India Alcohol Market | United Spirits Limited, Tilaknagar Industries Ltd., Jagatjit Industries, Mohan Meakin

Alcohol is chemically known as ethanol or ethyl alcohol, which is mainly found in wine, beer, and spirit that leads to drunkenness. Alcohol is produced by fermentation of yeast. For instance, wine is produced from the sugar present in grapes, similarly, beer, cider, and vodka are produced from the sugar in malted barley, apples, and potatoes respectively. Alcohol is basically classified as a sedative-hypnotic drug that depresses the central nervous system.

The India alcohol market was valued at INR 2,807,236.7 Bn in 2018 and is anticipated to reach INR 5,482,851.3 Bn by the end of 2027, growing at a CAGR of 7.8% during the forecast period (2019 to 2027).

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Detailed Segmentation:

India Alcohol Market, By Type:
IMFL
Beer
Wine
Country Liquor

India Alcohol Market, By Origin Type:
Imported Liquor
Indian Made Foreign Liquor
Foreign Liquor Bottled in India
Indian Made Indian Liquor

India Alcohol Market, Average spending on alcoholic beverage, by Gender:
Male
Female

India Alcohol Market, By Ingredients:
Grains
Molasses
Fruits & Vegetables

India Alcohol Market, By Distribution Market:
Government Controlled
Open Market
Auction Market

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Shifting preferences towards the quality alcohol which also includes liquor with low alcohol. Moreover, rising demand for premium and high prices alcohol due to increasing purchasing power is further projected to propel the market growth over the forecast period. In June 2019, US craft brewer Shipyard has launched Low Tide, low-alcohol pale ale. As the name suggests, Low Tide carries a lower abv, of 0.5%. While leveraging on the growing consumer demand for low- and no-alcohol drinking options.

The rising trend of accepting alcohol drinking and increasing the number of pubs and bar around the globe is expected to foster the market growth over the forecast period. Moreover, a growing number of women drinking alcohol is further expected to drive the market growth of alcohol.

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