India Beer Market to Grow with a CAGR of 5.8% through 2030
The
India’s beer market is driving owing to the increasing preference for alcoholic
beverages, especially among millennials, during social and cultural events, as
well as the changing lifestyles of consumers and the rising brand consciousness
regarding imported and premium beers.
According to
TechSci Research report, “India Beer Market – By Region, Competition Forecast & Opportunities, 2030F”, India Beer
Market was valued at USD 11.36 Billion in 2024 and is expected to reach USD
15.93 Billion by 2030 with a CAGR of 5.8% during the forecast period. The India
beer market is one of the most dynamic segments of the country’s alcoholic
beverage industry, marked by significant growth in recent years. This growth is
driven by a confluence of demographic shifts, changing consumer preferences,
and evolving socio-economic factors. However, the market also faces several
challenges that could impede its expansion. India’s large and young population
is a crucial driver of the beer market. With over 65% of the population under
the age of 35, there is a strong demand for beer, which is often the preferred
choice of alcohol among younger consumers. Traditional societal norms in India
have often frowned upon alcohol consumption, particularly among women. However,
these attitudes are gradually shifting, especially in urban areas. As more
women enter the workforce and gain financial independence, there is an
increasing acceptance of social drinking, which has broadened the customer base
for beer companies.
The craft beer
movement has gained momentum in India, particularly in metropolitan areas like
Bengaluru, Mumbai, and Delhi. Consumers, especially millennials, are
increasingly seeking unique and artisanal beer experiences, leading to the rise
of microbreweries. This trend is fostering innovation and differentiation
within the beer market. The Indian beer market is heavily regulated, with
stringent state-level laws governing production, distribution, and sale.
Additionally, high taxes and duties on beer make it relatively expensive, which
can deter consumption. The tax structure varies from state to state, adding
complexity for manufacturers and distributors. Beer faces stiff competition
from other alcoholic beverages such as whiskey, rum, and vodka, which have
traditionally been more popular in India. The preference for stronger spirits
is deeply rooted in Indian drinking culture, making it challenging for beer to
capture a larger share of the alcoholic beverage market. The COVID-19 pandemic
has had a significant impact on the beer market in India, with lockdowns and
restrictions on social gatherings leading to a decline in on-premises sales.
Although there has been a recovery, the long-term impact of the pandemic on
consumer behavior and market dynamics remains uncertain. The India beer market
presents substantial growth opportunities driven by demographic trends,
changing social norms, and rising disposable incomes, it also faces significant
challenges such as regulatory hurdles, cultural sensitivities, and competition
from other alcoholic beverages. Navigating these challenges will be crucial for
sustained growth in the market.
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market data Figures spread through xx Pages and an in-depth TOC on
"India Beer Market.”
The India beer market
is segmented into product type, flavor, distribution channel, region, and
company.
The India beer market is segmented based on distribution channel into on-trades,
and off-trades, with the on-trade segment, which includes bars, pubs,
restaurants, and hotels, has emerged as the fastest-growing channel in recent
years. This growth is fueled by several factors that reflect changing consumer
behaviors, urbanization, and the evolution of social drinking culture in India.
With the rapid urbanization of India, particularly in metropolitan areas like
Mumbai, Delhi, Bengaluru, and Pune, there has been a significant shift in
lifestyle patterns. As more people move to cities, they are exposed to diverse
social experiences, including dining out and socializing in bars and pubs. This
shift has led to increased footfall in on-trade establishments, where consumers
are more likely to experiment with different types of beer, including craft and
premium varieties. Social drinking is becoming more acceptable in Indian
society, especially in urban areas. This change in social norms has encouraged
the growth of bars and pubs, which are increasingly seen as safe and socially
acceptable spaces for both men and women to enjoy alcoholic beverages,
including beer. On-trade venues
provide a unique consumer experience that cannot be replicated by off-trade
channels like liquor stores or supermarkets. The ambiance, service, and the
opportunity to try a variety of beers on tap or in bottles make on-trade
establishments particularly appealing to consumers seeking a more engaging and
enjoyable drinking experience. The rise of microbreweries across India has
significantly boosted the on-trade segment. Microbreweries often operate their
own pubs or taprooms, where they serve freshly brewed beer, attracting beer
enthusiasts who value quality and variety. These establishments have become
popular social hubs, further driving the growth of the on-trade channel. In
conclusion, the on-trade channel is set to play a pivotal role in the future
expansion of the India beer market, driven by urbanization, changing social
norms, and a growing preference for experience-driven consumption.
Major companies
operating in India beer market are:
- United Breweries
Limited
- B9 Beverages Private Limited
- Arbor Brewing Company (India) Private Limited
- Carlsberg India
Private Limited
- Devans Modern
Breweries Limited
- SOM Distilleries
and Breweries Limited
- Gateway Brewing
Co. LLP
- Khemani
Distilleries Pvt. Ltd
- Inbrew Beverages
Private Limited
- Onkara
Beverages & Hospitality Private Limited
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“The
craft beer segment in India is expanding swiftly, fueled by a burgeoning
interest in unique and artisanal brews. This trend is particularly pronounced
among the young, adventurous demographic, including millennials and Gen Z, who
seek distinctive flavors and experiences beyond mainstream options. Craft
breweries are proliferating in metropolitan areas like Bengaluru, Mumbai, and
Delhi, offering diverse and innovative products. This shift towards craft beer
is also supported by growing consumer knowledge and appreciation for brewing
techniques and ingredients, contributing to the segment's rapid growth and the
emergence of a vibrant craft beer culture in India“, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
India Beer
Market By Product Type (Standard Lager, Premium Lager, Specialty Beer), By
Flavor (Flavored, Non-flavored), By Distribution Channel (On-Trades,
Off-Trades), By Region, Competition Forecast & Opportunities, 2020-2030F”, has evaluated
the future growth potential of India beer market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the India beer market.
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