The distilled alcoholic beverages market size volume per capita in India stood at 1.53 kilograms per capita in 2023. Forecasted data indicates a gradual decline: 1.52 in 2024, 1.51 in 2025 and 2026, 1.5 in 2027, and 1.49 in 2028. Over the last two years, this represents a year-on-year decline of around 0.65% to 0.66%, with the compound annual growth rate (CAGR) displaying a reduction of roughly 0.52% over the five-year period.
Future trends to watch for include shifts in consumer preferences towards premium or craft spirits, potential regulatory changes affecting availability and marketing, and broader economic factors impacting discretionary spending on alcoholic beverages. Monitoring these factors will be critical for anticipating further changes in the market.