As of 2023, barley consumption in India stood at 1.48 million metric tons. Forecasts indicate a gradual decline in consumption, with projections of 1.47 million metric tons in 2024, decreasing to 1.42 million metric tons by 2028. The year-on-year variation from 2024 onwards suggests a steady decrease of approximately 0.68% annually over the five-year period, highlighting a consistent downward trend. The CAGR for the upcoming five years is negative, reflecting the same. This might be due to shifting dietary preferences or agricultural practices.
Future trends to watch for include potential shifts in consumer demand influenced by health trends or government policies promoting alternative grains. Monitoring economic factors that impact agriculture and possible innovation in barley-related products could also play significant roles in altering this forecast.
