Milk production at farm gate in India has shown a steady increase from $51.83 billion in 2013 to $98.63 billion in 2023, marking a significant growth trajectory over the last decade. The year-on-year growth varied, with notable peaks in 2014 (17.14%) and 2017 (14.22%), while slowing down to 4.44% in 2023. The 5-year CAGR leading up to 2023 was 5.22%, indicating a consistent but gradually decelerating growth rate.

From 2024 onwards, forecasts predict a continued, although more moderate, growth in milk production value, reaching approximately $118.98 billion by 2028. The forecasted 5-year CAGR from 2024 to 2028 is 2.97%, suggesting a slower pace of growth compared to previous years.

Future trends to watch for include:

Technological advancements in dairy farming and production methods.
Government policies and subsidies aimed at boosting milk production.
Consumer demand shifts towards organic and high-quality milk products.
Environmental and sustainability considerations impacting dairy farming practices.
Potential impacts of climate change on agriculture and livestock health.