Beverages emerge as India FMCG's fastest-growing engine, outpacing legacy categories at Tata, Nestle, HUL

India's $17.2B beverage market is projected to grow 10% CAGR through 2030 as Tata Consumer (coffee +20%, RTD +23%, Real Activ +26%), Nestle, HUL, Dabur and Varun Beverages (63% low/no-sugar mix) double down on coffee, RTD, protein and low-sugar variants targeting younger, health-focused consumers.

— Filed Tue, 9 Jun, 2026, 10:53 IST · Source ET Small Business · Updated

Beverages outpace FMCG portfolios as Nestle, HUL, Tata Consumer, Dabur and Varun Beverages push coffee, RTD, protein drinks and low-sugar variants. India's $17.2B beverage market projected to grow 10% CAGR through 2030, driven by younger, health-focused consumers.

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