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Reforms, premium push expected to boost alcobev consumption, drive growth
Mint New Delhi
|July 10, 2025
As per industry estimates, India's alcobev market grew 3-4% year on year for the last decade in terms of volumes
India's alcoholic beverage (alcobev) industry crossed 408 million cases in 2024, with premium spirits driving growth in an increasingly reform-friendly regulatory environment. New data accessed exclusively by Mint shows structural changes—particularly at the state level—are poised to push this figure even higher in 2025, with a projected growth of over 5%.
The International Spirits & Wines Association of India (ISWAI), which represents global players like Bacardi, Diageo-United Spirits, and Campari, said India remains one of the largest liquor markets globally, with the sector growing at a steady 3% CAGR.
This story is from the July 10, 2025 edition of Mint New Delhi.
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