India’s alcoholic beverage industry is one of the biggest alcohol industries across the globe only behind two major countries such as China and Russia. It is expected to grow with a CAGR of 8.8% (2021-25). The growing demand for alcoholic beverages in India is majorly attributed to the huge young population base as well as rising disposable income is strengthening the industry. Despite the setbacks by the COVID-19 pandemic in terms of price hikes and taxation issues in India, this industry is growing.
So, what are the major growth drivers? What are the major challenges faced? How is this industry developing in India?
Do give a read to our analysis to answer all these questions and explore more about the Alcoholic Beverage industry.