India Beer Market Expanding at a CAGR of 10.9% during the Forecast Period (2016-2024)

Posted on 2018-09-18 by Goldstein Research in Food & Beverage // 0 Comments

New York, USA, 2018-Sep-18 — /EPR Network/ —According to Goldstein Research, India beer market is expected to reach USD 23.5 billion by 2024, growing at a compounded annual growth rate of 10.9% over the forecast period 2016-2024. As beer is regarded as a social drink and the high population of urban youth, there is a huge drinking population which is propelling the growth of the beer market in India. Moreover, the fast rate of urbanization is an added growth factor to the market owing to the fact that beer is comparatively expensive and the beer preferring population majorly resides in urban cities. India beer market segmentation has been carried out on the basis of product type, packaging type, distribution channel and geography. Based on product type, non-craft beer is most preferred in India and thus it acquires the largest market share.

But the increasing trend of craft beer in India tends to dominate the market share over the forecast period. India beer market is majorly driven by South India in terms of both production and consumption. South India acquires 42.0% market share of total India beer market. But the number of urban cities in North and West India is expected to acquire considerable market share by 2024.

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Market Segmentation

On the basis of our in-depth analysis, India Beer Market can be segmented as follows:

By Product Type

Craft Beers
Non-Craft Beers
Domestic
Imported

By Packaging Type

Bottled Beers
Canned Beers
Draught Beers

By Distribution Channel

Retails
Institutional Sales
Microbrewery

By Geography

North India Beer Market
South India Beer Market
West India Beer Market
East India Beer Market

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“India Beer Market Outlook 2024” contains a detailed overview of the India beer market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, packaging type, and distribution channel.

Further, for the in-depth analysis, India Beer Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as SABMiller plc, Anheuser-Busch InBev, Carlsberg, United Breweries Ltd, Heineken NV, Carlsberg Breweries A/S, Cerana Beverages, Arbor Brewing Company India, Gateway Brewing Company, Anheuser, Boston Beer, Grupo Modelo,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the India beer market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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