India Beer Market (2018-2024) | Outlook, Size, Share & 6wresearch

India beer market is witnessing significant growth on account of surging consumer preference for beer over other alcoholic drinks in the past few years. Increasing personal disposable income, urbanization along the growing acceptance of social drinking are further complementing the India Beer Market Growth. The increase in the working population, a spur in the upper-middle-class group, and an increase in the number of female drinkers are expected to, further, assist the India Beer Market Share during the upcoming years. Moreover, the addition of multiple flavors is likely to boost the beer market. The growth of the market is also driven by the growing penetration of alcoholic beverages. Non-alcoholic and flavor beer is likely to drive the youth population further leading to the development of the Beer market in India in 2018.

According to 6Wresearch, India beer market size is projected to grow at a CAGR of over 7.6% during 2018-2024. With the changing trends of the market, beer is expected to draw a considerable market share in the coming years. The addition of new flavors, a rise in the production of non-alcoholic beers, and an increase in the growth the affordability of consumers are expected to shape the overall India Beer Market Growth during the upcoming years.

India beer market is expected to register significant growth in the coming years backed by the rising number of beer consumers in the country. Rising consumer expenditure over authentic craft beer as compared to premium beer is expected to drive potential market growth for the Beer Industry in India in the coming years. Also, according to the All-India Brewers Association, the beer sales in India are expected to witness a 20 percent growth each year as compared to what was witnessed during the past years with a growth rate of around 5-7 percent owing to an increase in women consumers along with the rising expenditure of millennial for craft authentic beer. Further, based on the regional breakup of the country, the western region is anticipated to dominate the overall India Beer Market Revenue with the majority of the beer manufacturing concentrated in Mumbai along with the initial testimonials being taken place in the city.

6Wresearch is a market research & consulting firm specializing in assisting market entry and growth strategies. Related report:- Middle East Fire Safety Systems & Equipment Market