India Premium Spirit Market Size & Outlook, 2023-2030
India premium spirit market, 2018-2030 (US$M)
Related Markets
India premium spirit market highlights
- The India premium spirit market generated a revenue of USD 5,588.7 million in 2019 and is expected to reach USD 13,092.6 million by 2027.
- The India market is expected to grow at a CAGR of 11.2% from 2020 to 2027.
- In terms of segment, vodka was the largest revenue generating product in 2019.
- Tequila is the most lucrative product segment registering the fastest growth during the forecast period.
Premium spirit market data book summary
| Market revenue in 2019 | USD 5,588.7 million |
| Market revenue in 2027 | USD 13,092.6 million |
| Growth rate | 11.2% (CAGR from 2019 to 2027) |
| Largest segment | Vodka |
| Fastest growing segment | Tequila |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vodka, Whisky, Gin, Tequila, Rum, Brandy |
| Key market players worldwide | Diageo PLC, Pernod Ricard SA, Brown-Forman Corp Registered Shs -B- Non Vtg, Bacardi, LT Group Inc, Alliance Global Group Inc |
Other key industry trends
- In terms of revenue, India accounted for 5.2% of the global premium spirit market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China premium spirit market is projected to lead the regional market in terms of revenue in 2027.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,092.6 million by 2027.
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Premium Spirit Market Scope
Premium Spirit Market Companies
| Name | Profile | # Employees | HQ | Website |
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India premium spirit market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to premium spirit market will help companies and investors design strategic landscapes.
Vodka was the largest segment with a revenue share of 30.6% in 2023. Horizon Databook has segmented the India premium spirit market based on vodka, whisky, gin, tequila, rum, brandy covering the revenue growth of each sub-segment from 2018 to 2030.
The trend toward premiumization has led various spirit producers and importers to expand their highend offerings. For example, Diageo's United Spirits Ltd introduced super premium Don Julio tequila variants to the Indian market in 2024, priced at over USD 110.
This trend, initially sparked during the pandemic when consumers began drinking better at home due to closed bars, has established itself as a long-term behavior, supported by rising per capita income and increasing awareness of premium spirit categories.
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Target buyers of India premium spirit market databook
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Our clientele includes a mix of premium spirit market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India premium spirit market , including forecasts for subscribers. This country databook contains high-level insights into India premium spirit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India premium spirit market size size, by product, 2018-2030 (US$M)
India Premium Spirit Market Outlook Share, 2023 & 2030 (US$M)
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