The import of whiskies to India is projected to grow steadily from 26.407 million kilograms in 2024 to 30.513 million kilograms by 2028, marking a continuous upward trend. This forecast suggests an average compound annual growth rate (CAGR) of approximately 3.7% over the five-year period. From 2024 to 2025, the import volume is expected to increase by 4%, followed by 3.8% in 2026, 3.6% in 2027, and 3.4% in 2028.
Trends to watch for in the Indian whisky market include:
- Changing consumer preferences toward premium and single malt whiskies, driven by increasing disposable income.
- Potential regulatory changes affecting import duties, which could impact pricing and demand.
- The influence of global whisky brands seeking a larger share of the growing Indian market.
- The impact of cultural factors and marketing strategies on consumer behavior and consumption patterns.