India Craft Beer Market To Generate a CAGR of 24.41% by 2032 | IMARC Group

IMARC Group's report titled "India Craft Beer Market Report by Product Type (Ales, Lagers, and Others), Age Group (21-35 Years Old, 40-54 Years Old, 55 Years and Above), Distribution Channel (On-Trade, Off-Trade), and Region 2024-2032" the India craft beer market size is projected to exhibit a growth rate (CAGR) of 24.41% during 2024-2032.

The changing consumer dietary preferences due to the growing health consciousness, the increasing experimentation for gluten-free or organic beers, and the rising number of direct-to-consumer sales are among the key factors driving the market growth.

Factors Affecting the Growth of the India Craft Beer Industry:

• Changing Consumer Preferences:

The evolving taste preferences of individuals in India represent one of the primary factors catalyzing the demand for craft beer. In addition, the escalating demand for more diverse and unique flavors is offering a favorable market outlook. Craft breweries offer a wide range of innovative and artisanal beer options that cater to this growing demand for variety and quality. Along with this, rapid globalization and the rising access to international travel and media are influencing the market positively. Moreover, the growing emphasis of craft brewers in India on using high-quality, often locally sourced, ingredients is driving the market.

• Government Regulations and Support:

The governing authorities of several states are implementing regulations and introducing favorable policies to foster the growth of the craft beer industry in India. Additionally, some states have encouraged tourism by allowing brewpubs, which offer a combination of food and craft beer, attracting both locals and tourists. These policy changes have provided a conducive environment for entrepreneurs to enter the craft beer market, resulting in a proliferation of craft breweries across the country. This includes reduced licensing fees and simplified regulations for microbreweries.

• Online Sales and Home Delivery:

The rise of e-commerce and online food delivery platforms in India is improving the availability of craft beer to a wider audience. In addition, many craft breweries are increasingly partnering with these platforms to offer their products for online purchase and home delivery. This provides convenience to consumers and enables craft breweries to reach a broader customer base, further bolstering the market growth. The ease of ordering craft beer online is contributing to its accessibility and popularity, especially during the ongoing digital transformation in India.

Request For Sample Copy of Report: https://www.imarcgroup.com/india-craft-beer-market/requestsample

India Craft Beer Market Report Segmentation:

By Product Type:
• Ales
• Lagers
• Others

Based on the product type, the market has been classified into ales, lagers, and others.

By Age Group:
• 21-35 Years Old
• 40-54 Years Old
• 55 Years and Above

On the basis of the age group, the market has been segmented into 21-35 years old, 40-54 years old, and 55 years and above.

By Distribution Channel:
• On-Trade
• Off-Trade

Based on the distribution channel, the market has been divided into on-trade and off-trade.

Regional Insights:
• South India
• North India
• West & Central India
• East India

Region wise, the market has been segregated into South India, North India, West and Central India, and East India.

India Craft Beer Market Trends:

The emergence of craft beer tourism and the increasing number of travelers exploring brewpubs and craft breweries are supporting the growth of the market. These establishments offer brewery tours, tasting sessions, and food pairings, providing a holistic experience. In addition, beer tourism increases the revenues of craft breweries, promotes local tourism, and supports the overall growth of the industry. It allows people to connect with the craft beer-making process and fosters brand loyalty.

Craft brewers in India are continuously innovating to create unique and locally inspired flavors. They often incorporate indigenous ingredients, such as spices, fruits, and herbs, into their brews.

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

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This release was published on openPR.