Based on data provided, India's soybeans feed demand is projected to reach 273.0 thousand metric tons in 2024 and is expected to grow steadily, reaching 323.0 thousand metric tons by 2028. The year-on-year growth rates are as follows: 2024-2025: 4.76%, 2025-2026: 4.55%, 2026-2027: 4.01%, 2027-2028: 3.86%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2024-2028) is approximately 4.32%. As of 2023, the actual consumption stood at 262.0 thousand metric tons.
Future trends to watch for include changes in agricultural policies, technological advancements in farming, climate change impacts, and potential shifts in domestic and global market demand. The consistent growth trend suggests a stable increase in demand, but market conditions and policy changes could influence the trajectory.
