The forecasted demand for cassava in India shows a downward trend from 2024 to 2028, starting at 2.9 million metric tons in 2024 and decreasing to 1.87 million metric tons by 2028. In 2023, actual demand stood at 3.16 million metric tons, indicating significant annual declines. Year-on-year variation reveals a consistent reduction in demand with 2025 dropping by 8.97%, 2026 by 9.85%, 2027 by 10.92%, and 2028 by 11.79%. The compound annual growth rate (CAGR) over the forecasted period averages a decrease of approximately 10.93% per year.
Future trends to watch for:
- Potential shifts in dietary preferences and consumption patterns in India.
- Impact of government policies and regulations on agriculture and food imports.
- Technological advancements in cassava production and processing.
- Climate change factors influencing crop yields and supply chain dynamics.
