India Alcoholic Beverages Market to Reach INR 5.3 Trln by 2021, Projects Netscribes in Its In-Demand Report Recently Added at MarketPublishers.com
10 Nov 2017 • by Natalie Aster
LONDON – Nowadays, India ranks the 3rd largest and fastest-growing liquor market globally. The alcoholic beverages industry in India has a lucrative growth potential, this is majorly attributed to the rising social acceptance. South states grab the lion’s share of the total alcohol consumption in India.
There a great variety of alcoholic beverages available in the country’s market, but beer is the most rapidly-evolving segment. The Indian beer market is anticipated to see a 7.5% CAGR over FY 2017 – FY 2021.
The Indian alcoholic beverages market is poised to expand at a 7.72% CAGR in the next ten years; by FY 2026, it will likely touch the value of INR 5.3 trillion. Growth in the domestic alcoholic beverages market is predicted to be fueled by rising urbanisation, escalated liquor consumption in rural areas, high and easy availability and accessibility of alcohol within the country, rising incomes of the local population, enhancing social acceptance of alcohol amid population, amid other favourable factors. Still, the market growth can be significantly restrained by such obstacles as the ban on alcohol in several states in India and high taxes on the majority of input materials.
John Distilleries, Mohan Meakin, Allied Blenders and Distillers, Carlsberg India and Pernod Ricard India are amid the key participants in the Indian alcoholic beverages market.
Topical research report “Alcoholic Beverages Market in India 2017” by Netscribes (India) Pvt. Ltd. (Netscribes) provides a profound analysis of the alcoholic beverages market in India and gives an insightful overview of the market dynamics. It describes the current state of the industry, touches upon the historical background, discusses the market-entry strategies, provides the current and forecast market data, encompasses the trade analysis of alcoholic beverages in India, traces light on the key recent developments in the market, canvasses the main market growth drivers and challenges, delves deep into the market competitive landscape, comprises profiles of the major players active in the country’s market, etc. Future forecasts for the Indian alcoholic beverages market up till 2021 are also available here.
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