India Mead Beverage Market to Grow with a CAGR of 4.77% through 2030F
The India Mead Beverage
Market is growing due to changing consumer
preferences for unique, craft drinks, the rise of health-conscious choices due
to mead’s natural ingredients, and the growth of the craft alcohol sector in
urban areas.
According
to TechSci Research report, “India Mead Beverage Market – By Region, Competition, Forecast & Opportunities, 2020-2030F”, the India Mead Beverage Market was valued at USD 59.12 Million in 2024
and is expected to reach USD 78.20 Million by 2030 with a CAGR of 4.77% during
the forecast period. The
India mead beverage market is emerging as a niche yet promising segment in the
country’s alcoholic beverage industry. Mead, an ancient alcoholic drink made by
fermenting honey with water, is gaining traction among Indian consumers seeking
unique and artisanal beverages. Traditionally overshadowed by beer, whiskey,
and wine, mead is now carving out its space in urban areas, thanks to
increasing consumer awareness and the rise of the craft alcohol movement. The
market is driven by a mix of factors, including changing consumer preferences,
health-conscious trends, and the growing popularity of innovative flavor
profiles.
The market is supported by several key
drivers that contribute to its growing acceptance. Firstly, changing consumer
preferences play a crucial role, particularly among millennials and urban
residents who are actively exploring craft and artisanal alcoholic options. The
versatility of mead, with its ability to be customized with fruits, spices, and
herbs, aligns well with the desire for unique drinking experiences. Secondly,
health-conscious trends have positively influenced the market. Mead’s natural composition,
primarily made from honey, appeals to consumers looking for beverages with
fewer artificial additives and a perceived health benefit.
Despite its potential, the India mead
beverage market faces several challenges. Limited consumer awareness remains a
significant hurdle, as many Indians are still unfamiliar with mead as a
beverage option. The lack of knowledge about its production process, flavor
profiles, and cultural significance makes it difficult for producers to
penetrate the broader market.
Several recent trends have emerged,
shaping the future of the India mead beverage market. The rise of flavored and
fruit-infused meads is gaining traction, catering to younger consumers who
prefer refreshing and innovative beverages. Flavors like mango, berry, and
citrus are particularly popular, offering a localized twist to the traditional
recipe.
Browse over xx market data Figures spread through xx Pages and an in-depth TOC on " India Mead Beverage Market”
The India Mead
Beverage Market is segmented into product type, sales channel, regional
distribution, and company.
Based
on product type, Fruit mead is the fastest-growing segment in the India mead
beverage market, driven by its refreshing and innovative flavor profiles that
appeal to younger and experimental consumers. Infused with fruits like mango,
berry, and citrus, fruit meads offer a localized twist, enhancing their
popularity in urban areas. This segment aligns with the rising demand for craft
beverages that combine natural ingredients and unique tastes. Additionally,
fruit meads cater to the evolving preference for lighter, flavorful alcoholic
options. As producers continue to innovate with seasonal and exotic fruits, the
fruit mead segment is poised for rapid growth, capturing a larger market share.
Based on region, West region is the is the
fastest-growing market for mead beverages. Cities like Mumbai, Pune, and
Ahmedabad are witnessing a surge in demand for craft alcohol, including mead,
driven by their thriving urban culture and increasing disposable incomes. The
presence of a younger demographic with a penchant for experimenting with unique
alcoholic beverages is a significant factor. Additionally, the region's
proximity to leading mead producers and the growing popularity of craft alcohol
festivals and tasting events further contribute to its rapid growth. As
awareness expands, the Western region is emerging as a key market for mead in
India.
Major companies
operating in India Mead Beverage Market are:
- Moonshine
Meadery
- Cerana
Meads
- Hill
Zill Wines Pvt. Ltd. (Arka)
- Salud
Beverages Pvt Ltd.
- Stump
Meads
- No
Label Mead
- Etowah
Meadery, Corp.
- Schramm's
Mead
- The
Honey Wine Company, LLC
- Modern
Methods Brewing Company
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“The India mead beverage market is driven
by changing consumer preferences for craft and unique alcoholic drinks,
increasing health-consciousness due to mead’s natural honey base, and the rise
of the craft alcohol sector. Key trends include the growing popularity of
flavored and fruit-infused meads, a focus on artisanal small-batch production,
and expanded availability through e-commerce platforms.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“India Mead Beverage
Market By Product Type (Traditional Mead, Fruit Mead), By Sales Channel (Liquor
Stores, On-Premises, Others), By Region, Competition, Forecast &
Opportunities, 2020-2030F”, has evaluated the future growth potential of India
Mead Beverage 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 Mead Beverage
Market.
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