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.
On June 24, 2021, the European Commission published a roadmap outlining its intention to revise the labeling rules on alcoholic beverages as part of its Europe’s Beating Cancer Plan.
On June 27, 2021, South Africa re-introduced the prohibition of the sale, dispensing and distribution of liquor products for 14 days due to the recent surge in COVID-19 infections. This is the fourth ban on liquor products since the start of...