The production of fermented beverages in India has experienced fluctuations over the past decade. From 2014 to 2023, there has been an overall declining trend with a few intermittent recoveries. Notably, production dropped significantly in 2020 by 17% and showed a moderate recovery in 2021 with an 11.21% increase. The production stood at 12.0 Thousand Metric Tons in 2023, the same as in 2022, indicating stabilization.
Looking forward to 2024 and beyond, the forecast suggests a steady decline at a five-year CAGR of -1.15%, translating to a total decline of 5.6% by 2028. This predicts a continuing decrease with production expected to reach 11.12 Thousand Metric Tons by 2028.
Future trends to watch for include potential impacts from new consumer preferences, health-driven market shifts, and possible regulatory changes affecting production and distribution. Additionally, innovations in fermentation technology and shifts towards sustainable production methods may influence production volumes.
