In 2023, India's import of buckwheat stood at a substantial base, and the forecast for 2024 through 2028 reveals a steady rise in value each year. The predicted annual increases show a gradual growth, with a compounded annual growth rate (CAGR) over the five-year forecast period. This upward trend signifies a growing demand for buckwheat, attributed to its popularity in health foods and diversification of diets.
Future trends to watch for include:
- Potential shifts in global buckwheat production affecting prices.
- Changes in consumer preferences towards gluten-free and organic options.
- Trade policy developments which may impact import tariffs or regulations.
