Groundnuts demand in India stood at 6.94 million metric tons in 2023. Forecast data indicates a slight decline in demand over the next five years: 6.94 million metric tons in 2024 and 2025, 6.93 million metric tons in 2026, 6.92 million metric tons in 2027, and 6.91 million metric tons in 2028.
Year-on-year variation:
- 2024 vs. 2023: 0.0%
- 2025 vs. 2024: 0.0%
- 2026 vs. 2025: -0.14%
- 2027 vs. 2026: -0.14%
- 2028 vs. 2027: -0.14%
The compound annual growth rate (CAGR) from 2023 to 2028 is -0.09%.
Future trends to watch for include shifts in consumer preferences towards healthier diets, potential impacts of climate change on agricultural productivity, and changes in trade policies which could significantly influence groundnuts demand in India.
