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Country Report

Fine Wines/Champagne and Spirits in

Fine Wines/Champagne and Spirits in India

16 pages, Feb 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Increasing exposure to fine wines/champagne and spirits driving growth

Exposure to fine wines/champagne and spirits brands continued to increase among Indian consumers over the review period. The primary reason for growing awareness of these brands is the fact that Indians are travelling abroad more than ever before.

Price polarisation between luxury and regular brands limiting growth

There is a major difference in the prices of luxury and regular wines/champagne and spirits brands. A prime reason for this is the high import duties levied on fine wines/champagne and spirits by the government.

Demand to remain limited to higher income consumers with taste for fashion

Older middle-income consumers may also perceive spending large amounts on smaller items such as sun glasses to be reckless. As a result, demand for such products remains limited to fashion conscious higher income or middle-aged populations.

COMPETITIVE LANDSCAPE

Fine wines/champagne and spirits remains highly fragmented

Fine wines/champagne and spirits in India is still highly fragmented, with “others” accounting for a high portion of sales. Products in this area are much more accessible in terms of price and availability in physical stores compared to other luxury goods such as luxury jewellery or luxury leather goods.

Preference for cheaper less aged products in India

Although aged fine wines/champagne and spirits are known for their higher quality, due to pricing Scotch which is less than 17 years-old is most popular. For higher aged products, consumers tend to find the price more appealing in duty-free shops.

Consumers often prefer to purchase luxury products abroad

Another major factor deterring growth within fine wines/champagne and spirits is the huge amount of import duties associated with products in this area. Currently, import duties on fine wines/champagne and spirits are very high and also depend on the country of origin.

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Overview

Why 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.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Fine Wines/Champagne and Spirits industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Fine Wines/Champagne and Spirits industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Fine Wines/Champagne and Spirits in India market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Fine Wines/Champagne and Spirits in India?
What are the major brands in India?
How dynamic is the growth of Fine Wines/Champagne and Spirits internet sales?
What is driving growth?

Why 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 function

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Fine Wines/Champagne and Spirits in India - Category analysis

HEADLINES

PROSPECTS

Increasing exposure to fine wines/champagne and spirits driving growth

Price polarisation between luxury and regular brands limiting growth

Demand to remain limited to higher income consumers with taste for fashion

COMPETITIVE LANDSCAPE

Fine wines/champagne and spirits remains highly fragmented

Preference for cheaper less aged products in India

Consumers often prefer to purchase luxury products abroad

CATEGORY DATA

Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2012-2017
Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2012-2017
Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2012-2016
Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2013-2016
Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2012-2017
Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2017-2022
Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2017-2022

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Luxury goods continues to register good growth in India

Growth driven by rise in number of consumers interested in luxury brands

Luxury car manufacturers dominate luxury goods value sales

Store-based retailing remains dominant channel for luxury goods

Demand for luxury goods expected to remain strong

MARKET INDICATOR

Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2012-2017
Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Fine Wines/Champagne and Spirits in India

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Increasing exposure to fine wines/champagne and spirits driving growth

Price polarisation between luxury and regular brands limiting growth

Demand to remain limited to higher income consumers with taste for fashion

COMPETITIVE LANDSCAPE

Fine wines/champagne and spirits remains highly fragmented

Preference for cheaper less aged products in India

Consumers often prefer to purchase luxury products abroad

Overview

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Samples (FAQs about samples):

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Table of Contents

Fine Wines/Champagne and Spirits in India - Category analysis

HEADLINES

PROSPECTS

Increasing exposure to fine wines/champagne and spirits driving growth

Price polarisation between luxury and regular brands limiting growth

Demand to remain limited to higher income consumers with taste for fashion

COMPETITIVE LANDSCAPE

Fine wines/champagne and spirits remains highly fragmented

Preference for cheaper less aged products in India

Consumers often prefer to purchase luxury products abroad

CATEGORY DATA

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

Luxury goods continues to register good growth in India

Growth driven by rise in number of consumers interested in luxury brands

Luxury car manufacturers dominate luxury goods value sales

Store-based retailing remains dominant channel for luxury goods

Demand for luxury goods expected to remain strong

MARKET INDICATOR

MARKET DATA

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