The livestock gross production in India is expected to experience a gradual decline from 2024 to 2028. The values for livestock gross production are forecasted as follows: $143.16 billion in 2024, $142.88 billion in 2025, $142.61 billion in 2026, $142.34 billion in 2027, and $142.08 billion in 2028, based on PPP 2004–2006 dollars. In 2023, the livestock gross production stood at $143.40 billion, marking a decrease of 0.17% from 2023 to 2024. Year-on-year variations show a continuous downward trend, with a decline of approximately 0.19% to 0.20% each subsequent year. Over the five-year period, the compound annual growth rate (CAGR) indicates an average annual decrease of about 0.19%.
Future trends to watch for include changes in livestock production techniques, impacts of climate change, shifts in consumer demand, and government policies on agriculture and livestock. Additionally, the development of alternative protein sources and technological advancements in livestock farming could play significant roles in shaping the market landscape.
