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Daily Newsletter

30 October 2023

Daily Newsletter

30 October 2023

Why India – despite its challenges – remains a spirits market of huge potential

India may not be set to reach the scale of China’s luxury-goods sector but the prospect of its steady growth should attract distillers.

Richard Woodard October 30 2023

Bottles of spirits on display in Gurgaon, Haryana, India, 3 June 2022. Credit: Sudarshan Jha / Shutterstock.com

A move to oust Castel Group’s CEO appears to be up in the air, with a key holding entity IBBM and the Castel family reportedly clashing on the outcome of a recent shareholders meeting.

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Non-alcoholic beverages (NAB) market remain resilient despite inflationary pressure

Per GlobalData analysis, the NAB market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.

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