The forecast for the Alcoholic Beverages Market Size Volume Per Capita in India from 2024 to 2028 shows a stabilization trend. The volume stands at 2.05 kilograms per capita in 2024, marginally decreasing to 2.03 kilograms per capita by 2028. Year-on-year, the variation ranges from 0% to -0.5%, indicating a relative steadiness in per capita consumption over these years. This slight decline stems from market maturity and changing consumer preferences.
In 2023, the volume was 2.06 kilograms per capita, suggesting a minor overall decline from 2023 to 2028. The last two years show a less than 1% decrease, while the last five years' CAGR might indicate a similarly small decrement due to the consistently slight annual reductions.
Future trends to watch for include the impact of health consciousness, regulatory changes, and evolving tastes towards premium and craft alcoholic beverages. These factors could either slow down the decline or stimulate new growth avenues within specific market segments.
