With production value of USD6.2 billion, India accounts for 6.2% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 2.1% of total production output. The industry’s profitability increases and stands at 9.0% of production value in 2023, the 19th highest regionally. The costs of the industry increase by 0.7% in 2023, largely driven by rising B2B costs. The total number of companies increases in 2023, to 101,287 units. The industry is concentrated, with the top five companies generating 93.9% of total production value in 2023. United Spirits Ltd is the largest company in India, generating 24.5% of the industry’s total production value in 2023. India has the third largest market size for spirits regionally, with demand reaching USD11.4 billion in 2023. Households drive market demand, with household spending representing 82.0% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 4.0% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Spirits in India: ISIC 1551. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Spirits in India: ISIC 1551 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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