Fermented beverages demand in India stood at 11.0 thousand metric tons in 2023, reflecting an 8.33% year-on-year decline. Over the last five years, demand decreased at a compound annual growth rate (CAGR) of 3.29%. The data indicates a consistent downward trend since 2014, with value dropping from 17.0 thousand metric tons. Notably, there was a recovery phase between 2017 and 2019, followed by a significant decline during the pandemic years of 2020 and 2021, with some recovery in 2023.

Future trends to watch for include:

Continued negative growth with a forecasted 5-year CAGR of -2.46% from 2024 to 2028.
Projected total decline of 11.69% by 2028, indicating a persistent decrease in demand.
Potential impacts of consumer health trends and shifts towards alternative beverages on the fermented beverage market.