In 2023, the import of milling products, malt, starches, inulin, and wheat gluten to India stood at USD 97.5 million. Forecasted data indicates a steady increase from 2024 to 2028. The import value is expected to grow annually by about 3.5% from 2024 (USD 99.706 million) to 2028 (USD 113.38 million). The Compound Annual Growth Rate (CAGR) for this five-year period is predicted to hold around 3.8%, reflecting a stable upward trend in imports.
Future trends to watch for:
- Implementation of favorable trade policies could further boost imports.
- Potential shifts in demand due to changes in consumer preferences and domestic production capacities.
- The impact of global market conditions and commodity prices on import strategies.