Project Report For
The project report for wine industry is as follows.
This report offers a detailed overview of the Indian wine industry. The market has seen high growth due to rising trend of wines, increased expendable cash, increased intake of alcohol among women, etc. The market also has a great growth potential as all categories display a high growth rate. Wine in India is acquiring popularity as a popular drink and is being drunk on a variety of occasions, both at house and in restaurants / bars. Almost all of the buyers tend to drink at home with their families, that means that the public acceptance of wine among the Indian family is growing.
India Wine market has seen CAGR rise of even more than 25% between 2011-12 and 2016-18. The market has seen a strong growth in all sectors, because as Indian wine market was a really small market throughout that time. Increased awareness of wine and wine companies in India has been witnessed over the time. The vineyards have begun to become picnic spots and have guided tours and also tasting rooms. In India, Nashik in Maharashtra is recognized as the Napa Valley of India, although most of the nation ‘s famous vineyards are situated in this area. In India, Nashik in Maharashtra is recognized as the Napa Valley of India.
Market potential & Strategy
And over half of both the Indian wine plantations are found in Maharashtra. Many famous wine-growing areas are located throughout south India, Karnataka and a limited number of vineyards are present in Andhra Pradesh , Tamil Nadu and Himachal Pradesh.
The success of champagne, classified as sparkling wine, also is growing in India. People in India also begun to adopt the western culture of turning up Champlain on successful occasions, like negotiating new deals, gaining large profits, major parties, weddings, dinners, etc.
This has contributed to the rise of sparkling wine on the Indian Wine market and has improved revenues. The industry too has experienced the rise of white and rose wines in the past as new varieties and brands have become part of this group. The present Indian wine industry is controlled by Red wines, although future shoes will raise the market share of White, Sparkling and Rose wines.
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