India Alcohol Market Landscape: Industry Analysis, Growth, Size, Trends, and Share by Forecast 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 opportunities India Alcohol Market

1. Rising Middle Class and Urbanization: With the expanding middle class and increasing urbanization, there is a growing consumer base with higher disposable incomes. This demographic shift creates opportunities for premium and innovative alcoholic beverages, including craft beers, premium spirits, and ready-to-drink cocktails.

2. Growing Acceptance of Alcohol Consumption: Social attitudes towards alcohol consumption are evolving, particularly among younger generations. This shift presents opportunities for brands to target millennials and Gen Z with new product offerings and marketing strategies that align with modern lifestyles and preferences.

3. E-commerce and Digital Marketing: The rise of e-commerce in India provides a unique opportunity for alcohol brands to reach consumers directly. Online platforms can facilitate the sale of niche products and premium offerings, while digital marketing strategies, including social media engagement, can enhance brand visibility and consumer connection.

4. Diverse Regional Preferences: India's vast cultural diversity offers brands the chance to cater to regional tastes and preferences. This includes developing localized products or flavors that resonate with specific demographics, allowing companies to tap into niche markets and foster brand loyalty.

5. Health-Conscious Alternatives: There is a growing trend towards health-conscious consumption, leading to opportunities in low-alcohol, non-alcoholic, and organic beverage segments. Brands that focus on healthier options, such as low-calorie or gluten-free products, can attract health-conscious consumers and carve out a competitive edge in the market.

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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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