Industry Report on India Wine Market Overview to 2016

Market reports on India presents the latest report on “Industry Report on India Wine Market Overview to 2016” http://www.marketreportsonindia.com/food-beverages-market-research-reports-13635/india-wine1.html The growth in organized market was much higher than that of unorganized market which in turn increased its market share.

19th Feb 2016, – Navi Mumbai, India: Market reports on India presents the latest report on “Industry Report on India Wine Market Overview to 2016”. Global travel and experience of other countries where drinking wine is a part of the lifestyle are also helping to drive the sales of wine in India.

The India wine industry has extended significantly over the years. Indians, comparative to other Western countries, barely consume wine; they prefer to have liquor which has a higher percentage of alcohol. But changing habits of Indians in drinking have, among other things, changed fortunes of the wine industry in India. The prospect of wine consumption in the country is very positive and expected to be high in the next few years. In India, much of the wine is made in the unorganized sector. The growth in organized market was much higher than that of unorganized market which in turn increased its market share. Organized market consists of retail stores, standalone stores, pubs and hotels that serve branded wines.

“India Wine Market Overview”, India’s wine market was growing with a CAGR of 16.29% over a period of four years.Favorable and promotional government policies, higher disposable incomes and growth in foreign tourists are some of the reasons for such growth. Global travel and experience of other countries where drinking wine is a part of the lifestyle are also helping to drive the sales of wine in India. Some popular wines in the country are Reveilo, La Reserve, Sante, Sula Red, Ivy Shiraz, Nine Hills, Riviera Blanc, and Chantilli and Marquise de Pompadour. Sales are largely of domestic wines, as imported wines suffer from high retail...