Drinking practices varysubstantially among different countries and different masses. But bothalcoholic beverages are very popular among all ages of people. The alcoholicdrinks market is broadly classified into five classes, starting from beers,wines, hard liquors, liqueurs and others. The Indian alcoholic market has beengrowing rapidly for the last ten years, due to the positive impact ofdemographic trends and expected changes like rising income levels, changing ageprofile, changing lifestyles and reduction in beverages prices. Beer and wineare perhaps the oldest and most popular of all alcoholic beverages in theworld.
TheIndian beer Industry has been witnessing a steady growth rate of 7-9 per centper year for the last ten years. Apart from Kingfisher and Foster’s Beer, theother brands in the Indian market are Carling Black Label, Carlsberg, Dansberg,Golden Eagle, Haywards 5000, Premium Lager, Kingfisher Strong, Hi-Five etc. toname a few. India has emerged as one of the fastest growing markets for wineconsumption on the global map. The market is growing at a rate of up to 25% perannum each year. With a population base of over 1.1 Billion, the consumption ofwine is extremely low, indicating vast potential for future growth.
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