India Alcohol Market Status Report and Future Directions 2024 - 2031 | United Spirits Limited, Tilaknagar Industries Ltd

Market Overview:

The India alcohol market is estimated to be valued at USD 55.81 Bn in 2024 and is expected to reach USD 92.57 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

Market Dynamics:

The India alcohol market is expected to witness significant growth over the forecast period owing to increasing consumption of premium brands of liquor and beer in the country. Premium brands are gaining traction among the younger population and urban population. Further, growing social acceptability of liquor consumption among women is also expected to support the market growth. Changing lifestyle and rising disposable income are prompting consumers to spend more on premium alcoholic beverages. Moreover, easy availability of various international liquor brands through online retailers and organized retail outlets is boosting the premiumization of alcoholic beverages in India.

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India Alcohol Market Drivers: Rising Disposable Incomes in India

With India's economy growing at over 7% annually, disposable incomes have been rising steadily across income segments in the country. As people have more money to spend, they are tending to spend more on luxury and recreational items like alcohol. The burgeoning Indian middle class with their rising spending power have become an attractive consumer base for alcohol companies looking to tap into this growth driver. While the premium and super premium segments are growing the fastest, strong growth is also being witnessed in popular beer and spirit categories driven by the aspirational young population

India Alcohol Market Opportunity: Growing Tourism and Out-of-Home Consumption

With its rich cultural heritage and improving infrastructure, India has emerged as a major global tourism destination in recent years. In 2020, India ranked 34th in the world in terms of international tourist arrivals. As the country promotes niche tourism like wellness, adventure, heritage etc the tourism sector is predicted to grow substantially in the coming decade. This presents a big business opportunity for the alcohol industry catering to the needs of both domestic and international tourists. The out-of-home consumption segment including restaurants, bars, pubs offer good potential for growth.

India Alcohol Market Trends: Launch of Innovative Products

To appeal to the evolving tastes of Indian consumers and drive trial as well as upgrade to premium offerings, companies are innovating and launching new products at a rapid pace. Some examples include new flavored beers, craft beers, RTD cocktails, premium Indian liquors infused with natural ingredients etc. Companies are also tailoring products to specific consumer segments like women, health-conscious consumers through low-calorie variants and emphasis on natural ingredients. Innovation helps create excitement, brand differentiation and offsets the threat from stringent rules to some degree making the Indian alcohol market an exciting space to watch.

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Top Companies Included in This Report:

• United Spirits Limited
• Tilaknagar Industries Ltd
• United Breweries Limited
• Jagatjit Industries
• Mohan Meakin
• Globus Spirits
• Allied Blenders and Distillers Pvt.
• SAB Millier
• Radico Khaitan Limited
• Khemani Group
• SOM Distilleries and Breweries
• Carlsberg A/S
• Som Distilleries And Breweries Limited
• Khoday India
• Amrut Distilleries
• Amber Distilleries Limited
• Carlsberg India
• Raj Innotech
• Anheuser-Bush InBev SA/NV
• White Rhino Brewing Co.

Market Segmentation:

By Product Type:

• By Beverage Type: Beer, Spirits (Whisky, Vodka, Rum, Gin, etc.), Wine, and Others
• By Price Point: Premium/Luxury, Mid-range, and Economy/Value
• By Distribution Channel: Supermarkets and Hypermarkets, Specialty Liquor Stores, Online Platforms, and Bar and Restaurants

Key Regions/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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The report offers insights on the following topics:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Competitor Landscape of the India Alcohol Market by Players

Chapter 4: Market Size of the India Alcohol Market by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, Recent Developments, and Investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

Ultimately, the India Alcohol Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the India Alcohol industry.

Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.

Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

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