In 2023, India imported Vermouth and other flavored grape wines in packs less than 2L valued at 110.5 thousand US dollars. From 2024 onwards, the forecast indicates a steady increase, with a year-on-year growth rate of 1.6% annually, reaching 120.21 thousand US dollars by 2028. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.87%.
Future trends to watch for include:
- Growing consumer interest in premium and exotic flavored wines, which could drive import demand.
- Potential fluctuation in import prices due to international trade policies and currency exchange rates.
- Increased competition from local winemakers producing similar flavored wines.