The export of sparkling grape wines from India has shown notable fluctuations over the past decade, with values starting at 3.3284 Million USD in 2013 and growing to 9.277 Million USD in 2023. The year-on-year growth exhibited a high peak of 458.24% in 2013 but faced various dips, notably a -33.09% reduction in 2014 and an 11.4% drop in 2020. Nonetheless, the market rebounded, achieving a steady growth rate of 5.3% in 2023. The average CAGR over the past five years stands at 6.3%.
Key trends to monitor include:
- Continuous growth projected with a forecasted 5-year CAGR of 3.66% and an overall forecasted growth rate of 19.66% by 2028.
- Potential impact of global economic shifts and consumer preferences on export volumes.
- The effect of trade policies and agreements on market expansion and accessibility.
Future trends to watch for include increasing global demand for premium wines, evolving trade agreements, and technological advancements in production and export facilitation that could further boost India's sparkling wine exports.
