India Alcoholic Beverages Market to Grow with a CAGR of 6.91% through 2030F

The India Alcoholic Beverages Market is growing due to rising disposable income, urbanization, changing consumer preferences, increased social acceptance, and expanding product variety, driving higher demand and market expansion.

According to TechSci Research report, “India Alcoholic Beverages Market – By Region, Competition Forecast & Opportunities, 2020-2030F”, the India Alcoholic Beverages Market was valued at USD 65.84 Billion in 2024 and is expected to reach USD 98.01 Billion by 2030 with a CAGR of 6.91% during the forecast period. The Indian alcoholic beverages market has experienced significant growth in recent years, driven by evolving consumer preferences, rising disposable incomes, and increasing social acceptance of alcohol consumption. With India being one of the largest consumer markets in the world, the alcoholic beverages industry plays a crucial role in the country's economic landscape. The market encompasses a wide variety of products, including spirits, beer, wine, and ready-to-drink (RTD) options. India's expanding urban population, along with changing lifestyles and greater exposure to global drinking trends, has created a fertile ground for the growth of alcoholic beverage consumption. As social norms around alcohol continue to evolve, more consumers are embracing casual and social drinking, contributing to the market's rapid expansion.

One of the primary drivers of growth in the Indian alcoholic beverages market is the increase in disposable incomes. As more people move into the middle and upper-middle class brackets, spending on premium and high-quality alcoholic beverages has risen. Consumers are increasingly seeking unique experiences and superior taste profiles, contributing to the growth of premium spirits, craft beer, and imported wines. This shift in purchasing behavior is particularly evident in metropolitan areas where lifestyle changes are rapidly influencing consumption patterns. Moreover, alcohol consumption is becoming a more accepted part of social gatherings, celebrations, and nightlife, driving higher demand for a diverse range of products.

Another critical factor propelling market growth is the demographic shift in India. With a large percentage of the population being under the age of 35, younger consumers are driving much of the demand for alcoholic beverages. This demographic is more experimental, willing to try new flavors, and open to exploring premium brands. Additionally, digital connectivity and social media exposure have significantly influenced young consumers' preferences, exposing them to global drinking trends and product innovations. As a result, brands are actively engaging in targeted marketing campaigns that appeal to this demographic, further accelerating market expansion.

The rising focus on health and wellness has also influenced the Indian alcoholic beverages market. As consumers become more health-conscious, there is a growing demand for low-calorie, low-alcohol, and non-alcoholic beverage alternatives. Brands have responded by introducing innovative products such as low-carb beers, gluten-free options, and non-alcoholic spirits to cater to this evolving preference. Additionally, trends like mindful drinking and moderation are gaining traction, especially among urban consumers who are balancing social drinking with healthier lifestyle choices. This shift has opened new avenues for product diversification and innovation within the industry.

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The India Alcoholic Beverages Market is segmented into type, alcohol content, packaging, sales channel and region.

Based on sales channel, online sales channel is emerging as the fastest-growing segment in the Indian alcoholic beverages market, driven by increasing internet penetration, growing smartphone usage, and changing consumer buying behavior. The convenience of browsing a wide range of products, accessing customer reviews, and home delivery options has fueled the rise of online alcohol sales. Regulatory changes in several states allowing home delivery of alcohol have further supported this trend. Major alcohol brands and online platforms have partnered to offer exclusive product ranges, promotions, and personalized recommendations, making online shopping a preferred choice among tech-savvy and urban consumers.

Based on region, West region is the fastest-growing market for alcoholic beverages in India, driven by rapid urbanization, rising disposable incomes, and a vibrant social culture. Major cities like Mumbai, Pune, and Ahmedabad have witnessed increasing demand for premium spirits, craft beer, and wine, fueled by a growing young population and changing lifestyle trends. The expanding presence of pubs, bars, and microbreweries has further boosted consumption in the region. Additionally, favorable state policies and the rise of online alcohol delivery platforms have contributed to market growth. The West region's evolving drinking culture and premiumization trend make it a key driver of future growth.

Major companies operating in India Alcoholic Beverages Market are:

• Anheuser-Busch InBev SA/NV  
• Arbor Brewing Company India
• Carlsberg India Private Limited
• B9 Beverages Private Limited
• Devans Modern Breweries Ltd.
• Globus Spirits Limited
• Radico Khaitan Limited
• Pernod Ricard India Private Ltd.
• Suntory Group
• Som Distilleries and Breweries Limited

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“The India Alcoholic Beverages Market presents significant growth opportunities fueled by rising incomes, evolving consumer preferences, and increased social acceptance. However, the market's growth trajectory is shaped by regulatory complexities, taxation challenges, and the increasing demand for healthier alternatives. Brands that effectively respond to these trends through innovation, digital engagement, and sustainable practices are well-positioned to thrive in this dynamic and competitive market landscape. With continuous product diversification and expanding consumer demographics, the Indian alcoholic beverages market is poised for sustained growth in the coming years.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“India Alcoholic Beverages Market By Type (Beer, Wine, Spirits, Ciders, Flavored Alcoholic Beverages (FABs), Others), By Alcohol Content (High, Medium, Low), By Packaging (Aluminium Cans/Tins, Pouch Packaging, Glass Bottles, Plastic Bottles, Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, Others), By Region, Competition Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Alcoholic Beverages Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Alcoholic Beverages Market.

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