Gin Market Growth Overview, New Updates, Trends by 2025

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Gin Market is Expected to Expand at a CAGR of
5.0 in Terms of Value by 2025

• June 2020

Report Id REP-IN-1074 Published On Nov
06,2017 Category Food and Beverages
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Gin Market Analysis
Future Market Insights (FMI) delivers key
insights on the India gin market in its latest
report titled "Gin Market India Industry
Analysis and Opportunity Assessment, 2015 -
2025". Revenue from the India gin market is
anticipated to expand at a CAGR of 2.8 during
the forecast period due to various factors,
regarding which FMI offers fundamental insights
in detail in this report. On the basis of
product type, the market has been segmented into
economy and premium and luxury segment. The
economy segment is expected to account for 98.8
share of the India gin market by 2015. In terms
of revenue, the premium and luxury segment is
expected to account for INR 2,157 Mn (US 425.2
MN) by 2025.
The India gin market has been segmented on the
basis of regions into North, East, West and
South. Of all the regions, Southern India is
expected to account for highest share of 34.8 of
the India gin market (volume terms) by 2015 end,
followed by the Western region with 28.2.
Contribution from the eastern region is
anticipated to increase from 12.4 in 2015 to
12.9 in terms of volume share in 2025. Request
for TOC http//www.futuremarketinsights.com/toc/r
ep-in-1074
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Gin Market Analysis
Gin manufacturers are expected to expand their
business in the Eastern region through tie-ups
with regional distributors in the next few
years. Growth of the Indian gin market is
majorly driven by growth of the overall IMFL
segment, coupled with robust demand for white
spirits. Increasing disposable income has
transformed consumers' buying and spending trend
majorly in urban areas. Consumption of gin
amongst the youth population across the country
along with change in spending pattern has
provided robust stimulus for growth of the
market. Besides, the trends that follow with
growth of the gin market include rise in mergers
and acquisitions, emphasis on promotional
expenses, and premiumisation of products in the
country.
This report covers trends driving growth of the
India gin market currently and offers analysis
and insights of the potential of the market in
specific regions. By region, the south zone
dominated the gin market with 34.8 share in
terms of volume in 2014, and is anticipated to
remain dominant till the end of 2025.
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Gin Market Analysis
This is attributed to the large consumer base in
the region. North and East zone collectively
currently account for over 52.9 volume share of
the overall gin market in 2015. Among all the
regions, market in east zone is anticipated to
expand at the highest CAGR in terms of volume
between 2015 and 2025, followed by west and south
zones. Key players in the India gin market
include United Spirits Limited, Tilaknagar
Industries Limited, Jagatjit Industries Limited,
RadicoKhaitan Limited, Mohan Meakin Limited,
Globus Spirits Ltd., Deejay Distilleries Pvt
Limited and SNHL India Pvt Limited. Geographical
expansion, innovations and investment in research
and development as well as mergers and
acquisitions are some of the major strategies
followed by key players operating in the India
gin market to outperform competitors.
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