India Alcoholic Beverages Market Outlook (2021-2027) | Growth, Share, Size, industry, Forecast, Revenue & COVID-19 IMPACT

India Alcoholic Beverage market is expected to register growth during the forecast period 2020-26F owing to rising consumer preferences for premium alcohol drinking coupled with rising per capita alcohol consumption amongst the young population. However, the spread of the COVID-19 virus would lead to a decline in alcoholic beverage market revenues in the first few months of 2020 on the back of complete lockdown across the country leading to the closure of retail alcohol stores, which would act as a restraint for the growth of India Alcoholic Beverage market during 2020. The market is expected to gain momentum at the beginning of 2021, as the disease outbreak registers slowdown.   

According to 6Wresearch, India Alcoholic Beverage Market is anticipated to witness growth during the forecast period 2020-26F. Further, increasing tourism will also contribute towards increased demand for imported alcoholic beverages and would further propel the growth of the Indian alcoholic beverage market in the near future.

On the basis of types, whiskey is expected to register the highest growth in the overall India alcoholic beverage market owing to the high preference of the population towards whiskey over other alcoholic beverages such as beer and spirits. According to Bank of America, India consumes around 1.5 billion liters of whiskey each year, which is equivalent to about half of the world’s total whiskey production. Further, wine and spirits including rum and vodka are expected to register sound growth in the coming years on the back of rising preference for vodka and rum amongst the women and youth, the growing consumer base for the aforementioned drinks is expected to contribute significantly towards the growth of the India alcoholic beverage market in the near term.

The India Alcoholic Beverage report thoroughly covers the market by Types, Packaging, and Distribution Channels. India Alcoholic Beverage outlook report provides an unbiased and detailed analysis of the on-going India Alcoholic Beverage trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

India Alcoholic Beverage market is expected to register potential growth during the forecast period 2020-26F owing to the changing the behavior of the consumers towards premium alcohol drinking coupled with rising per capita alcohol consumption amongst the young population. Owing to the sizable middle-class population, increase in the per capita consumer spending on alcohol, sound economic conditions for the development of the alcohol industry, and rapid urbanization in the country, the alcoholic beverage market in India is anticipated to fuel in the upcoming six years. Further, increasing tourism will also contribute towards increased demand for imported alcoholic beverages and would further propel the growth of the India alcoholic beverage market in the near future. 

India Alcoholic Beverage market is expected to witness growth during the forecast period 2020-26F owing to the growing number of prosperous young adults gaining interest in alcohol consumption coupled with the premiumization of beer, wine, and other light alcohol-based beverages in the country. On the basis of types, spirits are expected to register the highest growth rate in the overall Indian alcoholic beverage market in the coming years owing to increased consumer spending by the natives of the country on leisure and entertainment which includes most of the time spending on quality dining at bars, pubs, and restaurants. Moreover, rapid urbanization in the country coupled with an increase in the middle-class population spending along with emerging tastes and preferences of women as well as youth towards wine, rum, and vodka are anticipated to proliferate the market growth of India alcoholic beverage market during the forecast period. on the basis of country, India alcoholic beverage market is expected to contribute towards the significant growth of India with beer captivated to be the growth contributing factor backed by an increase in the consumption of Beer in the country. a shift towards weekend partying is expected to contribute to the growth of the India alcoholic beverage market and is, further, expected to leave a positive outlook in the overall market growth of the India alcoholic beverage market in the coming time zone.

India Alcoholic Beverages Market is projected to witness substantial growth in the upcoming six years on the back of the rising alcoholic drinkers steadily in the country. Additionally, Goa is estimated to generate lucrative opportunities in the country owing to the rising number of tourist along with bars and restaurants contains a wide range of alcohol which has led to attracts massive drinkers especially youth which is estimated to propelling demand for Alcoholic beverages like beer and whisky and this would benefit the progressive growth of India Alcoholic Beverages Market in the upcoming six years. Additionally, youth base consumers are expected to secure massive Alcoholic drinkers which would strengthen India Alcoholic Beverages Market in the upcoming six years.

Key Highlights of the Report:

• India Alcoholic Beverage Market Overview
• India Alcoholic Beverage Market Outlook
• India Alcoholic Beverage Market Forecast
• India Alcoholic Beverage Market Size and India Alcoholic Beverage Market Forecast until 2025
• India Alcoholic Beverage Market Share, By Types
• India Alcoholic Beverage Market Share, By Packaging
• India Alcoholic Beverage Market Share, By Distribution Channels
• India Alcoholic Beverage Market Share, By Region
• Historical Data of India Alcoholic Beverage Market Revenues and Volume for the period, 2015-2018
• Market size and Forecast of India Alcoholic Beverage Market Revenues and Volume until 2025
• Historical Data of India Alcoholic Beverage Market Revenues and Volume, By Types, for the Period 2015-2018
• Market size and Forecast of India Alcoholic Beverage Market Revenues and Volume, By Types, until 2025
• Historical Data of India Alcoholic Beverage Market Revenues and Volume, By Packaging, for the Period 2015-2018
• Market size and Forecast of India Alcoholic Beverage Market Revenues and Volume, By Packaging, until 2025
• Historical Data of India Alcoholic Beverage Market Revenues and Volume, By Distribution Channels, for the Period 2015-2018
• Market size and Forecast of India Alcoholic Beverage Market Revenues and Volume, By Distribution Channels, until 2025
• Historical Data of India Alcoholic Beverage Market Revenues and Volume, By Region, for the Period 2015-2018
• Market size and Forecast of India Alcoholic Beverage Market Revenues and Volume, By Region, until 2025
• India Alcoholic Beverage Market Drivers and Restraints
• India Alcoholic Beverage Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• India Alcoholic Beverage Market Opportunity Assessment
• India Alcoholic Beverage Market Revenue Share, By Company
• India Alcoholic Beverage Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

India Alcoholic Beverage Market Report Covered:

The India Alcoholic Beverage Market report provides a detailed analysis of the following market segments:

• By Types:
• Beer
• Spirit
• Wine
  
  
• By Packaging:
• Plastic Bottles
• Glass Bottles
• Cans 
  
  
• By Distribution Channels:
• Hypermarkets/Supermarkets
• Online Retail Stores
• Specialty Stores
• Restaurants/Bars