Opportunities in the Indian Alcoholic Beverages Market webinar
The UK India Business Council is delighted to invite you to join our upcoming webinar on opportunities in the Indian alcoholic beverages market. The webinar will take place on Tuesday, 4 December from 10:00 am (GMT).
The UK India Business Council is delighted to invite you to join our upcoming webinar on opportunities in the Indian alcoholic beverages market. The webinar will take place on Tuesday, 4 December from 10:00 am (GMT).
The Indian alcoholic beverages market is the third largest and one of the fastest growing in the world with the current valuation at £26.8 billion accompanied by the high growth rate of 7.9% per annum (CAGR 2018-2021). Also in terms of volume, Indian alcoholic beverages industry is a leader with 850 million cases consumption per annum from three main segments – country origin liquor, Indian made foreign liquor (IMFL) and beer with the market being dominated by domestically produced spirits.
Rapid growth of the alcoholic beverages industry in India is fueled by rise in disposable income of the Indian population accompanied by changing consumption behavior. As the consumption by women in tier 1 & 2 cities has increased along with the rising popularity of alcoholic drinks amongst India’s huge young population base. Around half of the 1.3 billion people are under 25 and most of the alcohol is consumed by people between the ages of 25 and 40.
Premiumisation is another significant trend which results in increased consumption of the alcoholic beverages, as manufacturers launch premium drinks across different categories and consumers trade up for better quality brands and imported products. Just as rise in consumption of premium craft beer by middle and upper class population in India.
Join our webinar to hear more of these practical and useful insights on opportunities for UK companies in the key alcoholic beverage sub-sectors in India. Furthermore, our webinar will provide guidance on the effective ways to enter, and succeed in, a large and diverse market that is India. Participants will also have the opportunity to get answers from experienced industry professionals on questions they have about the market.
To join the webinar, please register here.
SPEAKER’S PROFILE
Mita Chopra, Engagement Manager & Lead for Food & Drink, Retail, Ecommerce – UKIBC, has 10 years’ experience focusing on Food & Drink, Retail and Consumer Products. She has advised leading UK Food & Drink companies on India market entry, operations and expansion strategy, the regulatory landscape and partnerships. She has in-depth knowledge of changing consumer trends, behaviour and expectations, and market dynamics.
Sandeep Arora, Director – Spiritual Luxury Living Pvt. Ltd., has over 28 years’ of professional marketing experience & has worked in the past with over 40 global brands, across lifestyle, leisure & luxury segments. He completed his MBA in international marketing, from a leading Australian University along with marketing courses from leading institutions in India. He is a certified ambassador of whisky and was instrumental in introducing the concept of Rare Whiskies, in India, in 2003. He possesses deep knowledge of the Indian alcoholic beverage industry and is also the co-founder of Cast Spirit Marketing (CSM).
running order
10.00 AM: Welcome and introduction by Mita Chopra, Engagement Manager – Food and Drink, UK India Business Council
10:03 AM: Overview of the Indian Alcoholic Beverage industry by Mita Chopra, Engagement Manager – Food and Drink, UK India Business Council
10.10 AM: Detailed analysis and presentation of the Indian Alcoholic Beverage industry by Mr. Sandeep Arora, CEO – Spiritual Luxury Living Pvt. Ltd.
10.25 AM: Q&A session
10.40 AM: Closing remarks
10.45 AM: Webinar comes to a close
