The grape market size measured in volume in India showed fluctuating trends from 2014 to 2023. The market exhibited steady growth from 2.25 Million Metric Tons in 2014 to 2.61 Million Metric Tons in 2023, though market dynamics saw variations. Notably, 2023 experienced a year-on-year increase of 0.85%. The compound annual growth rate (CAGR) over the past 5 years leading up to 2023 was 0.63%, indicating modest but consistent growth.
For subsequent years, from 2024 to 2028, the market is forecasted to continue its growth trajectory, with a projected 5-year CAGR of 0.6% and an overall growth rate of 3.04%. This steady growth indicates a resilient market likely driven by increasing demand and favorable agricultural conditions.
Future trends to watch for include technological advancements in grape cultivation, shifts in consumer preferences, and potential impacts from climate change. Additionally, policies related to agricultural subsidies and international trade agreements could play significant roles in shaping the grape market in India.
