The barley beer production in India has faced a marked decline over the years, tapering from a peak of 576.9 Thousand Metric Tons in 2015 to a mere 149.65 Thousand Metric Tons in 2023. This contraction is especially stark post-2016, which saw a significant year-on-year drop of 61.69%. Despite minor recoveries, the trend has remained downward, reflected in the 2023 year-on-year decline of 9.89%, and an average yearly decrease (CAGR) of 8.71% over the last five years.
- 2013: -3.34% YoY, 5.01% CAGR
- 2014: -6.89% YoY, 1.41% CAGR
- 2015: +19.01% YoY, 1.75% CAGR
- 2016: -61.69% YoY, -17.96% CAGR
- 2017: +1.81% YoY, -16.02% CAGR
- 2018: +4.89% YoY, -14.63% CAGR
- 2019: -7.89% YoY, -14.82% CAGR
- 2020: -23.66% YoY, -22.06% CAGR
- 2021: +10.18% YoY, -3.72% CAGR
- 2022: -9.17% YoY, -5.89% CAGR
- 2023: -9.89% YoY, -8.71% CAGR
- Forecast 2024-2028: -13.47%[/li ornew CAGR], -51.49%[/5 year growth rate]
Future trends to watch for include evolving consumer preferences, potential policy shifts affecting alcohol production and distribution, and the impact of inflation and raw material availability on production costs.
