In 2023, India's sheep meat production stood at 2.76 million metric tons. From 2024 to 2028, production is forecasted to grow steadily. The year-on-year growth rates from 2024 to 2028 are as follows: 2024-2025 (2.48%), 2025-2026 (2.76%), 2026-2027 (2.68%), 2027-2028 (2.29%). The compound annual growth rate (CAGR) over this period is approximately 2.52%.
Future trends to watch for include:
- Domestic demand driven by population growth and dietary shifts towards higher protein consumption.
- Potential impacts of climate change on grazing lands and the overall livestock sector.
- Technological advancements in sheep farming enhancing productivity and efficiency.
- Export opportunities in international markets with high demand for sheep meat.
- Government policies and support for the sheep farming industry.