openPR Logo
Press release

‘India Beer Market Outlook, 2023’

What is the best substitute to whiskey & wine which leaves you highand burns a hole in your pocket? Maybe Beer:Bonafide research
The price of whisky,wine and other alcoholic beverages is increasing since a long time and are expected to further increase owing to rising inflation and changing in government rules and policies. while Beer only seems to be the best drink which comeseasy in the pockets of Indian consumers.
Beer is considered to be one of the most popular drink after water tea and coffee in the world.Beer is a drink produced by brewing malted barley, the other alternatives of malted barley which are used are wheat, maize (corn), and rice. Many scholars of history believe that Beer isamongst the oldest and widely consumed alcoholic drinks in the world. Beer in India is the most consumed drink after whisky. Were beer is considered be more popular between the corporate employees, youths and women for its offerings such as a low level of Alcohol by volume with less drunkenness, lower prices, and many more.
According to reports ‘India Beer Market Outlook, 2023’ published by Bonafide Research, Indian despite the last two years being worst for Indian beer industry the market is expected recover in next couple of years and then move back to the growth track soon. The Indian beer is forecasted to grow with a CAGR of more than 6% between to 2022-23. Within major segments of beer i.e. strong beer and mid beer, Indian is primarily a strong beer consuming nation but recently the mild beer market is achieving high growth with increasing brands in mild segment as a result of entrance of the strong beer producing firms in mild segment with mild brands. The huge market potential of Indian beer market has also attracted many foreign brands. The new trend of craft beer has led to the huge success of B9 Beverages’ Bira 91 and is expected to encourage many global players to come India with their craft beers.
Beer generally contain ABV (Alcohol by volume) of around 4% to 8% which is one of the reason why it provides less drunkenness and doesn’t make you high easily. Which is generally preferable by women and youths of India and has resulted in increasing popularity between them.While the average selling price (ASP) of Whisky and other alcoholic beverages range between INR 250 to 600 rupees (excluding high premium and super premiumbrands) for a full bottle, while the ASP of beer is just around INR 100 rupees (excluding high premium brands)for a full bottle which makes it pocket friendly for the consumers. So, Beer can be considered the best substitute to Whisky and other alcoholic beverages as beer provides the felling of consuming alcohol within reasonable cost and doesn’t make people high easily.
Major Companies
Major companies that operate into Indian Beer market are United Breweries Limited, Carlsberg India Private Limited, Crown Beer India Private Limited, SABMiller India Limited, Mohan Meakin Limited, Molson Coor Cobra India Private Limited, B9 Beverages Private Limited, Devans Modern Breweries Limited, SOM Distilleries and Breweries Limited.

Bonafide Research is a multi-disciplinary research and consulting company which provides all the information streams required to solve strategic, business and marketing problems. Bonafide is a one of the fastest growing market research and consulting company offering syndicated research reports, custom research solutions and marketing services for a variety of industry verticals. We have already reached a milestone of 200 niche market research studies. Bonafide Research has been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenarios. Not only fortune 500`s, we have served to mid-size companies, small specialists and even start-ups. Our customers do not see Bonafide merely as a research provider, but a long-term partner who can help them maximize the value of information. Our quality of work has ensured repeat business, recognition and recommendations from clients across the world. It is believed that clients come first and we are always willing to take a step ahead to serve them better.

T-13/A, INDIABULLS MEGA MALL, NR DINESH MILLS, JETALPUR ROAD, VADODARA-390007, GUJARAT, INDIA

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ‘India Beer Market Outlook, 2023’ here

News-ID: 1106790 • Views: 285

More Releases from Bonafide Research & Market Pvt. Ltd.

India ahead of China in paper market in spite of disposing threats.
India has emerged as the world’s fastest growing paper market with a CAGR of 6-7%, leaving behind China, the biggest producer of paper globally. The Rs 60,000-crore Indian paper industry achieved this significant growth, fighting odds of both raw material scarcity and competition from cheaper imports. “China’s paper market has grown only 4.6% per year, while the global paper production in the current year is projected to grow 1-1.5%. In the last
All the roads lead to a Greener India in 2019 : Bonafide Marketing
Owing to increasing number of Electric Vehicle options made available in India the consumers are opting to go green and save the environment. Electric Vehicles uses a battery to store the electric energy that powers the vehicle. Electric Vehicle (EV) is sometimes referred to as Battery Electric Vehicle (BEV).EV batteries are charged by plugging the vehicle in to an electric power source. Electric Vehicles are typically more expensive than similar conventional
Binge eating disorder by todays millenial of extruded snacks to boost up the rev …
According to Recent Published Report of Bonafide Research "India Extuded Snacks & Chips Market Outlook, 2023" India extuded snacks & chips saw a grow rate of 8.78% from 2012-13 to 2017-18. Furthermore, the India Snacks Market is expected to reach INR 92669 Crore in 2022-23. After 2001, India has seen a massive change in Snack food market. The meaning of snack has been redefined from chips and cookies to beverages, mini-meals
India Spread (Jam, Honey, Butter, Cheese, Choco) Market Outlook, 2023
“As Butter is equivalent to Amul, Chocolate Spread is equivalent to Nutella”: Bonafide Research Italian confectionery giant Ferrero is the other name for chocolate spreads in the country, as it is having a predominating share in the chocolate spread market, primarily due to its popularity on the social media, especially among the elite consumers. Most recently, Nutella has caught the fancy of the urban youth who use it in innovative ways to

All 5 Releases


More Releases for India

01-17-2011 | Health & Medicine
KJIVF
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will
ISO 27001 india, 27001 training india ISO, 17799 training india ISO, Compliance …
Our foundation of service delivery is based on sound research - thereby customers realizing definitive delight and Assurance resilience in their management system. We provide Consulting Services for ISO 27001 india, 27001 training india ISO,17799 training India ISO Security, BCM/BS25999, SAS 70, COBIT Implementation, Annual Compliance Check, Best Practices Implementation, & Quick Gap Analysis. It is a set of ‘best practices’ controls - management and systems - that enables