The forecasted import of fermented milk to India shows a consistent upward trend from 2024 to 2028, with values rising from $1.1516 million to $1.3676 million. Comparing year-on-year changes, we note incremental increases in each consecutive year. The consistent growth suggests a Compound Annual Growth Rate (CAGR) which underscores sustained demand over this period.
Future trends to monitor include:
- Changing consumer preferences and increasing health awareness driving demand for fermented products.
- Potential trade agreements or regulatory changes affecting import tariffs and prices.
- Global production shifts and supply chain adjustments post-pandemic that could impact availability and cost.