Analyzing milk production at the farm gate in India from 2024 to 2028, based on the forecasted data, shows a consistent upward trend. In 2023, milk production stood at 87.92 billion euros. The year-on-year growth rates are as follows: 4.32% in 2024, 4.23% in 2025, 4.02% in 2026, 3.83% in 2027, and 3.64% in 2028. The Compound Annual Growth Rate (CAGR) over the next five years is approximately 4.01%.
Future trends to watch for:
- Rising demand due to population growth and increasing consumer income.
- Advancements in dairy farming technology and practices that could enhance production efficiency.
- Government policies and incentives supporting the dairy sector.
- Potential impacts of climate change on milk production and supply chains.
