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Report
India Whiskey Market Report and Forecast 2024-2032
Market Report I 2023-12-11 I 177 Pages I EMR Inc.
India Whiskey Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the India whiskey market grew significantly in 2023. Aided by the growing predilection for premium alcoholic beverages and the expansive cultural acceptance of whiskey in India, the market is projected to further grow at a CAGR of 7.6% between 2024 and 2032.
Whiskey, a distilled alcoholic beverage made from fermented grain mash, has been intertwined with India's cultural, social, and economic fabric for decades. Given its deep-rooted presence in the country, India stands as the world's largest consumer of whiskey. Indian-made foreign liquor (IMFL), which includes a broad spectrum of whiskey, attributes a substantial share to the alcoholic beverage market of the nation. The preference for whiskey in India is not just confined to its traditional variants but spans a spectrum that includes single malts, blended scotch, and bourbon.
A discernible driver propelling the India whiskey market growth is the burgeoning middle class with increasing disposable income. This socio-economic group, with its evolving tastes and growing purchasing power, is actively seeking out refined and superior quality products. This shift towards premium products is palpable in the whiskey segment, with many consumers opting for high-end, aged, and luxury whiskey brands.
In addition to the economic factors, the cultural facets also significantly influence the India whiskey market outlook. Celebrations, gatherings, and social events often feature whiskey, reflecting its deep-rooted acceptance and popularity. This cultural inclination towards whiskey is further amplified by the burgeoning hospitality sector, with numerous bars, pubs, and restaurants curating extensive whiskey menus to cater to the diverse palate of Indian consumers.
However, innovation remains the cornerstone for many brands operating in the Indian whiskey market. Many are delving into craft whiskey, organic variants, and experimenting with unique aging techniques to cater to the evolving preferences of consumers. Collaborations with international brands and the launch of limited-edition whiskeys further underscore the dynamic nature of the market.
As per the India whiskey market analysis, global influences also play a pivotal role in shaping the market landscape in India. The influx of international tourists, returning expatriates, and the global media have introduced a myriad of global whiskey brands to the Indian audience. This exposure has instigated a demand for international whiskey varieties, leading to an uptick in imports and the establishment of international whiskey brands in the Indian market.
Market Segmentation
The market can be divided based on type, raw material, quality, size, and region.
Market Breakup by Type
- American Whiskey
- Irish Whiskey
- Scotch Whiskey
- Canadian Whiskey
- Others
Market Breakup by Raw Material
- Malt
- Wheat
- Rye
- Corn
- Blended
- Others
Market Breakup by Quality
- Premium
- High-End Premium
- Super Premium
- Others
Market Breakup by Size
- 180 ml
- 375 ml
- 750 ml
- Others
Market Breakup by Region
- North Region
- East and Central Region
- West Region
- South Region
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India whiskey market. Some of the major players explored in the report by Expert Market Research are as follows:
- Pernod Ricard
- Allied Blenders And Distillers Private Limited
- Radico Khaitan Limited
- Diageo plc
- Amrut Distilleries
- Paul John Whisky
- Tulleeho Portals Pvt. Ltd
- Beam Suntory Inc.
- The Macallan Distillers Limited
- William Grant & Sons
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Whiskey Market Overview
8.1 Key Industry Highlights
8.2 Global Whiskey Historical Market (2018-2023)
8.3 Global Whiskey Market Forecast (2024-2032)
8.4 Global Whiskey Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 India Whiskey Market Overview
9.1 Key Industry Highlights
9.2 India Whiskey Historical Market (2018-2023)
9.3 India Whiskey Market Forecast (2024-2032)
10 India Whiskey Market by Type
10.1 American Whiskey
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Irish Whiskey
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Scotch Whiskey
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Canadian Whiskey
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 India Whiskey Market by Raw Material
11.1 Malt
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Wheat
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Rye
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Corn
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Blended
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 India Whiskey Market by Quality
12.1 Premium
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 High-End Premium
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Super Premium
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 India Whiskey Market by Size
13.1 180 ml
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 375 ml
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 750 ml
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 India Whiskey Market by Region
14.1 North Region
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 East and Central Region
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 West Region
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 South Region
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter's Five Forces Analysis
15.2.1 Supplier's Power
15.2.2 Buyer's Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Trade Data Analysis (HS Code - 220830)
17.1 Major Importing Countries
17.1.1 By Volume
17.1.2 By Value
17.2 Major Exporting Countries
17.2.1 By Volume
17.2.2 By Value
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Pernod Ricard
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Allied Blenders And Distillers Private Limited
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Radico Khaitan Limited
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Diageo plc
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Amrut Distilleries
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Paul John Whisky
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Tulleeho Portals Pvt. Ltd
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Beam Suntory Inc.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 The Macallan Distillers Limited
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 William Grant & Sons
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Whiskey Market: Key Industry Highlights, 2018 and 2032
2. India Whiskey Market: Key Industry Highlights, 2018 and 2032
3. India Whiskey Historical Market: Breakup by Type (USD Million), 2018-2023
4. India Whiskey Market Forecast: Breakup by Type (USD Million), 2024-2032
5. India Whiskey Historical Market: Breakup by Raw Material (USD Million), 2018-2023
6. India Whiskey Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
7. India Whiskey Historical Market: Breakup by Quality (USD Million), 2018-2023
8. India Whiskey Market Forecast: Breakup by Quality (USD Million), 2024-2032
9. India Whiskey Historical Market: Breakup by Size (USD Million), 2018-2023
10. India Whiskey Market Forecast: Breakup by Size (USD Million), 2024-2032
11. India Whiskey Historical Market: Breakup by Region (USD Million), 2018-2023
12. India Whiskey Market Forecast: Breakup by Region (USD Million), 2024-2032
13. Major Importing Countries by Volume
14. Major Exporting Countries by Volume
15. Major Importing Countries by Value
16. Major Exporting Countries by Value
17. India Whiskey Market Structure
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