The forecast for soybean meal domestic food consumption in India indicates a steady increase from 486.0 thousand metric tons in 2024 to 620.0 thousand metric tons by 2028. Assuming 2023 consumption was slightly lower than 2024, this reflects growing demand.
Key year-on-year changes are consistently positive, showing strong upward trends: 7.0% in 2025, 6.5% in 2026, and 6.0% in 2027 and 2028. The projected 5-year compound annual growth rate (CAGR) suggests robust growth, supporting increased utilization in food applications.
Future trends to watch for include the impact of dietary shifts favoring plant-based proteins, policy changes promoting agricultural innovation, and fluctuations in global soybean markets affecting supply stability and pricing.
