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.