India: Beer sales expected to increase 17.2% y/y to 2011

Beer sales in India are forecast to grow at a compound annual growth rate of 17.2% to 2011, according to Business Wire, March 26. So, with the Indian beer industry seeing steady growth during the last decade, due to strong economic growth resulting in high disposable incomes, an increase in beer sales in the next two or three years is expected.

In addition to the increase in sales, the number of brands is expected to increase in the near future, with existing players like United Breweries and SABMiller expanding their ranges, and new players like Anheuser-Busch, Carlsberg and InBev setting up production facilities.