INDIA WINE MAKERS AND IMPORTERS EYE POTENTIALLY HUGE NASCENT MARKET
September 30th, 2022
India's nascent wine market is dominated by domestic brands trying to overcome low awareness about wine among Indian consumers, while dealing with high taxation and cumbersome trading regulations. However, these wine companies are confident of achieving high sales growth in the short and medium term, with market projections looking healthy, even if they vary widely.
According to figures released by GlobalData (which owns Just Food), wine sales in India will grow from Indian Rupees INR42.5 billion (USD544 million) in 2022 to INR71.7 billion (USD919 million) in ...
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