India Alcohol Market Trends and Growth: USD 92.57 Bn Value, Overview, Share, and Future Insights Report (2024-2031) | United Spirits Limited, Tilaknagar Industries Ltd

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.

The latest market intelligence report published by CMI with the title India Alcohol Market 2024, Growth Opportunities, and Forecast" provides actionable insights on Food and Beverages industry. The report provides demand analysis, industry insights, competitive intelligence, and customer database.

The Research report on India Alcohol Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps' Analysis, Market Attractiveness Analysis, BPS Analysis, Ecosystem Analysis.

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Key takeaways India Alcohol Market

1. Rapid Market Growth: The Indian alcohol market is experiencing significant growth, driven by rising disposable incomes, urbanization, and changing lifestyles. As consumers seek premium and diverse alcoholic beverages, this trend is creating ample opportunities for both domestic and international brands.

2. Shift Towards Premiumization: There is a noticeable shift towards premium and super-premium alcohol products, particularly among millennials and urban consumers. This trend is characterized by increased demand for craft spirits, imported wines, and high-end whiskies, as consumers are willing to spend more on quality and unique experiences.

3. Growing Popularity of Craft Beverages: The craft beer and artisanal spirits segment is gaining traction, reflecting a consumer preference for locally produced and unique flavors. This trend is encouraging small and independent breweries to enter the market, fostering innovation and diversity in the alcohol offerings.

4. Regulatory Landscape: The alcohol market in India is influenced by complex state-specific regulations and taxation policies. Understanding and navigating these regulations is crucial for brands looking to expand their presence. Opportunities exist for companies that can adapt to these frameworks and comply with local laws.

5. Rising Online Sales and Delivery Services: The COVID-19 pandemic has accelerated the adoption of online sales and home delivery services for alcoholic beverages. E-commerce platforms are becoming an essential channel for reaching consumers, particularly in urban areas. Brands that invest in digital marketing and e-commerce strategies can effectively tap into this growing trend.

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*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 150+ is available for purchase to all the interested stakeholders.

Detailed Segmentation and Classification of the report (Market Size and Forecast - 2031, Y-o-Y growth rate, and CAGR):

• By Beverage Type:
Beer
Spirits (Whisky, Vodka, Rum, Gin, etc.)
Wine
Others

• By Price Point:
Premium/Luxury
Mid-range
Economy/Value

• By Distribution Channel:
Supermarkets and Hypermarkets
Specialty Liquor Stores
Online Platforms
Bar and Restaurants

Following are the players analyzed in the 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.

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The research provides answers to the following key questions:

1. What is the estimated growth rate of the market for the forecast period 2024-2031? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the India Alcohol market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the India Alcohol market?
4. What are the prominent market trends influencing the development of the India Alcohol market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the India Alcohol market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Key insights provided by the report that could help you take critical strategic decisions?

• Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.
• Reports provide opportunities and threats faced by suppliers in the India Alcohol and tubes industry around the world.
• The report shows regions and sectors with the fastest growth potential.
• A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.
• The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.
• This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.
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