DUBLIN--(BUSINESS WIRE)--The "India Beer Market (2018-2024): Market Forecast By Types, By Sales Channels, By Packaging, By Demographics, By Regions and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
India Beer Market is projected to grow at a CAGR over 7.6% during 2018-2024.
Increasing disposable income, urbanization, growing youth population as well as rising acceptance of social drinking have buoyed the growth of beer market in India. The country ranks among one of the largest alcohol markets across the globe.
India Manufactured Foreign Liquor (IMFL) including whisky, vodka, brandy, and rum is highly preferred by consumers in India. However, with growing health consciousness, customers are shifting towards beer consumption owing to its lower alcohol content. Currently, per capita beer consumption in India is below 5 liters, which is extremely low as compared to above 25 liters in other Asian countries. Several domestic and international players are investing in India's beer market to gain a competitive edge in the country.
Strong beer segment bagged highest revenue share in 2017. The segment is anticipated to continue its dominance over the coming years owing to preference of Indian consumers for high alcohol content. Also, mild beer segment is estimated to exhibit highest growth rate during the forecast period, attributed to health-conscious consumers and moderate drinkers who opt for lower alcohol content within large volume.
Off-trade channels including wine & beer shops, hypermarkets, and supermarkets have contributed majority of the revenue share in 2017 towards the overall beer market in India. The segment is projected to further rule the market owing to continuously increasing retail formats in the country and availability of beer products at reasonable prices via off-trade channels. Moreover, on-trade channels are anticipated to exhibit highest growth rate during the forecast period owing to rising income level coupled with acceptance of craft beer across the country.
Key Topics Covered
1 Executive Summary
3 Global Beer Market Overview
4 India Beer Market Overview
5 India Craft Beer Market Overview
6 India Beer Market Dynamics
7 India Beer Market Trends
8 India Beer Market Overview, By Types
9 India Beer Market Overview, By Sales Channels
10 India Beer Market Overview, By Packaging
11 India Beer Market Overview, By Regions
12 India Beer Market Overview, By Demographics
13 India Beer Market - Ecosystem Analysis
14 India Beer Market Competitive Landscape
15 Company Profiles
15.1 United Breweries Limited
15.2 Carlsberg India Private Limited
15.3 Mohan Meakin Limited
15.4 AB InBev Private Limited
15.5 Molson Coors India Private Limited
16 Key Strategic Notes
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