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These meetings will also provide the occasion for the launch of our new Strategic Plan for 2025-2029. Products such as no or low-alcohol wines and organic wines are gaining in popularity. At the same time, we will hold the 45th World Congress of Vine and Wine and inaugurate our new headquarters in Dijon, France.
billion USD by 2029, growing at a CAGR of 21.59 Indian consumers, whether travel retail shoppers or local shoppers, will increasingly demand beverage alcohol brands that reflect them, their culture and local flavours. The India travel retail market size is estimated at 2.03 billion USD in 2024, and is expected to reach 5.40
In addition to these stats, SVB shared three key takeaways , the first of which reveals the two dominant factors behind wines glaring supply imbalance: a fundamental shift in consumer demographics and the resurgence of anti-alcohol messaging. No- and low-alcohol wine is also a bright spot, up 27.2 percent year-over-year by volume.
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