Based on the forecast data, imports of Fortified Wine or Must to India are projected to rise steadily from 2024 to 2028, with imports increasing from 14.347 million USD in 2024 to 16.694 million USD in 2028. This represents a compound annual growth rate (CAGR) of approximately 3.88% over the five-year period. With data up to 2023 not provided, a direct year-on-year comparison isn't possible, but the forecast indicates consistent growth in imports.
Future trends to watch for:
- Increasing consumer demand for premium and diverse alcoholic beverages as disposable income and urbanization rise in India.
- Potential impact of changes in government import policies or tariffs, which could affect import volumes and pricing.
- Influence of global wine market trends and production levels on the supply and costs of imports.
- The impact of cultural shifts and marketing strategies on consumer preferences toward fortified wines.