Forecast: Pork Demand in India

Pork demand in India stood at 263.0 Thousand Metric Tons in 2023. From 2024 onwards, the demand is forecasted to follow a declining trend. The expected values are 255.0 thousand metric tons in 2024, 248.0 thousand metric tons in 2025, 240.0 thousand metric tons in 2026, 233.0 thousand metric tons in 2027, and 226.0 thousand metric tons in 2028. Variations over the last two years show a consistent decline, with the Year-on-Year percentage decline ranging from approximately 2.7% to 3.0%. The Compound Annual Growth Rate (CAGR) over the next five years is forecasted to be a decline of roughly 2.8% per year.

Future trends to watch for include:

• Potential changes in dietary habits and cultural preferences, which could affect pork consumption.
• The impact of economic factors and disposable income levels on meat consumption patterns.
• Evolving food safety regulations and standards that might influence pork production and availability.
• Global pork market dynamics, including potential import/export shifts due to international trade policies.
• Emerging health and environmental concerns that may lead consumers to seek alternative protein sources.