In 2023, India's import of frozen orange juice was at approximately 11.5 million USD, marking the baseline from which future projections begin. From 2024 to 2028, a steady growth trend is forecasted, with the import value increasing consistently each year. Specifically, the year-on-year growth rates are estimated at 3.58% for 2025, 3.38% for 2026, 3.20% for 2027, and 3.05% for 2028. Over the forecasted five-year period, the compound annual growth rate (CAGR) is around 3.30%, indicating a gradual yet consistent rise in imports of frozen orange juice.
Future trends to watch include:
- Potential shifts in consumer preferences towards healthier beverages, which could influence demand for orange juice.
- Currency exchange rate fluctuations affecting import costs.
- Economic growth in India, contributing to increased disposable income and potential rise in orange juice consumption.
- Possible global supply chain disruptions impacting availability and pricing.