In 2023, India's groundnut production stood at approximately 7.25 million metric tons. The forecasted data from 2024 to 2028 shows a slight downward trend, with production slightly decreasing from 7.22 in 2024 to 7.15 million metric tons by 2028. Annually, the production is expected to decrease marginally by approximately 0.2% - 0.3% year-on-year, leading to an estimated compound annual growth rate (CAGR) of approximately -0.3% over the five-year period.
Future trends to watch include technological advancements in agriculture, climate change impacts, and government policies promoting improved farming practices which could influence production levels. Changes in domestic and international demand could also affect market dynamics.
