India Alcoholic Beverages Industry Experiences 10 % Growth Now, Says IS Advisors02 Jul 2012 • by Natalie Aster
India has been importing wines mainly from France, Italy, Australia, Singapore, USA and UK. Australia has performed well in recent years, with the highest volume in three out of four years between 2007 and 2010. By value, France has traditionally led the field, with Australia in second or third place.
There is a big cultural shift in wine by being seen as a life style product rather than an alcohol. Drinking wine as a lifestyle choice is catching up very fast. Also, influence of western cultures has given a new turn to the wine consumption pattern in India. Alcoholic beverages industry is experiencing a growth of over 10 percent in the recent years. In that, white spirit such as gin and vodka are leading. Beer is also growing at around 12 percent during the same period. But major shift in the growth is seen to be happening in wine. According to the report “Wine Industry in India (2011-15)” by IS Advisors, during the same period Indian wine industry has registered a compounded annual growth rate (CAGR) of over 25 to 30 percent.
Wine Industry in India (2011-15)
Published: June, 2012
Price: US$ 500,00
Indian wine culture is breaking free from rich and elite people to reach out to the middle-class. As more and more Indians travel overseas, adopt new lifestyle patterns and yearn for the good things in life, domestic wine consumption too will correspondingly increase.
More information can be found in the report “Wine Industry in India (2011-15)” by IS Advisors).
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