India’s total alcoholic beverage sector is the world’s third largest, with yearly sales of $44 billion according to Euromonitor. Despite India’s high import tariff structure, lack of uniformity in state excise rates, state specific regulations, and limited opportunities for the marketing of alcoholic beverages, the sector continues to witness significant growth that is set to expand to $55 billion by 2027.
U.S. food and beverage (f&b) exports to the Philippines grew 15 percent in 2013 and reached a record $1 billion.