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Nao Spirits & Beverages

naospirits.com

Founded Year

2016

Stage

Corporate Minority - II | Alive

Total Raised

$8.7M

Valuation

$0000 

Last Raised

$2.6M | 7 mos ago

Revenue

$0000 

About Nao Spirits & Beverages

Nao Spirits & Beverages makes craft spirits in India. It was founded in 2016 and is based in Delhi, India.

Headquarters Location

E-47/5 Second Floor, Okhla Phase 2

Delhi, 110020,

India

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Latest Nao Spirits & Beverages News

India Gin Market Growing at 5.9% CAGR to Hit USD 1,598.2 Million by 2030

Oct 26, 2022

News Provided By Share This Article India gin market size was valued at $ 914.7 million in 2020, and is projected to reach $1,598.2 million by 2030, growing at a CAGR of 5.9% PORTLAND, OREGON, UNITED STATES, October 26, 2022 / EINPresswire.com / -- According to a report published by the Anno Distillers (UK) 2020, gin originated in the 16th century in Europe, and presently is consumed in approximately 100 countries worldwide. Initially, it was a medicinal purpose liquor and currently has become an internationally recognized alcoholic beverage. It is frequently sipped with other beverages to enjoy it as a trendy cocktail or as a pre-dinner drink. Gin continued to perform decently in both off-trade and on-trade channels. However, the outbreak of novel coronavirus has impacted the sales through on-trade channels worldwide. Request The Free Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/16301 Manufacturers are increasingly focusing on online retailing by dealing with e-commerce giants and developing e-delivery system. In India, Delhi Govt allows home delivery of liquor and L-13 license holders can deliver liquor booked by a customer through an app or a website to their doorsteps. This impacts the changed behavior of customers and has led to increase in growth of the gin market in India. Many ecommerce businesses also expanded their business in online alcohol sales, for instance, in 2020 Amazon approved to deliver alcohol in India. Some of the key players profiled in the gin market analysis include Bombay Spirits Company LTD, Diageo plc, William Grant & Sons Ltd, Charles Tanqueray & Co., Vantguard, Jaisalmer Indian Craft Gin, Nao Spirits & Beverages Pvt Ltd, Radico Khaitan Limited, Pernod Ricard, and Beam Suntory, Inc.In developing markets such as India, individuals prefer to “drink better, not more” and seek for products that meet their superior quality, taste, and authenticity. Thus, in response to sustained Premiumization of spirits, manufacturers are developing more premium and luxurious gins, which is expected to witness increased adoption among Indian consumers during the forecast period. The India gin market is segmented into type, price point, distribution channel, and region. By type, the market is segregated into London dry gin, old tom gin, Plymouth gin, and others (navy strength gin & bols genever). Depending on price point, it is classified into standard, premium, and luxury gins. On the basis of distribution channel, it is fragmented into on-trade (pubs, restaurants, bar, and others) and off-trade (online retailers, specialty stores, supermarkets, convenience stores, and others). LIMITED-TIME OFFER - Buy Now & Get Exclusive Discount on this Report https://www.alliedmarketresearch.com/checkout-final/686d1cb6fc56197ad62cb7dad4ea16da Based on type, The London dry gin segment dominates the market, while the Plymouth gin segment is expected to exhibit a decent growth during India gin market forecast period. Taste preference of consumers are evolving and they are trying different variants. This makes it essential for marketers and producers to understand the latest market trends and consumer’s buying behavior. Based on price point, premium gin segment dominates the market, whereas the luxury gin segment is expected to exhibit fastest CAGR during the forecast period. Evolving taste preferences and improving lifestyles of consumers in the country have led them to choose quality products in the market. Thus, revenue generation from premium and luxury categories is expected to drive during the forecast period. Key Findings Of The Study By type, the London dry gin segment accounted for the highest market share in 2020, growing at a CAGR of 7.1% and the Plymouth Gin segment is expected to be the second fastest growing segment with a CAGR of 6.0% between during the forecast period. On the basis of price point, the premium gin segment accounted for around 34.7% of the market share in 2020. However, the luxury gin segment is expected to grow at a higher CAGR of 6.2% during the forecast period, owing to increasing consumer standards and improving economic stability. By distribution channel, the on-trade channel segment is expected to exhibit a decent growth rate in the coming years. However, COVID-19 has led to decline in revenue generation from these sales channels in the year 2020. Resulting in a decent surge in online sales of gin and other alcoholic beverages. For Purchase Enquiry at@ About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Similar Reports:

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Nao Spirits & Beverages Frequently Asked Questions (FAQ)

  • When was Nao Spirits & Beverages founded?

    Nao Spirits & Beverages was founded in 2016.

  • Where is Nao Spirits & Beverages's headquarters?

    Nao Spirits & Beverages's headquarters is located at E-47/5 Second Floor, Okhla Phase 2, Delhi.

  • What is Nao Spirits & Beverages's latest funding round?

    Nao Spirits & Beverages's latest funding round is Corporate Minority - II.

  • How much did Nao Spirits & Beverages raise?

    Nao Spirits & Beverages raised a total of $8.7M.

  • Who are the investors of Nao Spirits & Beverages?

    Investors of Nao Spirits & Beverages include United Spirits.

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