The India gin market size reached USD 634.60 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 944.61 Million by 2033, exhibiting a growth rate (CAGR) of 4.18% during 2025-2033. The rising premiumization, increasing consumer preference for craft and flavored gins, expanding cocktail culture, urbanization, growing disposable incomes, changing lifestyle trends, innovative marketing strategies, and the emergence of homegrown gin brands catering to evolving tastes and preferences are some of the factors fueling the India gin market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 634.60 Million |
Market Forecast in 2033 | USD 944.61 Million |
Market Growth Rate 2025-2033 | 4.18% |
Premiumization and Craft Gin Boom
India's gin market is experiencing rapid premiumization, with consumers increasingly opting for high-quality, artisanal, and craft gins over mass-produced alternatives. The rise of homegrown craft distilleries focusing on unique botanicals and local ingredients has fueled this trend. The emerging Indian gin market has leading companies like Stranger & Sons, Hapusa, and Greater Than which create separate taste experiences that follow modern consumer preferences. Additionally, as disposable incomes rise, more consumers are willing to spend on premium spirits, elevating gin’s status from a niche spirit to a mainstream choice, thereby creating a positive India gin market outlook. This shift has significantly contributed to the growth and diversification of the Indian gin market. For instance, in January 2024, Radico Khaitan unveiled the Jaisalmer Indian Craft Gin 'Gold Edition', setting a new standard of luxury and elegance in the Indian gin industry. Jaisalmer Indian Craft Gin 'Gold Edition' is set to be released in a 500 ml bottle, priced between Rs 4,000 and Rs 7,000 based on the state and its respective excise regulations. Starting its journey with a launch in Uttar Pradesh, this remarkable product will progressively extend its reach to Delhi, Rajasthan, Maharashtra, and Karnataka from July, serving gin enthusiasts in India’s major markets.
Growing Cocktail and Bar Culture
The expansion of India’s cocktail culture is driving the India gin market growth. Urban consumers, especially millennials and Gen Z, are increasingly experimenting with cocktails in bars, restaurants, and home settings. The influence of global mixology trends and the rise of speakeasies and gin-focused bars have further strengthened gin’s foothold in India. Social media and digital platforms have also played a role in educating consumers about gin-based cocktails, making gin a versatile and trendy spirit. As more people seek experiential drinking, gin’s botanical complexity makes it an ideal choice for mixology-driven consumption. For instance, in September 2023, Himmaleh Spirits, India's first traceable distillery dedicated to artisanal spirits, revealed the introduction of its inaugural product, Kumaon & I - a local dry Gin that honors the distinct terroir and vibrant flavors of Uttarakhand's Kumaon area. Ansh Khanna and Samarth Prasad established Himmaleh Spirits, a family-run, independent artisanal spirits distillery that places a major emphasis on farm-to-bottle and sustainable sourcing. By creating a legacy of social and environmental responsibility in addition to spirits, the brand hopes to inspire customers to drink more responsibly. Its hyperlocal strategy encourages sustainable development for the area by limiting its efforts to Uttarakhand botanicals.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on type, price point, and distribution channel.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes London dry gin, old tom gin, Plymouth gin, and others.
Price Point Insights:
A detailed breakup and analysis of the market based on the price point have also been provided in the report. This includes standard, premium, and luxury.
Distribution Channel Insights:
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes on-trade and off-trade.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | London Dry Gin, Old Tom Gin, Plymouth Gin, Others |
Price Points Covered | Standard, Premium, Luxury |
Distribuion Channels Covered | On-Trade, Off-Trade |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: