India Alcoholic Drinks Market Size & Outlook, 2023-2030
The alcoholic drinks market in India is expected to reach a projected revenue of US$ 206,085.0 million by 2030. A compound annual growth rate of 13.3% is expected of India alcoholic drinks market from 2024 to 2030.
Revenue, 2023 (US$M)
$86,152.4
Forecast, 2030 (US$M)
$206,085.0
CAGR, 2024 - 2030
13.3%
Report Coverage
India
India alcoholic drinks market, 2018-2030 (US$M)
Related Markets
India alcoholic drinks market highlights
- The India alcoholic drinks market generated a revenue of USD 86,152.4 million in 2023 and is expected to reach USD 206,085.0 million by 2030.
- The India market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
- In terms of segment, beer was the largest revenue generating type in 2023.
- Hard Seltzer is the most lucrative type segment registering the fastest growth during the forecast period.
Alcoholic drinks market data book summary
| Market revenue in 2023 | USD 86,152.4 million |
| Market revenue in 2030 | USD 206,085.0 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | Beer |
| Fastest growing segment | Hard Seltzer |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beer, Spirits, Wine, Cider, Perry & Rice Wine, Hard Seltzer |
| Key market players worldwide | Anheuser-Busch InBev SA/NV, Bacardi, Suntory Beverage & Food Ltd, Constellation Brands Inc Class A, Diageo PLC, Molson Coors Beverage Co Class A, Pernod Ricard SA, Asahi Group Holdings Ltd, Carlsberg A/S Class B |
Other key industry trends
- In terms of revenue, India accounted for 5.2% of the global alcoholic drinks market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China alcoholic drinks market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 206,085.0 million by 2030.
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Alcoholic Drinks Market Scope
Alcoholic drinks market segmentation & scope
Others
Alcoholic Drinks Market Companies
| Name | Profile | # Employees | HQ | Website |
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India alcoholic drinks market size, by type, 2018-2030 (US$M)
India Alcoholic Drinks Market Outlook Share, 2023 & 2030 (US$M)
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