8% during 2020-2024. Download a free sample now!
Sparkling Wine Market –The sparkling wine market size is expected to grow by 14.07 mn L and record a CAGR of 1% during 2020-2024. Download a free sample now!
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Wine Market In India Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 19.78% |
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Market growth 2022-2026 |
USD 274.00 million |
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Market structure |
Fragmented |
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YoY growth (%) |
29.30 |
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Regional analysis |
India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Chateau d Ori, Fratelli Wines Pvt Ltd., Good Drop Wine Cellars Pvt Ltd., Grover Zampa Vineyards Ltd., KRSMA Estates Pvt. Ltd., LVMH Moet Hennessy Louis Vuitton SE, Mandala Wines, RENAISSANCE Winery Pvt. Ltd., Sula Vineyards, and Vallonne Vineyards Pvt. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
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Email: media@technavio.com
Website: www.technavio.com/
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