In 2023, the actual production of ghee and butter in India was estimated at around 5 million metric tons. The forecast for 2024 indicates a production of 5.05 million metric tons, reflecting a minimal year-on-year increase. The trend continues with gradual growth up to 5.4589 million metric tons by 2028. This represents an average annual growth rate (CAGR) of approximately 1.85% from 2023 to 2028.
Future trends to watch for include:
- Changing consumer dietary preferences impacting demand.
- Fluctuating milk production affecting supply chain stability.
- Technological advancements in dairy processing boosting efficiency.
- Government policies promoting indigenous dairy production.
