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Noida, Uttar Pradesh, India, 2011/02/02 - Wine consumption in India is expected to grow at a CAGR of around 30% during 2009 - 2013, says RNCOS in its latest research report.
According to our new research report “Indian Wine Industry Analysis”, the Indian Wine market has witnessed significant growth during the last few years and will continue to expand in future. The major driving force for the Indian wine market is the government’s favorable policies, increasing disposable income, and availability of foreign brands. It is expected that wine consumption in India will grow at a CAGR of around 30% during 2009-2013.
As per our research, the present wine consumption in India is very low, which indicates a huge growth potential in the Indian wine market during the coming years. Although, the major consumption of wine is for domestically produced cheap wines, the demand for foreign wines is also witnessing a significant growth pattern for the past few years. To cater to the growing demand for foreign wines, local players are including affordable imported wines in their product portfolios to attract new consumers.
Further our report elaborates, that the Tier-I cities like, Mumbai, Delhi, Bangalore etc., accounts for majority of the wine consumption in the country. However, as per our team of experts, in future, tier II and tier III cities will form a major part of wine consumption in the country.
Apart from this, we have also analyzed the emerging industry trends in the Indian wine market. Our report also analyzes factors critical to the success of the wine industry in India. It has also identified key players in the market and included their business description along with their recent activities.
Our report, “Indian Wine Industry Analysis” provides extensive research and rational analysis on the Indian wine market. Our research provides deep insight into India’s wine consumption and wine imports and exports of the country, along with their forecast and segmentation by region and type of wine. Our report also provides thorough analysis on the wine production in the country. Besides, the report highlights major wine producing areas, distribution channels, and leading wineries in India. In this way, the report presents a complete and coherent analysis of the Indian Wine industry, which will prove decisive for the clients.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.