India In High Spirits Despite Liquor Ban; 3 Indian Liquor Brands In Global Top 10
Indian liquor continues to dominate the top 100 spirits brands worldwide in 2016 despite the overall slowdown and increasing prohibition.
Three local whisky brands figure within the top 10 with Officer’s Choice continuing to be the second largest spirits brand in the world, according to a July International Wine and Spirits Research (IWSR) report.
Despite regulatory challenges such as demonetisation, liquor bans in various regions including Bihar, Officer’s Choice, Whisky continued to maintain its stronghold in its home market by a huge margin. It continues to lead with 40 per cent market share in the regular whisky segment,” said Jeetendra Hemdev, ED at Allied Blenders and Distillers (ABD).
At an overall level, India added more than a million cases and remained flat in a market that consumes about 400 million cases of spirits annually. Also, reflecting its status as a highly aspirational drink in the developing world, whisky is the most represented category in the top 100 brands, with 28 brands and thirteen of these whiskies are Indian, of which nine are owned by either Diageo or Pernod Ricard.
