India’s alcoholic beverage market is huge and all-time high now. As per our prediction, it may reach approximately USD 100 billion by the end of 2030.The industry growth provides strong competitive edge to the established players, such as United Breweries Ltd, United Spirits Ltd, and Jagatjit Industries Ltd. Obviously; the new players are coming in the competition with growing public acceptability. We have come up with a list of 5 companies that are ready to give you a visible growth. 

Radico Khaitan Ltd

Current Price: 3,010.00 INR

United Spirits Ltd

Current Price: 1,328.00 INR

Jagatjit Industries Ltd

Current Price: 239.00 INR

Monika Alcobev Ltd

Current Price: 308.60 INR

Sula Vineyards Ltd

Current Price: 286.86 INR

Young and urbanizing population is the key reason behind the ever-increasing growth of alcohol market in India. However, there are many other reasons. The significant growth of the alcohol market is also because of favorable demographics like a growing middle class with higher disposable incomes and increasing number of female participation in the workforce. Interestingly, the growth has a set of challenges too. The challenges like high tax slabs, price controls, state-level regulations, and inconsistent licensing policies are insisting the ever-increasing growth.