India Alcohol Industry 2034 Business Outlook, Critical Insight and Growth Strategy
India’s alcohol industry size is estimated to reach US$ 55,840.0 million in 2024. Sales of alcoholic beverages in the nation will likely rise at 7.2% CAGR throughout the assessment period, totaling US$ 112,338.9 million by 2034.
Demand for spirits like vodka, whisky, and rum in India remains exceptionally high. As per the latest alcohol industry analysis, the spirits segment is anticipated to total a staggering valuation of US$ 50,552.1 million by 2034.
India’s alcohol industry is heavily influenced by changing demographics and lifestyles. With a growing young population and increasing urbanization, there is a rising demand for alcoholic beverages, particularly among the younger demographic who view alcohol consumption as a part of socializing and entertainment.
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