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Country Report

Fine Wines/Champagne and Spirits in

Fine Wines/Champagne and Spirits in India

Feb 2021

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!

2020 IMPACT

Temporary closures lead sales to see a significant decline

After many years of double-digit retail current value increases, fine wines/champagne and spirits has turned to significant double-digit decline in 2020. With India under nationwide lockdown due to COVID-19 from 25 March until the end of May, brands found it hard to operate.

Tax rises are seen in some states to help with COVID-19 financing

Another factor hampering growth in 2020 has been temporary rises in taxes. After liquor shops were allowed to reopen, several states in India, such as Uttar Pradesh, Karnataka, West Bengal, Delhi and Andhra Pradesh, temporarily raised taxes on liquor from May 2020 to fund their effort against COVID-19.

Fine wines/champagne and spirits is an increasingly fragmented category

Diageo India remained the largest player in fine wines/champagne and spirits in India in 2019. The company has a wide brand portfolio, mainly in whiskies, although it also has a presence in vodka with Ciroc.

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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

KEY DATA FINDINGS

2020 IMPACT

Temporary closures lead sales to see a significant decline

Tax rises are seen in some states to help with COVID-19 financing

Fine wines/champagne and spirits is an increasingly fragmented category

RECOVERY AND OPPORTUNITIES

Rebound to growth as consumers purchase more in the country

Smaller categories to see stronger growth due to their lower base

Increased interest in sustainability set to lead to innovation in sustainable packaging

CATEGORY DATA

Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2015-2020
Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2015-2019
Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2016-2019
Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2015-2020
Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2020-2025
Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2020-2025

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2015-2020

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2015-2020
Table 10 Sales of Luxury Goods by Category: % Value Growth 2015-2020
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2015-2020
Table 12 NBO Company Shares of Luxury Goods: % Value 2015-2019
Table 13 LBN Brand Shares of Luxury Goods: % Value 2016-2019
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2020
Table 15 Forecast Sales of Luxury Goods by Category: Value 2020-2025
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2020-2025

Megatrends

Country Report

Fine Wines/Champagne and Spirits in India

New Report Guarantee

Executive Summary

New Report Guarantee

2020 IMPACT

Temporary closures lead sales to see a significant decline

Tax rises are seen in some states to help with COVID-19 financing

Fine wines/champagne and spirits is an increasingly fragmented category

Overview

Why buy this report?

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Table of Contents

Fine Wines/Champagne and Spirits in India - Category analysis

KEY DATA FINDINGS

2020 IMPACT

Temporary closures lead sales to see a significant decline

Tax rises are seen in some states to help with COVID-19 financing

Fine wines/champagne and spirits is an increasingly fragmented category

RECOVERY AND OPPORTUNITIES

Rebound to growth as consumers purchase more in the country

Smaller categories to see stronger growth due to their lower base

Increased interest in sustainability set to lead to innovation in sustainable packaging

CATEGORY DATA

Luxury Goods in India - Industry Overview

EXECUTIVE SUMMARY

COVID-19 impact on luxury goods

COVID-19 country impact

Company response

Retailing shift

What next for luxury goods?

MARKET INDICATORS

MARKET DATA

DISCLAIMER

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

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