Market Overview

Alcohol is chemically known as ethanol or ethyl alcohol, which is mainly found in wine, beer, and spirit that leads to drunkenness. Alcohol is produced by fermentation of yeast. For instance, wine is produced from the sugar present in grapes, similarly, beer, cider, and vodka are produced from the sugar in malted barley, apples, and potatoes respectively. Alcohol is basically classified as a sedative-hypnotic drug that depresses the central nervous system.
Growth in urban population coupled with the increasing disposable income is projected to propel the market growth of alcohol. Moreover, the advent of variety in the flavor of alcohol coupled with the expanding product portfolio by the manufacturers has further projected to boost the growth of alcohol market. For instance, in July 2019, Coca-Cola (Japan) Co. announced the preparation for its official entry into the nation’s alcoholic beverage market. Further, in May 2018, the company launched a canned ch?hai spirit-based product in the Kyushu region on a trial basis.
Request Copy Of This Business Report:https://www.coherentmarketinsights.com/market-insight/india-alcohol-market-3145

Market Dynamics
Rising number of millennial population and changing lifestyle patterns is a major driver in case of the growth. For instance, as per the India Brand Equity Foundation, in September 2018, millennials constituted 47% of the total Indian working population which will lead to an increasing disposable income. Moreover, the increasing demand for cafes, bars, are thereby expected to lead to an increased demand for alcohol during the forecast period.
Among type, beer segment is expected to hold significant market revenue share over the forecast period. This is owing to increasing demand of cereals across the globe due to its easy availability and nutritional benefits. For instance, beer includes various health benefits such as it helps prevent kidney stones, strengthens bones, helps in reducing stress, and lowers bad cholesterol. Apart from the above mentioned benefits, beer is a rich source of vitamin B6. These benefits of beer are expected to lead to an increasing demand for beer segment during the forecast period.
Detailed Segmentation:
• India Alcohol Market, By Type:
◦ IMFL
◦ Beer
◦ Wine
◦ Country Liquor
• India Alcohol Market, By Origin Type:
◦ Imported Liquor
◦ Indian Made Foreign Liquor
◦ Foreign Liquor Bottled in India
◦ Indian Made Indian Liquor
• India Alcohol Market, Average spending on alcoholic beverage, by Gender:
◦ Male
◦ Female
• India Alcohol Market, By Ingredients:
◦ Grains
◦ Molasses
◦ Fruits & Vegetables
Key companies covered as a part of this study includes, United Spirits Limited, Tilaknagar Industries Ltd., Jagatjit Industries, Mohan Meakin, Globus Spirits, Allied Blenders and Distillers Pvt., SAB Miller, Radico Khaitan Limited, Khemani Group, SOM Distilleries and Breweries, and Carlsberg A/S
About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Name: Mr. Raj Shah
Phone: US +12067016702 / UK +4402081334027
Email: [email protected]
Visit Our Blogs:https://blog.coherentmarketinsights.com