India Beer Market Anticipated to Grow at a CAGR of 10.9% during the Forecast Period 2016-2024

Posted February 27, 2019 by Steveblade

India beer market is majorly driven by South India in terms of both production and consumption. South India acquires 42.0% market share of total India beer market.
According to Goldstein Research, India beer market is expected to reach USD 23.5 billion by 2024, growing at a compounded annual growth rate of 10.9% over the forecast period 2016-2024. As beer is regarded as a social drink and the high population of urban youth, there is a huge drinking population which is propelling the growth of the beer market in India. Moreover, the fast rate of urbanization is an added growth factor to the market owing to the fact that beer is comparatively expensive and the beer preferring population majorly resides in urban cities. India beer market segmentation has been carried out on the basis of product type, packaging type, distribution channel and geography. Based on product type, non-craft beer is most preferred in India and thus it acquires the largest market share. But the increasing trend of craft beer in India tends to dominate the market share over the forecast period.
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Market Segmentation
On the basis of our in-depth analysis, India Beer Market can be segmented as follows:
By Product Type
• Craft Beers
• Non-Craft Beers
• Domestic
• Imported
By Packaging Type
• Bottled Beers
• Canned Beers
• Draught Beers
By Distribution Channel
• Retails
• Institutional Sales
• Microbrewery
By Geography
• North India Beer Market
• South India Beer Market
• West India Beer Market
• East India Beer Market
India Beer Market report by Goldstein Research contains a detailed overview of the India beer market. Further, for the in-depth analysis, India Beer Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as SABMiller plc, Anheuser-Busch InBev, Carlsberg, United Breweries Ltd, Heineken NV, Carlsberg Breweries A/S, Cerana Beverages, Arbor Brewing Company India, Gateway Brewing Company, Anheuser, Boston Beer, Grupo Modelo,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the India beer market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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Last Updated February 27, 2019