Noida, India (PressExposure) November 13, 2009 -- India has emerged as one of the fastest growing markets for wine consumption on the global map. With a population base of over 1.1 Billion, the consumption of wine is extremely low, indicating vast potential for future growth. Besides low consumption level, various other factors such as increasing disposable income, amplified wine marketing and influence of western cultures have given a new turn to the wine consumption pattern in India. Considering all these transformations at individual and industrial levels, wine consumption is forecasted to grow at a CAGR of around 28% during 2009-2012, says our new research report âIndian Wine Industry Forecast to 2012â.
We have done thorough analysis of the Indian wine market to cover various industry aspects in order to derive its future trends and growth potential. Our study finds that the wine market is largely dominated by domestically produced wine and imports account for a less share in the total consumption. This study extensively covers each factor that is partially encouraging the domestic wine industry.
We believe that sales of domestic wines will continue to dominate the Indian wine market over the forecast period, but high growth will also be seen in the consumption of imported wine. Our research anticipates that the consumption of imported wines will rise at a CAGR of around 32% during 2009-2012, well above the industryâs overall growth. Various factors driving growth in imported wine consumption have been extensively covered in the report.
âIndian Wine Industry Forecast to 2012â contains well-structured information, data, objective analysis and expertsâ views about the wine market in India. The report gives deep insight into the consumption of wine in terms of domestic or imported wines, price structure, sales by location, type of wine consumed and a possible regional segmentation. It also highlights market trends and developments responsible for growth in the Indian wine market over the forecast period. Besides, the report provides analysis of wine production, wine exports and wine imports in the country.
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