Vodka is a clean, tasteless, distilled alcoholic beverage that is made from grains or vegetables and comprises primarily water and ethanol. It is one of those spirits in which the delicate flavour of the base ingredient used to manufacture it may or may not be tasted in the final product. The beverage is sold almost unaged and can be consumed straight, mixed, or served chilled with ice. There are a number of health benefits associated with vodka as long as it is consumed in moderation. Vodka can relieve stress and help boost blood flow and circulation in the body. This helps prevent clots, strokes, and other heart diseases. Furthermore, drinking vodka may also help lower cholesterol levels. Since it’s a low-calorie beverage, it keeps the fitness levels in check. Mixing vodka with water and using this mix as a rinse after washing hair can help eliminate product buildup on the scalp. This combination also helps boost hair growth and gives a natural shine. Furthermore, if it is mixed with different ingredients like rosemary, honey, and conditioner, it can reduce frizz, dandruff, and hair loss. It boasts disinfectant properties, and if diluted in equal parts with water, it can help clean pores. Some research also suggests using vodka to tighten skin, detoxify it and prevent breakouts. Vodka has the potential to serve as an analgesic; a post-meal rinse of bad breath can be treated with a shot of vodka and can induce sleep.
According to the research report published by Bonafide Research, "Vodka & Gin Market Outlook, 2027", the Indian Vodka market observed a growth of 12.24% during 2016–2021 and the Indian Gin market grew at a CAGR of 9.17%. Vodka and gin are the least consumed alcoholic beverages in India. The market for these spirits has been growing slowly with the rise of the best vodka and gin brands in India. By the end of the forecast period, it is expected that total vodka and gin consumption will reach 17.66 million cases and 4.43 million cases, respectively. The big players in the liquor market are optimistic about bringing in luxury vodka and gin to the country. With an increase in the disposable income of Indian consumers, the increasing number of bars in the country, and the rising party culture, the Indian vodka and gin market is expected to grow. The economical gin in the price range of INR 200 to INR 599 is the most savoured gin by Indians as the majority of them prefer to spend less on liquor. People living in urban areas consume more vodka and gin than their rural counterparts, as these are still perceived as luxury alcohol drinks.
Gin, traditionally a conventional drink, is perceived as an old man's drink or a lady's choice. However, because of its versatility, western culture has recently influenced the younger demographic to a new found love.Gin is a distilled alcoholic drink that derives its predominant flavour from juniper berries. Gin adoption by popular mixologists, pop culture driven by popular web series, and celebrity endorsements have all contributed to the segment's visibility and credibility, ushering in an era of Gin renaissance.A team of five men co-founded an entity, World of Brands (WoB), and recently launched an all-new gin brand, "Great Indian Gin" (GIG), under the customization guidance of master blender N.J. Menon, who concocted it for the Indian palate.
It’s not just entrepreneurs favouring gin who are turning to Goa as their first-choice destination. Today, this region is home to a widening portfolio of craft beer, vodka, whiskey, agave spirits, and more. Nao Spirits, India's first craft gin producer, was founded in 2015. The company’s two brands, Greater Than and Hapusa, have marked their presence now. Then came Stranger & Sons gin in 2018 from Goa-based Third Eye Distillery and Matinee Gin in March 2021. These are just three of the dozen small gin brands that have launched recently.
The flavoured vodka segment has become something to talk about. The market growth in the flavoured vodka segment has been explosive. With the introduction of the best-flavored vodka, vodka sales have achieved new heights in India. The introduction of flavoured vodkas has led to the expansion of the vodka market in India. More of the younger generation are now drinking and preferring the beverage because of the best-flavored vodka variants. Demographically, India is one of the youngest, with around 50% of the population below the age of 25 and about 65% of the population below the age of 35. Flavored vodka variants have become a preferred drink not just for men, but for women too. Rising demand for high-end vodka:While Indian consumers still prefer relatively cheaper and inexpensive whiskey and rum, when it comes to white spirits, labels matter as much as taste. Big companies are looking at launching their luxury brands and bringing the best vodka brands to India at a reasonable price. The target audience for the best vodka drinks is people who are aware of international brands and are looking for superior quality and value for money. The Indian market is currently seeing a transition from price-oriented purchases to a more quality-oriented experience. However, value growth is expected with luxury brands that use high-quality ingredients and the best distilling technologies in the world to make the best vodka drinks.
The drive towards the premiummization of Indian spirits, and especially the best vodka and gin drinks, is another important feature of the growing Indian spirits market. The market has seen the rise of designer vodkas that are amongst the best vodka brands in India, with price and premium experience as the two major determinants. It is expected that the future growth in the best vodka brands in India with price in the liquor industry will be mirrored by continued consumer trends towards premiummization, which is motivated by the rising affluence and aspirations, urbanization, globalisation, and progressive lifestyles. With more and more Indians travelling abroad and a favourable environment for imported liquor with higher disposable income, Indian consumers of vodka are upgrading towards premium segments in the country and enjoying premium drinking experiences with the best vodka brands in India at a reasonable price.
Although perceived to be a recession-free industry, Covid-19 proved that the alcoholic industry too could be brought to its knees. When the country announced lockdowns, long queues were seen outside liquor shops across the country. In cities like Mumbai, a COVID-19 hotspot, booze-loving people made a mockery of social distancing rules, prompting the government to shut the shops again. During peak lockdown months, while the central government permitted the opening of shops to sell essentials, it denied the sale of alcoholic beverages, which led some states to allow online delivery of alcohol. Lack of liquor taxes has left near-bankrupt states groaning under lockdown with little money to spend. However, demographics in India and various factors prove that the industry could bounce back provided that legislative interference is kept to a minimum.
Companies present in the market: Radico khaitan Limited, United Spirits Limited (A Diageo Company), Pernod Ricard India Private Limited, Bacardi Limited, Allied Blenders and Distillers Private Limited, Jagatjit Industries Limited, John Distilleries Private Limited.
Considered in the Report:
• Geography: India
• Base Year: 2016
• Estimated Year: 2022
• Forecast Year: 2027
India by Region
• South India
• West India
• North India
• East India
By Vodka Segments covered in the report
• Regular Vodka
• Premium Vodka
• Super –premium Vodka
By Gin Segments covered in the report
• Economy Gin
• Premium & Luxury Gin
By Vodka Product Type covered in the report
• Flavoured Vodka
• Non- flavoured Vodka
By Distribution Channel covered in the report
• Retail Channel
• Institutional Channel
• CSD (Canteen Stores Department)
By Demographics covered in the report
The Approach of the Report:
Bonafide Research performed primary as well as secondary research for this study. Initially, a list of manufacturers and suppliers operating in the Sun Care Market of India were sourced through secondary sources. With the identified companies and consumers, primary research was carried out which included conducting online surveys, competitor analysis and exhaustive personal interviews - both face to face as well as telephonic basis, to extract maximum information from participants like industry executives/ distributors or consumers. Primary research gave us an idea of company revenues, export, pricing, geographical presence, channel partner model, USP etc. and also helped us to identify various small players who otherwise have less presence on the web.
Bonafide Research seeks secondary data from third-party sources such as published articles, company websites, magazine articles, associations, trade journals, annual reports, government official websites and other paid database sources. In addition, data is also mined from a host of reports in our repository, as well as a number of paid databases of Indian government. Using both primary and secondary information, Bonafide Research calculated the market size through a bottom-up approach, where manufacturers’ value sales data for different types of sun care products were recorded and subsequently forecasted for the future years.
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to alcohol beverages industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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