India - Wine Production and Trade Update 2019

Country:
India

Report Highlights:
FAS Mumbai forecasts 2019 wine production to rise by 5 percent to 17.6 million liters as this year’s monsoon season is expected to support higher yields. Rising production is fueled by growing wine consumption supported by changing beverage preferences and trends. Despite high tariffs, wine imports registered a 14 percent growth (by value) from last year reflecting evolving Indian consumer pallets over the past decade. The Indian wine sector will continue to expand but its potential is constrained by excise taxes, licensing processes, complex distribution procedures, poor handling and storage options, competition from whiskey and limited advertising options.

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Wine Production and Trade Update_New Delhi_India_8-7-2019.pdf852.14 KB