India alcoholic beverages market is expected to reach USD 93.6 Billion by 2032

India alcoholic beverages market is expected to reach USD 93.6 Billion by 2032 from USD 54.1 Billion in 2024; witnessing a compound annual growth rate (CAGR) of 7.1% from 2024 - 2032. India presents a highly promising market for beverage alcohol companies, driven by a confluence of favorable factors. These include a young and growing population, a rising preference for premium products, a sophisticated retail landscape, and a more adventurous consumer palate. The market's growth potential could be further enhanced by a relaxation of the country's complex regulatory framework and a reduction in excise duties. Indian consumers have long admired imported brands, particularly Scotch whisky. However, there is a growing appreciation for the exceptional quality of domestic spirits, with some Indian single malts now rivaling imports in terms of prestige and price. Craft gins and Indian single malts exemplify this burgeoning domestic excellence. However, the Indian alco-beverages industry currently facing a setback with Heineken halting supplies to Telangana due to outstanding payments. As Telangana is a major beer market, this disruption could negatively impact sales in the region in 2025.

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India's alcoholic beverages sector is a significant contributor to the national economy, currently contributing nearly 2% to GDP. This thriving industry fosters growth in related sectors, including tourism, agriculture, retail, and food processing, while creating millions of jobs. With India now the world's most populous nation, demographics present a significant advantage. The median age in India is below 30, compared to closer to 40 in the US and China. This translates to an annual influx of 15 to 20 million individuals reaching the legal drinking age, fueling economic growth. Furthermore, the working-age population is expanding, adding an estimated 283 million middle-class consumers between 2021 and 2031. The future of the Indian alcoholic beverages market appears promising, driven by evolving consumer preferences, rising disposable incomes, urbanization, lifestyle changes, and the burgeoning beer market. Consumers are increasingly seeking premium and craft products with unique flavors. Consumption patters of alcohol vary from one region to another across the country.

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Alcohol consumption is higher in the northeast and eastern regions, with both men and women exhibiting higher consumption rates. Male alcohol consumption is also prevalent in southern and northern parts of the country. States like Arunachal Pradesh, Telangana, Sikkim, Manipur, Goa, and Jharkhand have reported higher rates of male alcohol consumption. Notably, Telangana and other northeastern states also exhibit higher rates of female alcohol consumption compared to the national average.

Spirits currently dominate the market, accounting for over 50% of the market share followed by the beer segment. Homegrown single malt whiskies have witnessed remarkable growth, surpassing global giants with a 53% market dominance. The Indian whisky landscape has undergone a remarkable transformation, elevating the appreciation of elite Indian single malts to new heights. Brands like Indri, Amrut, Rampur, and Paul John are no longer just names on bottles; they are now symbols of national pride and exceptional craftsmanship.

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The Indian alcoholic beverages market is highly competitive and diverse. It is characterized by a dynamic interplay of domestic and international players. Key market players include United Spirits, United Breweries, Radico Khaitan, Globus Spirits, Tilaknagar Industries, Northers Spirits, Associated Alcohol and Breweries, Piccadilly Agro Industries, GM Breweries, Jagatjit Industries, Sula Vineyards, and others.

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Indian Alcohol Market Segmentation and Scope

Indian Alcohol Market Alcoholic by Beverage Type
• Beer
• Wine
• Spirits
• Ciders and Flavoured Alcoholic Beverages (FABs)
• Others

Indian Alcohol Market by Pack Type
• Bottles
• Cans
• Kegs
• Cartons

Indian Alcohol Market by Distribution Channel
• Online
• Offline
• Convenience Stores
• Liquor Stores
• Grocery Shops
• Supermarkets
• Others

Indian Alcohol Market by Target Audience
• Youth (18-30 years)
• Adults (30-55 years)
• Seniors (55+ years)
• Indians Abroad

Indian Alcohol Market by Region
• North
• East
• West & Central
• South
 

K 129, PC COLONY
HANUMAN NAGAR
KANKARBAGH
PATNA, BH 800026

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