India Alcohol Market Size, Share, Trends and Forecast - 2034

The India alcohol market was valued at USD 64.19 Billion in 2024 and is poised for significant expansion, expected to grow at a CAGR of 6.70% during the forecast period of 2025-2034, reaching an estimated value of USD 122.78 Billion by 2034. This growth is driven by rising disposable incomes, urbanization, and changing social attitudes toward alcohol consumption. Increasing demand for premium, craft, and flavored beverages, alongside the proliferation of organized retail, e-commerce platforms, and experiential marketing, is reshaping the industry. Innovation, modern production techniques, and global brand collaborations continue to strengthen market dynamics and drive long-term growth.

1. India Alcohol Market Analysis,
Growth & Industry Trends
Forecast Report (2025-2034)Presented By
Expert Market Research
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3. www.expertmarketresearch.com Website The India alcohol market was valued at
USD 64.19 Billion in 2024 and is
expected to grow at a CAGR of 6.70%,
to reach a value of USD 122.78 Billion
by 2034.
India Alcohol Market Outlook 2025-2034

4. www.expertmarketresearch.com Website India Alcohol Market Growth
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The India alcohol market is witnessing robust growth, driven by rising
disposable incomes, urbanization, and changing social dynamics.
Increasing acceptance of alcoholic beverages among the younger
population and the expansion of premium and craft segments are
fueling market demand.
Manufacturers are focusing on product innovation, improved
distribution networks, and marketing strategies to enhance brand
visibility and consumer engagement. With growing demand for
premium spirits, wine, and beer, along with evolving lifestyle trends, the
India alcohol market is expected to register strong growth and a
promising CAGR of 6.70% during the forecast period of 2025-2034

5. www.expertmarketresearch.com Website India Alcohol Market Trends
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The India alcohol market is witnessing evolving consumer preferences toward
premium and craft beverages, driven by rising disposable incomes and urban
lifestyle shifts. Growing demand for flavored spirits, low-alcohol options, and
innovative ready-to-drink products is reshaping market dynamics across the
country.
Digitalization, e-commerce expansion, and experiential marketing are
influencing purchasing patterns and brand engagement. Meanwhile,
investments in sustainable production, premium packaging, and collaborations
with global brands are enhancing quality standards and consumer appeal,
positioning India as a rapidly emerging market in the global alcoholic
beverages industry.

6. India Alcohol Market Segmentationwww.expertmarketresearch.com Website
Breakup by Type
Beer
Indian Made Foreign Liquour (IMFL)
Indian Made Liquour (IML)
Alcopop / Sweetened Alcoholic Beverages
Others
Breakup by Availability of the Raw Material
ENA
Molasses
Corn
Jowar
Bajra
Malt Spirit - Barley
Graph Spirit
Others

7. India Alcohol Market Segmentationwww.expertmarketresearch.com Website
Breakup by Region
North India
South India
East India
West India

8. Leading Companies in the India
Alcohol Marketwww.expertmarketresearch.com Website
Radico Khaitan Ltd.
United Spirits Ltd
Mohan Meakin Ltd
Sula Vineyards Ltd
United Breweries Ltd
Others

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01 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
02 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
03 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends

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3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
04 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
05 India Spirit and ENA Supply Outlook
5.1 ENA
5.2 Malt Spirit
5.3 Graph Spirit
5.4 Rum Spirit
06 India Alcohol Market Overview
6.1 Key Industry Highlights
6.2 India Alcohol Historical Market (2018-2024)
6.3 India Alcohol Market Forecast (2025-2034)
07 India Alcohol Market by Type
7.1 Beer
7.1.1 Historical Trend (2018-2024)

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7.1.2 Forecast Trend (2025-2034)
7.1.3 Market by Price Category
7.1.3.1 Economy
7.1.3.2 Premium
7.1.3.3 Luxury
7.2 Indian Made Foreign Liquour (IMFL)
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.2.3 Market by Price Category
7.2.3.1 Economy
7.2.3.2 Premium
7.2.3.3 Luxury
7.3 Indian Made Liquour (IML)
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.3.3 Market by Price Category
7.3.3.1 Economy
7.3.3.2 Premium
7.3.3.3 Luxury
7.4 Alcopop / Sweetened Alcoholic Beverages

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7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.4.3 Market by Price Category
7.4.3.1 Economy
7.4.3.2 Premium
7.4.3.3 Luxury
7.5 Others
08 India Alcohol Market by Availability of the Raw Material
8.1 ENA
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Molasses
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Corn
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Jowar
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)

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8.5 Bajra
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Malt Spirit - Barley
8.6.1 Historical Trend (2018-2024)
8.6.2 Forecast Trend (2025-2034)
8.7 Graph Spirit
8.7.1 Historical Trend (2018-2024)
8.7.2 Forecast Trend (2025-2034)
8.8 Others
09 India Alcohol Market by Region
9.1 North India
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 South India
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 East India
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)

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9.4 West India
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Price Analysis
11.1 ENA Historical Price Trends (2018-2024) and Forecast (2025-2034)
11.2 Malt Spirit Historical Price Trends (2018-2024) and Forecast (2025-2034)

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11.3 Graph Spirit Historical Price Trends (2018-2024) and Forecast (2025-2034)
11.4 Rum Spirit Historical Price Trends (2018-2024) and Forecast (2025-2034)
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
12.5.1 Radico Khaitan Ltd.
12.5.1.1 Company Overview
12.5.1.2 Product Portfolio
12.5.1.3 Demographic Reach and Achievements
12.5.1.4 Certifications
12.5.2 Pernod Ricard India Private Ltd.
12.5.2.1 Company Overview
12.5.2.2 Product Portfolio
12.5.2.3 Demographic Reach and Achievements
12.5.2.4 Certifications
12.5.3 United Spirits Ltd
12.5.3.1 Company Overview

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12.5.3.2 Product Portfolio
12.5.3.3 Demographic Reach and Achievements
12.5.3.4 Certifications
12.5.4 Globus Spirits Limited
12.5.4.1 Company Overview
12.5.4.2 Product Portfolio
12.5.4.3 Demographic Reach and Achievements
12.5.4.4 Certifications
12.5.5 Jagatjit Industries Limited
12.5.5.1 Company Overview
12.5.5.2 Product Portfolio
12.5.5.3 Demographic Reach and Achievements
12.5.5.4 Certifications
12.5.6 Mohan Meakin Ltd
12.5.6.1 Company Overview
12.5.6.2 Product Portfolio
12.5.6.3 Demographic Reach and Achievements
12.5.6.4 Certifications
12.5.7 Sula Vineyards Ltd
12.5.7.1 Company Overview

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12.5.7.2 Product Portfolio
12.5.7.3 Demographic Reach and Achievements
12.5.7.4 Certifications
12.5.8 United Breweries Ltd
12.5.8.1 Company Overview
12.5.8.2 Product Portfolio
12.5.8.3 Demographic Reach and Achievements
12.5.8.4 Certifications
12.5.9 Som Distilleries and Breweries Ltd
12.5.9.1 Company Overview
12.5.9.2 Product Portfolio
12.5.9.3 Demographic Reach and Achievements
12.5.9.4 Certifications
12.5.10 Tilaknagar Industries Ltd
12.5.10.1 Company Overview
12.5.10.2 Product Portfolio
12.5.10.3 Demographic Reach and Achievements
12.5.10.4 Certifications
12.5.11 Others

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