The import of extracts, essences, and concentrates of tea, coffee, and mate to India from actual data in 2023 showed a rise from the previous year. The forecast data from 2024 onwards indicates a steady growth trend with a notable year-on-year increase peaking in 2028 at 27.324 million USD. A five-year CAGR suggests a consistent upward trajectory in import values, confirming India's growing demand in this sector.
Future trends to watch for include:
- India's evolving consumer preferences and increased consumption of premium and specialty beverages driving higher imports.
- Trade policies and international relations impacting the ease and cost of imports.
- Potential shifts towards sustainable and ethically sourced products could shape future market dynamics.