WINE
Millennials and Wines The Changing Palates and Preferences, Trends seen among Them By Vaniitha Jaiin
I
ndia was never a wine drinking destination. It was during the 1980s when the wine industry and wine drinkers were seen gradually evolving here. The consumption of wine in India is still at a nascent stage. However, several data from the past have strongly indicated the potential it holds. According to the report titled 'India Wine Market Overview (2018-2023)', the Indian Wine market saw an excellent growth with a CAGR of around 25% from the year 2011-12 to 2016-17', which clearly signifies how this premium beverage is gradually becoming a part of the Indian lifestyle. Gone are the days when wine was considered the choice of drink of the elderly. We are familiar with the fact that cocktails, spirits and beers especially the
recently introduced craft beers are the go-to beverage for many young people. However, over the years, millennials have gradually developed a palate for wines and contribute to a major share for the sales now.
Preferences Wines have so much to offer. Different styles and fermentation methods, range of varietals, flavours, origin, use of sustainably grown rare grapes, handcrafted small batches of wine, are all criteria that millennials look for, in their bottle of wine. The Gen Y world is all about trying new varieties, experimenting with flavours, preferring eco-friendly methods, opting for smart drinking, organic and handmade products and wines is just the beverage
that ticks all these boxes.
Palates It is seen that millennials today are curious to know about the art & science behind the wine they drink. As much as they like to explore the new world wine regions, they appreciate the old world wines. Hence, wines from the countries like the USA, Australia, Chile, including India are all made in fresh and youthful styles to cater to a market who loves to try out things differently. Women still make up for the larger share of the wine buying decision maker when it comes to shopping. However, we are also seeing the men moving towards this trend. They are making the efforts to learn everything they need to know about wines to be able to shop with the knowhow. Consumers today are opening up to seeking more information and that seems promising. Talking about the choice of taste, Indians love Red wines but the weather here is actually equipped for appreciating Rosé. Since the revolution of wine is picking up well in India, I hope to see the rising popularity of Rosé amongst the millennials.
Trends With Gen Y joining the group of wine connoisseurs, we are seeing various changes happening in the space. The following trends seem to have been changing the landscape of the market: RTD: Young people like to keep things flexible. They mostly prefer Ready-to-
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Hammer Food & Beverage Business Review
Oct-Nov ’21
