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 Beverages Market size is projected to grow at CAGR of 7.2% during 2021-2027. Spirits are the most consumed alcoholic beverage in India owing to increasing disposable income along with growing youth and working women populations Based on packaging, glass bottles acquired the maximum revenue share in 2020 on account of the rising premiumization of brands and premium brands prefer selling alcohol in glass bottles as it looks elegant. Based on distribution channel, Specialty stores have the highest share among all other distribution channels as Specialty Stores sells alcohol on MRP and a large variety of alcohol brands are available at the same place. Within regions, the southern region captured the majority share in terms of revenue as five southern states i.e., Andhra Pradesh, Telangana, Tamil Nadu, Karnataka, and Kerala together acquired the major revenue share in the Indian Alcoholic Beverages market due to their increase in demand for alcohol in the regions among youth.
India alcoholic beverage market witnessed rapid growth during 2018-19 owing to the increasing urban population coupled with the increased disposable income and change in lifestyle however encountered a decline in 2020 owing to the outbreak of Covid-19. The sudden outbreak of the Covid-19 pandemic resulted in a total lockdown and the full prohibition on the sale of alcohol in the country, which resulted in a decline in the consumption of alcohol among consumers.
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Market by Type Analysis
Within by types, Spirits acquired more than 75% of the market share in terms of revenue.
Key Highlights of the Report
· India Alcoholic Beverages Market Overview
· India Alcoholic Beverages Market Outlook
· India Alcoholic Beverages Market Forecast
· Market Drivers and Restraints
· Impact Analysis of COVID-19
· Industry Life Cycle
· Porter’s Five Force Analysis
· Market Trends
· India Alcoholic Beverages Market Revenue Ranking, By Companies
· Competitive Benchmarking
· Company Profiles
· Key Strategic Recommendations
· Historical Data and Forecast of India Alcoholic Beverages Market Revenues, By Types, for the Period 2017-2027F
· Historical Data and Forecast of India Alcoholic Beverages Market Revenues for the Period 2017-2027F
· Historical Data and Forecast of India Alcoholic Beverages Market Revenues, By Regions, for the Period 2017-2027F
· Historical Data and Forecast of India Alcoholic Beverages Market Revenues, By Packaging, for the Period 2017-2027F
· Historical Data and Forecast of India Alcoholic Beverages Market Revenues, By Distribution Channels, for the Period 2017-2027F
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