Milk production in India has shown a strong upward trend from 2013 to 2023, peaking at 210.19 million metric tons in 2023. This represents a steady increase, with occasional minor declines in 2019 and 2020. The last five years exhibited an average annual growth (CAGR) of 2.26%, signaling a slowdown compared to previous years.
Looking ahead, projections indicate continued growth, reaching 237.38 million metric tons by 2028. The average annual growth rate over the next five years is forecasted at 1.91%, suggesting a more moderate expansion. Noteworthy is the forecasted growth rate of 9.95% over this period.
Future trends to watch for include:
- Potential impacts of climate change on agricultural productivity.
- Evolving consumer preferences and demand for dairy products.
- Introduction of advanced dairy farming technologies.
- Government policies and incentives to boost milk production.
