India Whiskey Market (2024-2030) Outlook | Companies, Value, Trends, Analysis, Size, Share, Forecast, Growth, Revenue & Industry

India Whiskey Market Synopsis

The whiskey market in India is expected to grow at a CAGR of 8.10% during the forecast period 2023-2029. The growth is attributed to the rising demand for premium and high-end whisky varieties, increasing disposable incomes and improving economic conditions, growing urban population and lifestyle changes amongst consumers, and increasing population of young adults aged between 21???35 years old who are more likely to consume alcoholic beverages. Additionally, the introduction of several new product offerings from leading manufacturers, as well as international brands, has allowed them to gain a greater foothold in the India liquor market which will further accelerate this growth over the forecast period. Furthermore, increased marketing activities such as promotional campaigns undertaken by companies has been contributing towards positive brand awareness about whiskey among potential customers thereby driving up its sales volumes in India.

Market Drivers

The Indiawhiskey market is driven by increasing disposable income, growing population of millennials and Gen-Z preferring premium products, rising health consciousness among consumers, government policies favoring production of alcoholic beverages in the country and availability of various brands with a wide product range. Increasing awareness about different varieties associated with whiskey consumption is also driving the growth in this market. The introduction of new flavors such as honey, cinnamon and nutmeg has further expanded consumer choices. Furthermore, promotional activities undertaken by manufacturers through digital marketing campaigns have boosted the sales of whiskey in India.

Challenges of the Market

High taxation rate on whisky products is one major challenge faced by many India manufacturers which affects their profitability adversely and thus hampering development prospects for new entrants into this market space in India Stringent regulations imposed on labeling requirements along with stringent alcohol laws & regulations creates a hurdle for companies operating in this sector.Uneven distribution networks across rural areas has resulted slow penetration of Whiskey brands particularly across tier-II cities & rural markets thus limiting potential market size.

Key Players in the Market

The major players operating in the India Whiskey Market include Pernod Ricard India, Diageo Plc (United Spirits Limited), Radico Khaitan Ltd., Allied Blenders & Distillers Pvt Ltd., Jagatjit Industries Limited, John Distilleries Private Limited, Tilaknagar Industries Limited , Amrut Distilleries Private limited among others

Key Highlights of the Report:

• India Whiskey Market Outlook
• Market Size of India Whiskey Market, 2023
• Forecast of India Whiskey Market, 2030
• Historical Data and Forecast of India Whiskey Revenues & Volume for the Period 2020-2030
• India Whiskey Market Trend Evolution
• India Whiskey Market Drivers and Challenges
• India Whiskey Price Trends
• India Whiskey Porter's Five Forces
• India Whiskey Industry Life Cycle
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By By Product Type for the Period 2020-2030
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By American Whisky for the Period 2020-2030
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By Irish Whisky for the Period 2020-2030
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By Scotch Whisky for the Period 2020-2030
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By Canadian Whisky for the Period 2020-2030
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By On-trade for the Period 2020-2030
• Historical Data and Forecast of India Whiskey Market Revenues & Volume By Off-trade for the Period 2020-2030
• India Whiskey Import Export Trade Statistics
• Market Opportunity Assessment By By Product Type
• Market Opportunity Assessment By By Distribution Channel
• India Whiskey Top Companies Market Share
• India Whiskey Competitive Benchmarking By Technical and Operational Parameters
• India Whiskey Company Profiles
• India Whiskey Key Strategic Recommendations

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