Impact Analysis of Covid-19

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India Gin Market 2017–2027

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).

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.

Changing demographics in India projected to augment the market growth of gin in India. According to the Coherent Market Insights, the legal drinking age in India varies from state to state. For instance, 18 years in Goa, Uttar Pradesh and Karnataka, 21 in Tamil Nadu and Andhra Pradesh, and 25 in Maharashtra, Delhi, and Punjab. Such a statistic serve India as an ideal country for the high growth of the gin market.

On basis of the zone, South zone dominated the global India gin market in 2018, accounting for 34.8% share in terms of volume, followed by West zone and North zone.

Figure 1. Global India Gin Market, Revenue Share (%), By Zone, 2018

India Gin  | Coherent Market Insights

Market Restraints

Concern such as labeling requirements rules imposed by the Food Safety and Standards Authority of India (FSSAI) make production and distribution of alcohol very complex activity as requires various touch points with administrative authorities around the various states of India. This is expected to hamper the market growth of gin.

Lower preference for gin in India as the majority of consumers in India prefers brown spirits such as brandy, whiskey, and rum over white spirits such as gin, vodka, and white. This is expected to hinder the market growth of gin. According to the Coherent Market Insights, white spirits accounted for a mere 5% share in overall IMFL consumption of the country for the year 2014. Hence, the high demand for brown spirits are likely to curb the growth of the gin market in the country.

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.

Figure 2. India Gin Market– Opportunity Analysis

India Gin  | Coherent Market Insights

Market Trends

The rising number of bars in India is projected to propel the growth of the India gin market over the forecast period. For instance, in January 2019, Sofitel Mumbai BKC launched a new gin bar, named Jyran Gin Bar, at Jyran – Tandoor Dining and Lounge. This bar is first of its kind in Mumbai and its menu comprises gin cocktails. Hence, an increasing number of bars in the region will favor the market growth of gin.

Increasing rebranding &redesigning by major players is expected to propel the market growth of gin over the forecast period. For instance, in June 2019, Porter’s Gin has launched a new bottle design across its markets featuring an update to the gin’s branding and logo developed by design agency Stranger & Stranger. It is available in nine markets including Singapore, Japan, China and France, Porter’s Gin plans to launch into the US, India, Australia and several other European markets by 2019.

Figure 3. India Gin Market, Revenue Share (%), By Product Type, in 2018

India Gin  | Coherent Market Insights

On the basis of product type in 2018, the Economy segment has accounted the largest market share of 98.8% in terms of volume, followed by premium & luxury

 

Figure 4. India Gin Market– Value Chain Analysis

India Gin  | Coherent Market Insights

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. This is a distilled alcoholic beverage that is produced from grain and various flavors with botanicals. This alcohol beverage produced from range of cereal grains such as rye, barley, corn, and wheat. The aroma and flavors in gin come from juniper berries as it is responsible for pine flavor. Moreover, the almond, fennel, cassia, coriander, anise, angelica, and citrus peels are the most commonly used botanical ingredients in the production of gin.

Market Dynamics

The global India gin market has witnessed significant growth in recent past years, owing to the increasing popularity of gin consumption in the region. Based on the product type, the India gin market is bifurcated into the economy and premium & luxury. Among these segments, the economy segment dominated the India gin market in 2018, owing to the increasing awareness and growing popularity of cocktails in the region. This factor is estimated to drive growth of the India gin market during the forecast period.

Furthermore, the South zone dominated the India gin market in 2018, owing to the growing demand for alcohol from this region. As a result, this scenario is estimated to foster the growth of the India gin market during the forecast timeframe.

Key features of the study:

  • This report provides in-depth analysis of the India gin market, market size (US$ Million, Thousand Cases), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019–2027).
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, India gin products, regional outlook, and competitive strategy adopted by the leading players.
  • Key companies covered as a part of this study includes 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.
  • It profiles leading players in the India gin market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics.
  • The India gin market report caters to various stakeholders in this industry, including investors, product developers, distributors, India gin companies, research institutes, new entrants, and financial analysts.
  • Stakeholders would greatly benefit in decision-making through the various strategy matrices used in analyzing the India gin market.

Market Taxonomy

  • India Gin Market, By Product Type:
    • Economy
    • Premium & Luxury
  • India Gin Market, By Zone:
    • North
      • By Product Type:
        • Economy
        • Premium & Luxury
    • South
      • By Product Type:
        • Economy
        • Premium & Luxury
    • East
      • By Product Type:
        • Economy
        • Premium & Luxury
    • West
      • By Product Type:
        • Economy
        • Premium & Luxury
  • Company Profiles
      • United Spirits Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Tilaknagar Industries Limited
      • Deejay Distilleries Private Limited
      • SNHL India Private Limited
      • Jagatjit Industries Limited
      • Mohan Meakin Limited
      • Radico Khaitan Limited
      • Globus Spirits Limited

 “*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Zone
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global India Gin Market, By Product Type, 2017 - 2027 (US$ Million, Thousand Cases)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Economy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million, Thousand Cases)
    • Premium & Luxury
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Million, Thousand Cases)
  5. Global India Gin Market, By Zone, 2017- 2027 (US$ Million, Thousand Cases)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North
      • Introduction
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million, Thousand Cases)
    • South
      • Introduction
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million, Thousand Cases)
    • East
      • Introduction
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million, Thousand Cases)
    • West
      • Introduction
      • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Million, Thousand Cases)
  6. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • United Spirits Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Tilaknagar Industries Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Deejay Distilleries Private Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • SNHL India Private Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Jagatjit Industries Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Mohan Meakin Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Radico Khaitan Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
      • Globus Spirits Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/ Updates
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 45 market data tables* and 30 figures* on "Global India Gin Market” – global forecast to 2027

Frequently Asked Questions

The India gin market is estimated to reach around US$ 413.7 Million by the end of 2027, in terms of revenue.
Major players operating in the India gin market include 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.
Lower preference for gin in India as the majority of consumers in India prefers brown spirits over white spirits such as gin is one of the major factors that is expected to hamper growth of the market over the forecast period.
Expanding urban population in Indiais one of the major factors that is expected to propel growth of the market over the forecast period.
The India gin market is estimated to exhibit a CAGR of 5.0% during the forecast period (2019-2027).
Among zones, South zone dominated the India gin market in 2018, accounting for 34.8% share in terms of volume, followed by West zone and North zone.
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