PROSPECTS AND OPPORTUNITIES
Premiumisation and health trends to drive future growth
Fine wines/champagne and spirits in India is poised to benefit significantly from ongoing premiumisation trends over the forecast period. As Indian consumers continue to seek aspirational lifestyles and elevated drinking experiences, there is a growing willingness to invest in higher-priced, quality offerings within these categories.
Luxury brands to focus on heritage and cross-category collaborations
Leading companies in fine wines/champagne and spirits in India are expected to increasingly focus on enhancing consumer engagement through storytelling, sustainability, and innovation in the coming years. Brands will likely deepen their emphasis on celebrating heritage by incorporating heritage-inspired packaging and limited-edition releases that pay homage to their origins.
Growing sales via off-trade but on-trade will remain important for discovery
Innovations in fine wines and spirits will continue to be prominently showcased through the on-trade channel, particularly within luxury hotel and restaurant settings, as well as in the growing number of fashionable bars across India. These bars encourage customers to experiment with the rising mixology trend, offering unique and premium experiences.
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Overview:
Understand the latest market trends and future growth opportunities for the Fine Wines/Champagne and Spirits industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Fine Wines/Champagne and Spirits industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Fine Wines/Champagne and Spirits in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Fine Wines/Champagne and Spirits in India?
- Which are the leading brands in Fine Wines/Champagne and Spirits in India?
- How are products distributed in Fine Wines/Champagne and Spirits in India?
- How important is tourism in evaluating demand for Fine Wines/Champagne and Spirits in India?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Fine Wines/Champagne and Spirits in India - Category analysis
KEY DATA FINDINGS
Premium beverages drive growth through exclusivity and wellness trends
International, well-regarded luxury brands lead fine wines/champagne and spirits
Rising demand for unique experiences and boutique offerings
Premiumisation and health trends to drive future growth
Luxury brands to focus on heritage and cross-category collaborations
Growing sales via off-trade but on-trade will remain important for discovery
Luxury Goods in India - Industry Overview
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
DISCLAIMER
The following categories and subcategories are included:
Fine Wines/Champagne and Spirits
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- Fine Champagne
- Other Fine Wine
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- Luxury Brandy and Cognac
- Luxury Whiskies
- Other Luxury Spirits
Fine Wines/Champagne and Spirits
This is the aggregation of fine wines and luxury spirits.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Fine Wines/Champagne and Spirits research and analysis database.
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