India Alcohol Market is Ready to Accumulate US$ 68 Billion by the end of 2026 | Data by Future Market Insights Inc.

The India alcohol market is expected to grow at a CAGR of 7.4% and reach US$68 billion by the end of 2026. Since Andhra Pradesh and Telangana have the most alcoholic drinkers in the nation, these two states have greatly reinforced the industry.

The number of alcohol consumers in India continues to rise on the account of the rising urban population. Consuming alcoholic beverages has become a customary tradition for a majority of people residing in India's urban cities. Changing lifestyles and increasing incomes are compelling them to consume alcohol on a frequent basis. Future Market Insights recently published its study on India's alcohol market, which estimated that more than INR 2.5 trillion worth of alcohol was consumed in 2016. The study further projected that the consumption of alcohol in India is less likely to decline in the years to come. By the end of 2026, more than 14 billion liters of alcohol will be sold across India.

According to the report, revenues amassed from sales of alcohol in India will soar vigorously at 7.4% CAGR, and reach INR 5.1 trillion value by the end of 2026. In terms of volume, India's alcohol consumption in 2016 has been estimated to have surpassed 8 billion liters and will grow at 5.5% CAGR in the due course of the forecast period. An in-depth analysis of India's alcohol distribution indicated that just above three-fourth of alcohol consumed in the country is government controlled. In 2016, alcohol distributed in India through open market sales made revenues worth over INR 400 billion. Meanwhile, about 550 million liters of alcohol were auctioned in India by the end of 2016.

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India's Alcohol Market: Report Highlights

Nearly two-thirds of India's alcohol revenues will be accounted for by sales of Indian-made foreign liquor (IMFL)
In 2016, more than 1,800 million liters of strong beer were consumed in India
By the end of 2026, white wine sales in India will have brought in an estimated INR 16.8 billion in revenues
Revenues amassed from the sale of country liquor in India will have soared at 5.5% CAGR
Whisky will be the most preferred type of alcohol in India, while sales of white spirits will grow at more than 11% CAGR
Key findings of the report, titled "Alcohol Market: India Industry Analysis and Opportunity Assessment, 2016-2026," projected that Southern and Western states of India will continue to contribute to more than 80% of alcohol revenues through 2026. Bangalore's SAB Miller India Ltd. and United Spirits Ltd., Mumbai-based Tilaknagar Industries Ltd. and Allied Blenders & Distillers Pvt. Ltd. are key players partaking in the growth of India's alcohol market.

Meanwhile, the consumption of alcohol will witness a considerable dip in India's northern and eastern zone. Even still, a majority of alcohol manufacturers & suppliers in India are originating from New Delhi. Companies such as Carlsberg India Pvt. Ltd., SOM Distilleries & Breweries Group, Radico Khaitan Limited, Globus Spirits, and Jagatjit Industries Ltd. are based in and around the country's capital. Shimla's Mohan Meakin Ltd. and Daman's Khemani Group are also recognised as some of the leading alcohol manufacturers in India.

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The key segments covered in this report are:

By Type

IMFL
Brandy and Cognac
Rum
Whiskies
White Spirits
Others
Beer
Mild
Strong
Wine
Red Wine
White Wine
Rose Wine
Country Liquor

By Make

Imported Liquor
Indian Made Foreign Liquor
Foreign Liquor Bottled in India
Indian Made Indian Liquor

By Gender

Male
Female

By Ingredients

Grains
Molasses
Fruits and Vegetables

By Distribution Market

Government Controlled
Open Market
Auction Market

By Region

South Zone
North Zone
East Zone
West Zone

Over 90% of Indian Alcoholics are Men

Among every ten alcohol consumers in India, nine of them will most probably be men; leaving a slight chance that the tenth one is a woman. With more than 90% stake in India's alcohol revenues, the country's men will be offering over INR 4.7 trillion for consuming alcohol by the end of 2026. Likewise, Indian women are also likely to increase their contribution to the Indian alcohol market. During the forecast period, revenues accounted by sales of alcohol to Indian women will have soared at the fastest pace, registering a stellar CAGR of 8.6%.

Consumption of alcohol-containing molasses as a key ingredient will remain higher in India. Grains will also serve to be a preferred raw ingredient used for producing alcohol in India. Although, the production of alcohol through agricultural produce such as fruits & vegetables will remain negligent till the end of 2026. The report also anticipates that consumers will be more inclined towards buying Indian-made liquor - regardless of whether it is a foreign or Indian brand. Consumption of foreign liquor bottled in India is also likely to grow, but showcasing a marginal degree of increment.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.