The Butter and Ghee market in India was recorded at 176.0 Thousand Metric Tons in 2023. The forecasted growth trajectory from 2024 to 2028 indicates a progressive increase in market size from 178.0 to 187.0 Thousand Metric Tons. This consistent upward trend reflects a year-on-year growth rate of approximately 1.1% from 2024 to 2028.
Over the last two years, the market has shown a nominal increase, with a slight uptick between each year, maintaining a steady pace of growth. The anticipated Compound Annual Growth Rate (CAGR) over the forecasted five-year period (2024 to 2028) stands at around 1.5%, indicating persistent market expansion.
Future trends to watch for:
- Increasing consumer demand for healthier and organic varieties of butter and ghee.
- Technological advancements in dairy farming and production processes improving product quality and supply.
- Government policies and subsidies aimed at boosting dairy production.
- Potential impact of international trade regulations on export and import activities.
