Forecast: Import of Milk and Cream to India

In 2023, the import of milk and cream to India stood modestly as the country continued to be largely self-reliant in dairy production. The forecast data from 2024 to 2028 indicates a gradual increase in imports, starting at $2.0639 million in 2024 and reaching $2.4545 million by 2028. This trend suggests a steady year-on-year growth rate of approximately 4.5% during this period. The compounded annual growth rate (CAGR) over these five years reflects a consistent pattern without any sharp increases or declines.

Future trends to watch for include:

  • Changes in domestic dairy production capacities that could influence import needs.
  • Policy shifts related to dairy import tariffs or quotas.
  • Evolving consumer preferences towards imported dairy products.

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