India Alcoholic Beverage Market (2020-2026)


Posted October 13, 2020 by Wresearch

India Alcoholic Beverage Market is anticipated to witness growth during the forecast period 2020-26F

 
Market Forecast By Types (Beer, Spirit, Wine), By Packaging (Plastic Bottles, Glass Bottles, Cans), By Distribution Channels (Hypermarkets/Supermarkets, Online Retail Stores, Specialty Stores, Restaurants/Bars) And Competitive Landscape

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 of 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.

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Key Highlights of the Report:

India Alcoholic Beverage Market Overview
India Alcoholic Beverage Market Outlook
India Alcoholic Beverage Market Forecast
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
India Alcoholic Beverage Market Drivers and Restraints
India Alcoholic Beverage Market Trends and Industry Life Cycle

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Last Updated October 13, 2020