Valley Cottage, NY -- (SBWIRE) -- 07/07/2020 -- India has undergone a significant transformation in terms of technology adoption in the last few years. According to Future Market Insights, increased adoption of technology across emerging segments is expected to open opportunities for premium alcohol markets in India. Consequently, new manufacturing plants are being established in the subcontinent to increase customer base and improve the quality of alcohol produced. The alcohol industry in India exhibits technological up gradation by introducing bioprocess technologies that can improve alcohol quality and increase production levels. A newly published report by Future Market Insights titled "Alcohol Market: India Industry Analysis and Opportunity Assessment, 2016–2026," offers insights on the advancements in the India alcohol market. What makes this report exclusive is the PESTLE analysis, through which our analysts have tried to highlight the political, economical, social, technological, legal and environmental factors impacting the India alcohol market over a projected 10 year forecast period from 2016 to 2026.

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After a comprehensive study of this market, our analysts have come to a conclusion that political instability and economic slowdown are two major factors expected to hinder the growth of the premium alcohol market in India. For instance, India has different regulations from the rest of the world. Every state has different rules for alcohol consumption. In some states such as Gujarat sale of alcohol is banned whereas in some states there is a time limit on the sale of alcohol. The study also demonstrates market dynamics that are expected to influence the current environment and future status of the India alcohol market over the forecast period. The primary objective of this report is to offer updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the India alcohol market.

An exclusive report with a detailed study of the alcohol market in all four regions of India

Overall internal competition in the India alcohol market is comparatively low due to less number of major providers of alcohol in the market. The report discusses how the overall competition in the market is steadily increasing. It also discusses various factors that are shaping internal as well as external competition in the India alcohol market. The report provides a market outlook for 2016–2026 and sets the forecast within the context of the India alcohol ecosystem, including new technological developments as well as product offerings in the India alcohol market. This study discusses key regional trends contributing to the development of the India alcohol market, as well as analyses the degree to which drivers are influencing the market in each region. Key regions assessed in this report include South India, North India, East India, and West India.

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A competitive landscape has been included in the report to provide readers with a dashboard view of key categories of providers who are primarily Indian alcohol suppliers. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the India alcohol market.

The key segments covered in this report are:

By Make -
Imported Liquor
Indian Made Foreign Liquor
Foreign Liquor Bottled in India
Indian Made Indian Liquor

By Gender -
Male
Female

Our research methodology

In this report, we have not only conducted the market forecast in terms of CAGR but have also analysed the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities. Also, another important feature of this report is the analysis of all key market segments in terms of absolute INR. Absolute INR opportunity analysis is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the India alcohol market.

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Yearly change in inflation rate has not been considered while forecasting market numbers

Product wise weighted Average Selling Price (ASP) has been considered to deduce market values

Top-down approach has been used to assess market numbers for each product category

Bottom-up approach has been used to counter validate the reached market numbers

Macroeconomic indicators such as GDP, wholesale and retail trade, merchandise trade, prices etc., have been considered to arrive at the indicated market numbers

All the values for market size are estimated in INR