Press release
India Craft Spirits Market Expected to Reach USD 19.60 Billion by 2033 - IMARC Group
The India craft spirits market size reached USD 2.66 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 19.60 Billion by 2033, exhibiting a growth rate (CAGR) of 22.10% during 2025-2033.
Report Attribute & Key Statistics:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 2.66 Billion
Market Forecast in 2033: USD 19.60 Billion
Market Growth Rate 2025-2033: 22.10%
India Craft Spirits Market Overview:
The Indian market for craft spirits is expanding exponentially, driven by increasing disposable incomes and an increasing desire for premium, handcrafted drinks. With urban consumers seeking unique drinking experiences, craft distilleries are becoming popular in urban metros and lifestyle hubs. Local brands are capitalizing on the trend by introducing hand-curated portfolios with local ingredients and heritage branding. The market is also experiencing a vibrant nightlife culture and hospitality sector, especially in urban cities. With consumer-led innovation, experiential marketing, and powerful branding, craft spirit producers are gaining prominence in India's changing alcoholic beverage market.
Request for Sample Report: https://www.imarcgroup.com/india-craft-spirits-market/requestsample
India Craft Spirits Market Trends & Drivers:
The market is concentrating on key trends like craft cocktails, small-batch distilleries, and local flavors with local botanicals. Consumers are seeking authenticity, sustainability, and transparency of manufacturing processes, driving demand for small-batch, handcrafted, limited-release spirits. Experiential bar expansion, tastings, and social media channels are driving new brand discovery. Premiumization and innovating on aged spirits and hybrid blends are driving product creation as well. As narrative and provenance drive purchases, craft brands are incorporating digital engagement and direct-to-consumer formats to build more emotional connections with consumers.
The sector is changing due to the aggregation of socio-economic and cultural changes, including the rising spending power of millennials and a rising interest in sophisticated drinking rituals. Higher e-commerce penetration and liberalization of regulations for alcohol distribution are also streamlining access to specialist spirit brands. Growth in local distilling skills and favorable investor sentiment are driving new craft spirit brands growth in India. In parallel, changing perceptions regarding alcohol consumption-i.e., alcohol as a way of life and social activity-are also driving growth. Combined, these factors are paving the way for storytelling, innovation, and consumer loyalty.
Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/india-craft-spirits-market
Key Growth Drivers of the Report:
• Increasing consumer demand for premium, artisanal alcoholic beverages
• Rising urban nightlife and hospitality sector expansion
• Growth of direct-to-consumer channels and online alcohol sales
• Emerging homegrown brands with unique, locally inspired flavor profiles
• Regulatory support and increased investments in craft distilling startups
India Craft Spirits Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product and distribution channel.
Product Insights:
• Whiskey
• Vodka
• Gin
• Rum
• Brandy
• Liqueur
• Others
Distribution Channel Insights:
• On-Trade
• Off-Trade
Regional Insights:
• North India
• South India
• East India
• West India
Competitive Landscape:
The report also comprises in-depth analysis of the competitive landscape. Competitive analysis such as market structure, positioning of major players, most effective strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Along with this, in-depth profiles of all the major companies have been covered.
India Craft Spirits Market News:
• In September 2024, Diageo India opened The Good Craft Co., its sensorial experience home for Indian craft spirits. It is an innovation hub, sustainability champion, and community center for the craft spirits industry located at Ponda Distillery, Goa. It merges education, advocacy, and experiential involvement with interactive distillery tours, evocative tastings, and R&D with a craft emphasis. Through collaboration and investment in alco-bev startups, The Good Craft Co. aims to bring Indian craft spirits onto a global platform, enhancing premiumization and innovation.
• In December 2024, Globus Spirits launched TERAI India Craft Gin-Litchi & Mulberries, crafted at The India Craft Spirits Co. distillery in Rajasthan. The gin follows a grain-to-glass philosophy, blending tradition and innovation. Initially available in Uttar Pradesh, Rajasthan, and Goa, the brand plans further expansion. The gin celebrates India's rich flavors, reinforcing TERAI's reputation for premium craft spirits with a modern approach.
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask an analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31773&flag=C
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel. No.: (D) +91 120 433 0800
Americas: - +1 631 791 1145 | Asia: +91-120-433-0800 | UK: +44-753-714-6104
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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