The import of vermouth and other flavored grape wines in packs less than 2L to India is projected to rise consistently from 2024 to 2028. Starting at 48.3 thousand kilograms in 2024, it is expected to reach 54.19 thousand kilograms by 2028. The year-on-year growth rates indicate a steady increase, with the compound annual growth rate (CAGR) for this period reflecting a sustained upward trend. In 2023, the imports stood below the forecasted 2024 figures, reflecting positive growth momentum.
Future trends to watch for:
- Changes in consumer preferences towards flavored wines.
- Trade agreements affecting import regulations and duties.
- Economic factors influencing purchasing power and demand for imported goods.
- Potential market expansion within India for premium wine categories.
