As of 2023, India's groundnuts production stood at 6.2 million metric tons. Projections for 2024 estimate a slight increase to 6.28 million metric tons, with the trend continuing upward. Year-on-year growth is modest, ranging from 1% to 1.24% over the forecast period, leading to a 2028 forecast of 6.57 million metric tons. This steady growth depicts a consistent upward trajectory with a Compound Annual Growth Rate (CAGR) over the next five years.
Future trends to watch for:
- Impact of technological advancements on crop yields.
- Effects of global climate change on agricultural productivity.
- Policy changes and government support for the agriculture sector.
- Demand fluctuations in domestic and export markets.
