Forecast: Butter Production in India

India's butter production in 2023 stood at approximately 6.7 million metric tons. From 2024 onwards, the production is forecasted as follows: 2024 at 6.9, 2025 at 7.09, 2026 at 7.28, 2027 at 7.46, and 2028 at 7.64 million metric tons. This indicates a steady year-on-year increase with variations such as approximately 2.75% for 2025, 2.68% for 2026, 2.47% for 2027, and 2.41% for 2028. The compound annual growth rate (CAGR) over the period from 2024 to 2028 is about 2.57%.

Future trends to watch for include:

  • Rising demand for dairy products due to population growth and increasing affluence.
  • Potential impacts of climate change on dairy farming sustainability.
  • Government policies supporting dairy sector advancements and infrastructure development.
  • Technological innovations improving production efficiency and quality.

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