India gin market is projected to reach around US$ 413.7 million by the end of 2027

Gin is an alcoholic beverage that is basically produced by the distillation process and composed of different grain and flavors. The main ingredient present in the gin is juniper berries and gin is a native Dutch. It was originally produced to cleanse the blood of the people suffering from kidney disorders. Some of the cereal grains used to produce to gin are rye, barley, corn, and wheat and because of this, the gin is clear. However, some may get a golden yellow color due to different production processes. The use of juniper makes a unique flavor which makes it different from other liquor. Gin is mainly drink with mixed alcohol or it can be consumed straight. Moreover, the gin also has various health benefits such as blood purification.

The India gin market is projected to reach around US$ 413.7 million by the end of 2027, in terms of revenue, growing at CAGR of 5% during the forecast period (2019-2027).

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Drivers

Expanding urban population in India is predominantly fueling the market growth of gin. According to the World Data Atlas, in 2019, the urban population for India was 34.5 %. The urban population of India increased from 19.8 % in 1970 to 34.5 % in 2019 growing at an average the annual rate of 1.14%. Hence, expanding urban population coupled with the rising adoption of western culture is projected to augment the growth of the India gin market over the forecast period.

Market Opportunities

Strong distribution network among leading Indian-made foreign liquor players is projected to favor the market growth over the forecast period. According to the Coherent Market Insights analysis, Radico has the second-largest distribution network in India, after United Spirits. It sells through 35,000 retail outlets that cater to almost 80% of India’s liquor consuming areas. It has also made inroads into the Canteen Stores Department (CSD).

Increasing consumption of alcohol among women is projected to raise the demand for a white spirit such as gin and vodka this in turn is expected to foster market growth. According to the Coherent Market Insights analysis, women are 50% more likely to drink to get drunk, and twice as likely to get drunk unintentionally. Moreover, young women are also more likely than young men to drink and approximately 5% of adult women consume alcohol on average.

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Competitive Section:

Key players operating in India gin market are United Spirits Limited, Tilaknagar Industries Limited, Deejay Distilleries Private Limited, SNHL India Private Limited, Jagatjit Industries Limited, Mohan Meakin Limited, Radico Khaitan Limited, and Globus Spirits Limited

Gin is an alcoholic beverage that is basically produced by the distillation process and composed of different grain and flavors. The main ingredient present in the gin is juniper berries and gin is a native Dutch. It was originally produced to cleanse the blood of the people suffering from kidney disorders. Some of the cereal grains used to produce to gin are rye, barley, corn, and wheat and because of this, the gin is clear. However, some may get a golden yellow color due to different production processes. The use of juniper makes a unique flavor which makes it different from other liquor. Gin is mainly drink with mixed alcohol or it can be consumed straight. Moreover, the gin also has various health benefits such as blood purification.

The India gin market is projected to reach around US$ 413.7 million by the end of 2027, in terms of revenue, growing at CAGR of 5% during the forecast period (2019-2027).

Get a Sample Copy + All Related Graphs & Charts:  https://www.coherentmarketinsights.com/insight/request-sample/3674 

Drivers

Expanding urban population in India is predominantly fueling the market growth of gin. According to the World Data Atlas, in 2019, the urban population for India was 34.5 %. The urban population of India increased from 19.8 % in 1970 to 34.5 % in 2019 growing at an average the annual rate of 1.14%. Hence, expanding urban population coupled with the rising adoption of western culture is projected to augment the growth of the India gin market over the forecast period.

Market Opportunities

Strong distribution network among leading Indian-made foreign liquor players is projected to favor the market growth over the forecast period. According to the Coherent Market Insights analysis, Radico has the second-largest distribution network in India, after United Spirits. It sells through 35,000 retail outlets that cater to almost 80% of India’s liquor consuming areas. It has also made inroads into the Canteen Stores Department (CSD).

Increasing consumption of alcohol among women is projected to raise the demand for a white spirit such as gin and vodka this in turn is expected to foster market growth. According to the Coherent Market Insights analysis, women are 50% more likely to drink to get drunk, and twice as likely to get drunk unintentionally. Moreover, young women are also more likely than young men to drink and approximately 5% of adult women consume alcohol on average.

Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3674

Competitive Section:

Key players operating in India gin market are United Spirits Limited, Tilaknagar Industries Limited, Deejay Distilleries Private Limited, SNHL India Private Limited, Jagatjit Industries Limited, Mohan Meakin Limited, Radico Khaitan Limited, and Globus Spirits Limited