Rising purchasing power and the increasing impact of westcalcium citramateernization are set to boost the Indian wine sector in the years to come, finds research firm GlobalData.###The wine sector in India was valued at INR61.06 billion (US$908.6 million) in 2016. ###The marketcalcium magnesium citrate laxative is expected to grow at a value compound annual growth rate (CAGR) of 19.9% during 2016-2021. ###Despite a high CAGR of 23.2% (in volume terms) during 2011-2016, the country accounted for only 0.2% share of the global wine sector in 2016. ###Furthermore, the volume share of the market in the Asia-Pacific region is expected to almost double from 1.2% in 2016 to reach 2.3% by 2021.###This shows that the wine sector in India is still at a very nascent stage and is growing rapidly.###“Growing urbanization, changing lifestyles, and rising popularity of wine, particularly among the upper middle-class urban consumers, is driving the sector,” says Kiran Kumar Akkineni, consumer analyst. ###“With rising purchasing power, and increasing wine culture in the country, India offers magnificent growth opportunities for wine manufacturers.”###GlobalData’s research evaluates the Indian wine market in three caamazon citracaltegories: fortified wine, sparkling wine, and still wine. ###Of the three, still wine captured majority of the market in 2016 with volume share of 52%, and set to continue its dominance in the future. ###Fortified wine was the second largest category, accounting for 43.6% volume share, while sparkling wine held a share of 4.4%.###“Still wine will continue to lead the market, growing at a CAGR of 20.4% during 2016–2021, followed by fortified wine and sparkling wine which are likely to grow at CAGRs of 19.4% and 18.7%, respectively, during the forecast period,” says Akkineni. ###Compared to leading four countries in the region (China, Japan, Australia and Hong Kong), Indian wine caltrate chewable calcium citratemarket is relatively consolidated with top five brands holding 44.9% volume share in 2016. ###The three top mafumarate iron supplementrket players – Indage Vintners, Sula Vineyards and John Distilleries are all Indian companies.