In 2023, the beer market size in India stood at 0.49 kilograms per capita. The forecasted data from 2024 to 2028 shows a steady growth: 0.5 kg per capita in 2024, 0.51 kg in 2025 and 2026, and 0.52 kg in 2027 and 2028. This represents a year-on-year increase of roughly 2.04% from 2023 to 2024. Over the forecasted period, the Compound Annual Growth Rate (CAGR) is approximately 1.46%, indicating a modest but consistent upward trend in beer consumption per capita.
Future trends to watch for include potential shifts in consumer preferences towards premium and craft beers, possible regulatory changes, and the impact of economic factors such as disposable income growth and urbanization. Additionally, marketing strategies and innovations in flavor could play significant roles in shaping the market.
