Reforms, premium push expected to boost alcobev consumption, drive growth

As per industry estimates, India's alcobev market grew 3-4% year on year for the last decade in terms of volumes

- Varuni Khosla

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.