The demand for maize in India saw a significant upward trajectory if we consider the preceding years, with 2023 recording 25.6 million metric tons. From 2024 onwards, the forecasted demand shows an incremental rise: 25.96 million tons in 2024, 26.3 million tons in 2025, 26.63 million tons in 2026, 26.96 million tons in 2027, and 27.27 million tons in 2028. Analyzing year-on-year changes, the demand grows as follows:
- 2024: 25.96 million tons (up 1.4% from 2023)
- 2025: 26.3 million tons (up 1.3% from 2024)
- 2026: 26.63 million tons (up 1.2% from 2025)
- 2027: 26.96 million tons (up 1.2% from 2026)
- 2028: 27.27 million tons (up 1.2% from 2027)
From 2024 to 2028, the compound annual growth rate (CAGR) stands at approximately 1.26%. This steady increase indicates a robust and growing demand for maize in India.
Future trends to watch for include changes in dietary preferences, potential advancements in agricultural technology, and government policies on crop production. Additionally, shifts in the global maize market, impacts of climate change, and economic conditions could further influence these forecasts.
