The forecasted import of non-defatted cocoa paste to India is expected to steadily rise from 6.3416 million kilograms in 2024 to 7.0574 million kilograms by 2028. In 2023, the actual import volume was slightly lower than the 2024 forecast, indicating a positive growth trajectory. The year-on-year growth from 2024 to 2028 shows stable increments, with the compound annual growth rate (CAGR) reflecting a consistent annual increase. This trend implies robust and growing demand for cocoa products within the Indian market.

Future trends to watch for:

Changes in consumer preferences towards health and sustainability that might influence cocoa demand.
Fluctuations in global cocoa supply and pricing impacting import volumes.
Trade policies or tariffs affecting the cost and volume of imports.