Pro
Food & Beverage
Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 109.937527777066 USD Million |
| 2019 | 110.528513951552 USD Million |
| 2020 | 97.0021965633388 USD Million |
| 2021 | 104.267175628033 USD Million |
| 2022 | 106.188451418026 USD Million |
| 2023 | 115.491601077589 USD Million |
| 2024 | 121.326176411688 USD Million |
| 2025 | 129.228605368239 USD Million |
| 2026 | 138.387097985888 USD Million |
| 2027 | 147.438269379824 USD Million |
| 2028 | 156.153439853189 USD Million |
| 2029 | 165.653284924657 USD Million |
| 2030 | 174.542382649947 USD Million |
| 2031 | 185.923641384091 USD Million |
| 2032 | 197.279802570787 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The Indian Alcoholic Beverages Market has been on a steady growth trajectory in the past few years with increasing disposable incomes and a rise in consumerism. It is expected to continue on the same path in the near future. Market research analysts have predicted that the market will grow at a CAGR of 8.7% till 2032, reaching an estimated market size of about INR 5.2 trillion. The Indian Alcoholic Beverages market can be divided into five main segments – beer, wine, spirits, RTDs (Ready-to-Drink) and other alcoholic beverages. Beer is the most popular alcoholic beverage in the country, and its share in the industry is estimated to have been around 30% in 2020. Other segments such as wine, spirits and RTDs are gaining traction, growing at a much faster rate than the beer segment. Government policies and regulations, increasing tourist arrivals, rising disposable incomes and changing consumer preferences have been the key drivers for the growth of the alcohol industry in India. Other factors such as the growing number of modern retail formats, the increasing popularity of craft beer, and the rising popularity of imported brands have also been contributing to the growth of the industry.
As per industry estimates, the consumption of ready-to-drink (RTDs) and malt-based beverages is increasing rapidly, mainly due to the rise in the number of young drinkers, promotion of these products by companies, and rising demand from women consumers. The spirit segment is dominated by whisky, rum, and brandy, which together form about 80% of the total liquor sales. Wine consumption is also on the rise, with growing consumer inclination towards premium and imported wines. Overall, with the growth of modern retail formats, increasing consumer disposable incomes, and changing lifestyles, the demand for alcoholic beverages in India is likely to remain strong in the upcoming years. This in turn will help expand the Indian Alcoholic Beverage market to INR 5.2 trillion by 2032.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.