In 2023, domestic consumption of beef and veal meat in India stood at an estimated value. The forecast from 2024 to 2028 shows a slight but steady increase from 3.05 to 3.19 million metric tons. Year-on-year percentage growth ranges between 1.3% and 1.9%. Over the five-year period, the CAGR is approximately 0.9% annually, indicating a consistent but modest upward trend.
Future trends to watch for include:
- Potential changes in dietary habits influenced by economic and cultural factors.
- Impact of government regulations on livestock farming and meat consumption.
- Shifts in production capabilities or trade policies that could affect supply and pricing.