New Delhi, July 9 -- India's alcoholic beverage (alcobev) industry crossed 408 million cases in 2024, with premium spirits driving growth in an increasingly reform-friendly regulatory environment. New data accessed exclusively byMint shows that structural changes-particularly at the state level-are poised to push this figure even higher in 2025, with a projected growth of over 5%.

The International Spirits & Wines Association of India (ISWAI), which represents global players like Bacardi, Diageo-United Spirits, and Campari, said India remains one of the largest liquor markets globally, with the sector growing at a steady 3% CAGR.

"Calendar year 2025 should top last year's perform and a slightly higher growth rate at around 5% or more on...