India Beer Market: Forecast By Types (Strong, Mild and Craft Beer), By Distribution Channels (On Trade And Off Trade), By Packaging Type (Canned Beer, Bottled Beer, And Draught Beer), By Demographics (Gender and Age Group), By Regions (North, East, West, South, and Central India) Industry Trends & Growth Analysis – Forecast 2020-2026
According to Pheonix Research, Beer Market in India is forecasted to grow at a CAGR of 11.4% during 2020-2026. Beer is one of the uttermost beloved alcoholic drinks in India and getting more attention in the present times due to urbanization, youth culture, and increasing disposable income in conjunction with the increasing number of quality bars in tier-1 and tier-2 cities. Beer is traditionally commenced in African and European countries. Many varieties of beer are available in India like Ale, Fruit Beer, Lager, Sahti, Small beer, and Wheat beer.
Based on Beer Type, The strong beer fragment holds the maximum share in terms of revenue in the overall Beer Market in India in 2019. The segment dominates during the forecast period as Indian consumers have a strong alcohol content over other mild and low-alcohol beers. Also, the mild beer segment is expected to set forth a prominent growth rate owing to the upsurge in choice headed for less volume alcoholic drinks and growing consciousness towards health.
By Packaging Type, Bottled packaging of beer is a very old way of packaging and distribution in India. The bottled beer segment acquired a top-notch revenue share in 2019. Canned beer is a new trend in India as it needs less space, is easy to carry and consume, quickly gets cool in the refrigerator, and can be easily disposable. Draught beer is gaining attention in India because of its freshness and taste but the availability is limited to big cities, costly equipment, and unexplored, especially in tier-2 and tier-3 cities restraining the market of Draught Beer in India
In terms of Distribution Channels, Off-trade channels inclusive of beer and wine stores, supermarkets, and hypermarkets held the lion’s share of the revenue in the Indian beer market in 2019.
Major companies in the Indian beer market include- United Breweries Limited, Molson Coors India Private Limited, AB InBev Private Limited, Carlsberg India Private Limited, Anheuser, Boston Beer, Grupo Modelo, and Mohan Meakin Limited.
“India Beer Market (2020-2026)” offers a comprehensive analysis with 42 figures and 9 tables covered in 123 pages. The report examines and forecasts the Indian beer market by beer type, distribution channel, packaging type, demographic, and region. The report also provides detailed insights on company benchmarking, competitive landscape, company profiles, market growth drivers, and restraints.
By Beer Types
• Strong Beer
• Mild Beer
• Craft Beer
By Distribution Channels
• On Trade
• Off Trade
By Packaging Type
• Canned Beer
• Bottled Beer
• Draught Beer
• Age Group
• Central India
Tags: India Beer Market, Strong Beer Market, India Beer Market Report, India Beer Market Outlook To 2027, India Craft Beer Market, Beer Companies Market In India, Premium Beer Market In India