PRN: INDIA: Optimism for Wine Reigns in India, Despite Barriers - Research
INDIA: Optimism for Wine Reigns in India, Despite Barriers - Research [25-April-2012] BROMSGROVE, England, April 25, 2012 /PRNewswire/ -- Wine consumption in India is expected to grow year-on-year and could reach 2.4m nine-litre cases by 2020, according to The IWSR.
INDIA: Optimism for Wine Reigns in India, Despite Barriers - Research
BROMSGROVE, England, April 25, 2012 /PRNewswire/ --
Wine consumption in India is expected to grow year-on-year and could reach 2.4m nine-litre cases by 2020, according to The IWSR.
In its recently-published India Wine Market Report, available through just-drinks, The IWSR notes that the wine market in India is currently small, with low per capita consumption compared to beer and spirits. Interest in wine, however, is growing.
"Wine is mainly enjoyed by the small population of travelled Indian businessmen, their foreign guests, tourists, and sometimes up-market women and cosmopolitan affluent youths," the research organisation says in its report. "Despite the difficulties of matching wine with Indian food, a cult enthusiasm is developing for wine consumption and it has become a more regular offering at launch parties, business receptions and sometimes weddings."
Hindrances to expansion of the wine market come in the form of a limited number of skilled importers, an underdeveloped infrastructure and retail system, and the costs of taxes and licences.
The market is starting to recover following a dip in 2009 and 2010, and long-term growth is anticipated, although this is dependent on the availability of sufficient good-quality grapes, the IWSR says.
The IWSR India Wine Market Report analyses the structure of consumption by country of origin, colour, format and price point; provides detailed information on the structure of the market, costs and taxes; and assesses the opportunities. The report includes brand sales data for 2006-2011 for still light wine and sparkling wine.
About the IWSR
The IWSR is the leading provider of data on wine, spirits and RTDs. The IWSR's database, essential to the industry, is used by all of the largest multinational wine and spirits companies, as well as many more local companies. The IWSR has a unique methodology which, by tapping into local country expertise, allows us to get closer to what is actually consumed and better understand how markets work. The IWSR conducts face-to-face interviews with 1,200 companies in 115 countries each year, with further input from 350 companies. The IWSR tracks overall consumption and trends at brand, quality and category level for wine, spirits and RTDs, and aims to provide data that is as accurate and detailed as possible.
Established in 1999, just-drinks is a leading online resource for global beverage industry, publishing around 20 news articles, analysis features and insights every working day. Under the direction of managing editor Olly Wehring, its experienced team of journalists, consultants and analysts provide a unique and comprehensive blend of reports and interpretation of the beverage industry, including key events, trends, interviews and research that is delivered to over 92,000 business executives per month.
Via its web site, webinars and in-depth management briefings just-drinks offers insight into soft drinks, wine, beer, liqueur and whiskies industry developments and supply-chain trends, brand and corporate strategies, CONSULT research platform, enterprise technologies such as PLM and ERP. Furthermore, just-drinks supplies news on manufacturing developments and how the drinking industry retailers perform around the world.
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