India Stout Market To Grow at CAGR of 5.9% by 2028 | IMARC Group

IMARC Group's report titled "India Stout Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The India stout market is projected to exhibit a growth rate (CAGR) of 5.9% during 2023-2028. The growing preferences and interest in craft and specialty beers, the marketing and promotion efforts by breweries and beer brands, and rapid urbanization and rising disposable incomes of individuals represent some of the key factors driving the market.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/india-stout-market/requestsample

Factors Affecting the Growth of the India Stout Industry:

• Changing Consumer Tastes and Preferences:

The rising consumption of stout due to changing consumer tastes and preferences is strengthening the growth of the market in India. In addition, people are increasingly preferring a broader range of alcoholic beverages that offer distinct flavors and satisfy their needs. They are seeking beverages with more complex taste profiles, which makes stout a preferred choice among people. Apart from this, the rising number of breweries in the country is propelling the market growth. Furthermore, breweries are introducing diverse stout offerings to attract a larger consumer base.

• Rising Acceptance of Stout:

The rising acceptance of stouts on account of the social media influence among the masses in the country is supporting the growth of the market. In line with this, consumers are increasingly becoming aware of stout through social media platforms. Moreover, these platforms have images and posts featuring visually appealing stouts, which encourages people to try different stout varieties. Furthermore, individuals often share their own experiences with stouts, creating user-generated content that showcases the enjoyment of these beers. Additionally, breweries and craft beer brands are actively engaging with their audience on social media, sharing behind-the-scenes glimpses, which is bolstering the market growth in India.

• Increasing Health Consciousness Among People:

The growing demand for stouts due to the rising health consciousness among people is offering a positive market outlook in India. Stouts often have a lower alcohol by volume (ABV) as compared to other alcoholic beverages like spirits. This lower alcohol content can be appealing to those who want to enjoy a drink without the potentially higher intoxication associated with stronger options. Apart from this, stouts contain certain nutritional components like antioxidants, vitamins, and minerals derived from dark malts, which assist in enhancing the overall health of individuals.

India Stout Market Report Segmentation:

By Distribution Channel:

• On-trade
• Off-trade

On the basis of distribution channel, the market has been bifurcated into on-trade and off-trade.

Regional Insights:

• South India
• East India
• West and Central India
• North India

Based on the region, the market has been segmented into South India, North India, West and Central India, and East India.

India Stout Market Trends:

The wide availability of stout through online and offline distribution channels in the country is bolstering the growth of the market. Moreover, people are increasingly preferring stout through online channels, as they offer enhanced convenience and home delivery solutions, which is impelling the market growth.

The rising demand for stout due to inflating income levels of individuals is propelling the growth of the market in the country. In line with this, people are increasingly willing to explore premium and specialty beverage stouts with unique flavor profiles, which is supporting the market growth.

Other Key Points Covered in the Report:

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

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.