Forecast: Alcoholic Beverages Non-food Uses in India

In 2023, the volume of alcoholic beverages non-food uses in India was recorded as 4.66 million metric tons. Forecasts for 2024 to 2028 indicate a modest yet steady growth in this segment. There is a consistent annual increase of approximately 1.27% from 2024 onwards, with an estimated CAGR of around 1.24% over the five-year forecast period.

Future trends to watch for:

• Increased industrial applications, with growing demand in sectors such as pharmaceuticals, chemicals, and biofuels.
• Potential policy changes impacting production and usage.
• Technological advancements in production methods that could affect supply dynamics.
• An increasing focus on sustainable and eco-friendly production processes.