The revenue, combined in the 'Spirits' segment of the alcoholic drinks market in India was forecast to continuously increase between 2024 and 2029 by in total 6.3 billion U.S. dollars (+21.16 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 36.12 billion U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Spirits market includes alcoholic beverages that have been produced through the distillation of wine, fermented fruits, or grains. Due to the distillation process, the alcohol content of spirits is much higher than that of most wines and beers, typically ranging from 20% to 50% alcohol by volume (ABV).
Structure:
The Spirits market is divided into 8 markets:
The Whisky market encompasses spirits on a grain basis that have been aged in wooden casks for a duration of at least three years.
The Vodka market encompasses spirits based on grain and/or potatoes.
The Rum market encompasses spirits based on sugar cane.
The Gin market encompasses spirits based on juniper berries.
The Brandy market encompasses spirits based on fermented fruit juice.
The Tequila market encompasses spirits made primarily from the blue agave plant (Agave tequilana) in Mexico.
The Soju market encompasses the Korean distilled beverage, Soju, which is traditionally made from rice, barley, or sweet potatoes.
The Liqueurs & Other Spirits market encompasses all other spirits not previously mentioned as well as Ready-to-Drink (RTD) cocktails.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.
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Statista Market Insights. (June 14, 2024). Revenue of spirits segment in the alcoholic beverage market in India from 2018 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1429877/india-spirits-market-revenue
Statista Market Insights. "Revenue of spirits segment in the alcoholic beverage market in India from 2018 to 2029 (in billion U.S. dollars)." Chart. June 14, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1429877/india-spirits-market-revenue
Statista Market Insights. (2024). Revenue of spirits segment in the alcoholic beverage market in India from 2018 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1429877/india-spirits-market-revenue
Statista Market Insights. "Revenue of Spirits Segment in The Alcoholic Beverage Market in India from 2018 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1429877/india-spirits-market-revenue
Statista Market Insights, Revenue of spirits segment in the alcoholic beverage market in India from 2018 to 2029 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1429877/india-spirits-market-revenue (last visited November 10, 2024)
Revenue of spirits segment in the alcoholic beverage market in India from 2018 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, June 14, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1429877/india-spirits-market-revenue