Key Market Indicators
Indian alcoholic drink consumption is projected to fall slightly to 2.1 million metric tons by 2028, down from 2.11 million metric tons in 2023. This represents an average annual decline of 0.1%. Notably, the country's demand has been on a downward trend since 2019, with a yearly decrease of 1.6%. In 2023, India ranked second globally in alcoholic drink consumption, trailing China, which recorded a consumption of 2.11 million metric tons. Japan and Russia followed India in third and fourth place, respectively. On the export front, Indian alcoholic drink exports are expected to grow. By 2028, exports are set to reach approximately $435 million, up from $385 million in 2023. This marks an average annual growth rate of 1.9%. Since 1993, Indian supply in this sector has grown consistently at an average rate of 3.1% per year.
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