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Premiumisation has been an influential trend in the beverage industry. Premium products have become more alluring, and consumers are likely to treat drinks as something worth spending a little extra on. The influence of millennials continues to the growth in the market, and they prefer sophisticated indulgences and experiences. This growth is fueled by globalisation-with established western fads like demand for premium alcohol spreading to new markets.
Eco-Friendly Initiatives
With a keen emphasis on purpose, new-age customers are paying more attention to the environmental repercussions of their purchases. This recent shift in preference has led to brands operating more consciously and considering the beliefs and lifestyles of their patrons.
Craft beer has become more than a trend in India; it's a movement, and it's easy to see why. Craft beer is all about local ingredients and traditional methods, with an emphasis on drinkability and flavour. Craft beer is a great way for brewers to experiment with new flavours and styles, and in India, there are plenty of opportunities to experiment with local ingredients like coriander, banana, oranges, etc. The newly launched Seven Rivers beer pays homage to these multiple flavours of India. The craft movement has been spurred by a growing urban population with more disposable income, time for leisure activities, and the consumers' changing attitudes toward experimentation. We see the craft beer movement continuing to grow in popularity in India - it's an exciting way for people to get involved with their communities and enjoy some great new flavours!
Mix It Up with Beer
With evolving consumer palettes, beer has taken on a whole new life as the basis for a whole new type of cocktail-the beer cocktail. Beer cocktails have taken off in popularity in India because they're an amazing way to combine two of the country's favourite beverages into one delicious treat. And since India has such an active bar scene, it only makes sense that these drinks would become so popular.
Thank you IOL for the great report
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