Trade Resources Economy Indian Spirits Market Is Likely to Miss The Pace in The Next Few Years

Indian Spirits Market Is Likely to Miss The Pace in The Next Few Years

Indian spirits market is likely to miss the pace, at which it was growing before, in the next few years, finds a new report by UK-based research firm Wines & Spirits.

According to the report 'The Future of the Spirits Market in India, to 2016', the compound annual growth rate of the country's spirits market is forecasted to grow at 9% during 2011-16, against 12.08% during 2006-11.

A possible significant slowdown in the growth rate across all the industry segments - including brandy, gin & genever, liqueurs & cocktails, rum & cane spirits, specialty spirits, tequila & mezcal, vodka, and whiskey - will be the major reason behind the drop in overall growth rate.

The market size too has been estimated to grow slowly at 53.85% in the forecast period when compared to 76.85% in the review period, according to survey.

Among the segments, specialty spirits held the leading market share, holding around 67% in 2006 and 2011 and expected to continue the momentum until 2016 with a slight drop at 66.4%.

Whiskey is the second largest segment in India with around 20% share, and is likely to show a marginal growth in the share from 2006 through 2016.

The report also provides segment-wise consumption by channel, price segment, and alcoholic strength alongside off-premise and on-premise consumption analysis.

Source: http://www.drinks-business-review.com/news/indian-spirits-market-growth-to-slowdown-in-coming-years-report-240413
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Indian Spirits Market Growth to Slowdown in Coming Years