The production of alcoholic beverages in India has shown fluctuations over the past decade. From 2014 to 2023, the value has varied, peaking in 2018 at 7.31 million metric tons and dropping to 5.43 million metric tons in 2017. By 2023, the production stood at 7.15 million metric tons, representing a modest 0.9% year-on-year growth. Over the last five years, this sector has experienced a slight decline with a CAGR of -0.44%.

In the coming years, the forecasted data suggests a steady increase in production, with the expected value reaching 7.49 million metric tons by 2028. This implies a 5-year CAGR of 0.73% and an overall growth of 3.7% from 2023 to 2028.

Future trends to watch for:

Market shifts towards premium and craft alcoholic beverages.
Impact of regulatory changes and government policies on production.
Consumer preferences influenced by health consciousness and changing lifestyles.
Technological advancements and innovations in production processes.