Soybeans production at farm gate in India stood at X Billion US Dollars in 2023. Based on the forecasted data:
- In 2024, the value is expected to be 7.91 Billion US Dollars. This represents a growth trend from the previous year.
- In 2025, it is projected to increase to 8.16 Billion US Dollars, showing a year-on-year variation of 3.16% from 2024.
- By 2026, the value is forecasted to reach 8.4 Billion US Dollars, a 2.94% increase from 2025.
- For 2027, an anticipated 8.65 Billion US Dollars, indicating a 2.98% rise from 2026.
- In 2028, it is further expected to grow to 8.89 Billion US Dollars, marking a 2.77% increase from 2027.
- Over the last two years (2024-2025), the cumulative growth is approximately 5.64%.
- Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is estimated to be around 2.89%.
Future trends to watch for include advancements in agricultural technology, shifts in domestic and international demand, and climate change impacts on crop yields.
