Wine Market Exhibits 27% CAGR Growth

Wine market in India is projected to grow at a CAGR of around 27% during 2011-2014, driven by increasing wine consumption despite rising prices in the country, RNCOS acknowledged.

Noida, India (prHWY.com) April 20, 2012 - Wine consumption in India is growing at a rapid pace. With the growing demand, distribution channels are also being improved so as to reach the potential consumer base in the Indian wine market. In India, on-trade is the most significant distribution channel as it accounts for the majority share in the volume sales and the industry experts opine that very soon liqor products will be one of the fastest moving categories in modern retailing. As alcohol and wines complement each other, the food and grocery assortment of modern retail stores are vital offerings to the customers. Further, a new research report by RNCOS, "Indian Wine Industry Analysis", says that the share of modern retail will be propelled in the coming years through wine sales.

India is one of the most lucrative markets for the wine industry at the global front. With a vast population of around 1.2 Billion, the consumption of wine in India remains comparatively low against other Asian countries. The low per capita consumption level of wine indicates a huge untapped market with an immense growth potential. Changing lifestyle and drinking habits are expected to propel the growth of the Indian wine industry.

As per our research, various state-level governments are encouraging wineries to support domestic wine producers, who had been affected due to economic slowdown. Investments and expansion plans of major players will fuel the growth in the industry as they will increase the production capacity as well as the overall availability of wine in the country.

The report prudently evaluates the factors critical to the success of the Indian wine industry along with a snapshot of business statistics of key players in the wine market. The section sheds light into the emerging industry trends, and examines the existing market constraints. Forecasts for wine consumption and an overall knowledge of the market is provided in the research to facilitate clients into devising strategic investment decisions.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM296.htm

Some of our Related Reports are:

- US Wine Market Outlook 2014 (http://www.rncos.com/Report/IM334.htm)
- Indian Fast Food Market Analysis (http://www.rncos.com/Report/IM264.htm)
- US Fast Food Market Forecast to 2014 (http://www.rncos.com/Report/IM333.htm)
- China Fast Food Market Analysis (http://www.rncos.com/Report/IM295.htm)
- Global Food Safety Testing Market Analysis (http://www.rncos.com/Report/IM287.htm)

Check Related REPORTS on: http://www.rncos.com/Food&Beverages.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india wine market

Categories: Food And Beverage

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