India Alcoholic Beverage Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

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India Alcoholic Beverage Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

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Alcoholic Beverage Market in India is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX Billion by the end of 2024.To get more details read our report: – PowerPoint PPT presentation

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Title: India Alcoholic Beverage Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024


1
India Alcoholic Beverage Market Outlook
India Alcoholic Beverage Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
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India Alcoholic Beverage Market Size (USD
Billion)-2016-2024
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  • Alcoholic Beverage Market in India is anticipated
    to expand at a compound annual growth rate of XX
    during the forecast period i.e. 2016-2024. The
    market is anticipated to reach USD XX Billion by
    the end of 2024. On the back of changing cultural
    attitudes and more young affluent population the
    trend of alcoholism is gaining momentum in the
    market. The domestic alcohol industry is
    recognized that the young people and women are
    the key target populations for the players and
    they are assertively focusing on these vulnerable
    groups through their marketing campaigns.
  • The market players are consistently launching new
    products, such as flavored alcoholic drinks, to
    attract the nondrinkers in this group. The
    availability of alcohol is increasing in India
    there are more outlets in shopping malls and
    popular market places, which make it easily
    accessible
  • Beer is certainly a buzz in the country at this
    moment and India has a long way to go to catch up
    with rest of the world. The growth in the beer
    market appears to be driven by young consumers
    and professionals who consider beer a trendy
    drink, as compared with traditional spirits.
    Whereas, tremendous growth has been seen in the
    vodka market. It is the fastest growing among all
    types of liquors. Vodka consumption has been
    growing at the rate of about XX over the past
    few years.

3
India Alcoholic Beverage Market Outlook
India Alcoholic Beverage Market Share(), By
Product Type-2016-2024
India Alcoholic Beverage Market Size USD
(Billion). 2016-2024
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In 2016, Distilled Spirits accounted for the
highest market share XX in India Alcoholic
Beverage Market
With XX share in 2016, Tier 1 Cities dominated
the India Alcoholic Beverage market
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t-analysis
Similar Reports Craft Beer Market
Australia Craft Beer Market
Europe Craft Beer Market 
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India Alcoholic Beverage Market Outlook
  • The India alcoholic beverage market registered an
    impressive growth in 2016 with XX of the Indias
    population consuming alcohol regularly.
  • On an Average Indians consumes XX liter of
    alcoholic beverage per year, whereas, in the
    rural regions, average alcoholic beverage
    consumption is only XX liters per year. Some XX
    are moderate to heavy drinkers.
  • As per OECD (Organization for Economic
    Cooperation and Development) report in 2015,
    alcoholism in India has increased by XX between
    1991-2012. India is third largest consumer of
    alcoholic beverage but due to government
    regulations and continuous hike in duties is
    making growth of Indian market to fall at risk.
  • On the back of changing cultural attitudes and a
    young, increasingly affluent population, the
    alcoholic beverage market is expected to harness
    attractive returns. Other impacting factors are
    the rising disposable incomes, aspirational
    lifestyles, cheaper locally produced products and
    emerging craft beer culture, among others.
  • Although alcohol is freely available in most part
    of India, some states and Union Territories in
    the country have various forms of alcohol bans in
    force. Alcohol prohibition is currently in force
    in Gujarat, Kerala, Lakshadweep, Manipur, and
    Nagaland. Whereas, Andhra Pradesh, Haryana,
    Mizoram, and Tamil Nadu had previously imposed
    alcohol bans but were forced to withdraw the
    prohibition.
  • In India IMFL (India Made Foreign Liquor) segment
    is witnessed to grow at a rate of XX annually
    and country liquor is growing at XX annually.
    Moreover, over the past few years beer market is
    witnessed to be growing at fastest CAGR.
  • Across India, South India accounts for highest
    market share, with nearly XX market share of
    IMFL and XX of beer in terms of sales. The
    various state government in this region receives
    major cash flows from alcoholic beverage industry.

Personal Disposable Income
Competition
Sample
Millennial
Bars and Restaurants
Packaging
India Alcoholic Beverage Market Size (USD Billion)
Tier 1 Cities
Tier 2 Cities
Tier 3 Cities
USD XX Billion
2016
USD XX Billion
USD XX Billion
2024
USD XX Billion
USD XX Billion
USD XX Billion
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  • Alcohol Ban and Prohibition
  • Varying excise laws by states, red tapism in
    licensing, binging and hazardous drinking has led
    to continuing danger that more and more states
    could turn dry such as Gujarat. Furthermore, the
    ban on alcohol is considered to be an activity
    for getting vote, and thus reducing the sales and
    revenue of the alcohol market.
  • Apart from Gujarat, Bihar, Nagaland and Manipur
    also have imposed ban on the sales of alcohol.
    Chhattisgarh, Madhya Pradesh along with one of
    the top consumer of alcohol Kerala state are
    considering the ban on alcohol. Moreover, ban on
    selling alcohols near the highways has been
    imposed impacting huge decline in revenue of the
    alcohol manufacturers and suppliers.
  • Tax rate imposed on beer is nearly same as to the
    other spirits which have more than 40 alcohol
    content. Thus, the beer comes under the expensive
    category and restricting the growth of total
    beer market revenue, whether the tax rates are
    passed on to customers or not.

Price (USD) Rise In Top Beer Brands (60ml),
2013-2017
Sample
Source Goldstein Research
Consumption of Alcohol, Volume (Million Cases),
2012-2017
  • Impact Analysis-
  • The rise in taxes and other increasing costs is
    passed on to the consumers leading to rise in
    prices of beer that has lead to decrease in the
    number of consumers and sales volume. Also huge
    competition is faced by other categories of
    liquor that are available in abundance and at
    cheap prices.
  • Also, the demand in some markets is so high that
    banning alcohol may lead to an increase in
    spurious illicit liquor, which can prove fatal.
    Thus, formulation of national level legislation
    to regulate production, sale, distribution, and
    licensing of alcohol is impacting the market.

Source Goldstein Research
Impact on India Alcoholic Beverage Market
6
India Alcoholic Beverage Market Share (), By
Product Type, 2016-2024
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  • The India Alcoholic Beverage market has grown to
    reached nearly USD XX billion in 2015-16, of the
    total, distilled spirits segment revenue
    accounted for USD XX billion acquiring the
    largest share of XX as compared to revenue of
    other segments.
  • Distilled spirits market is expected to continue
    dominating the market share over the forecast
    period but at a slower growth rate due the rising
    inclination of the consumers towards the beer
    consumption.
  • Cities such as Bangalore and Mumbai have followed
    suit and witnessed brewpubs and even craft
    breweries producing beer spring up over time.
    Tier 1 cities opened brewpubs and today nearly XX
    number of brewpubs have opened. Tier 2 cities
    have now started brewpubs, as well.

Sample
Source Goldstein Research
India Alcoholic Beverage Market Y-O-Y Growth, By
Product Type, 2016-2024
Source Goldstein Research
India Alcoholic Beverage Market Size (USD
Billion), By Product Type-2016-2024
Source Goldstein Research
7
United Breweries (Company Overview Business
Strategy)
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Founded 1857
Employees 2758
Website www.unitedbreweries.com
Headquarters India
Company Overview
  • UB Group is an Indian conglomerate with its core
    business activities in beverages, aviation and
    investments to other sectors. The company
    beverages business deals largely in alcoholic
    beverages mainly beer. UB Group Limited operates
    through a network of 21 own breweries and 8
    contract breweries spread all over country. The
    spread of breweries network aids the speedy
    delivery of products and retains the freshness of
    stocks.
  • Other subsidiaries of UB Group are the UB
    Engineering Limited and UBICS, Inc.
  • UB Group beer are sold under its flagship brand
    Kingfisher, which is now sold across the world to
    52 countries. In India, it has undisputed market
    share of nearly 49 in 2017 with sales over 100
    million cases.
  • The Company considers sustainable investments
    across the globe in various events and activities
    for brand building of Kingfisher such as in the
    fields of Sports, Food, Fashion and Music.

Alcoholic Brands
Kingfisher
Zingaro
London Pilsner
UB Export
Kalyani Black Label
Bullet
Charger
Marco Polo
Guru Strong
Business Segments
Fertilizers
Engineering
Aviation
Formula 1
Alcoholic Beverages
I-League Football Team
Sample
Business Strategy
  • The company has a production capacity of 18
    million hectoliters of beer per annum, combined
    with the bottling and can lines spread across
    the country. The manufacturing operations at UB
    Group incorporates the entire range, from the raw
    material procurement to new product development
    and center of manufacturing excellence.
  • One of the key mechanism is the old bottle
    collection in each state to ensure that the
    patented glass bottle pool that returns to the
    manufacturing base is protected in order to
    minimize the overall product cost.
  • In terms of growth and expansion, a new can line
    was introduced at Goa brewery in 2016,
    Shahajahanpur brewery capacity was increased to
    0.75 million cases/month from 0.25 million
    cases/month. Moreover, the company is looking
    forward to enter into microbrewery segment in
    near future.

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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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