The production of Nonfat Dry Milk (NFDM) in India is forecasted to increase steadily from 753.0 thousand metric tons in 2024 to 850.0 thousand metric tons in 2028. This follows a consistent upward trend from actual production values in previous years. In 2023, the production stood at 730.0 thousand metric tons, showing a year-on-year increase of 3.2% in 2024. This positive growth trend continues over the next years with anticipated year-on-year growth of approximately 3.3% for 2025, 3.1% for 2026, 3.0% for 2027, and 2.9% for 2028. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is expected to average around 3.1%.
Future trends to watch for include the impact of changing dietary preferences, potential shifts in international trade policies affecting dairy exports, advancements in dairy farming technology, and the influence of climate change on milk production. Additionally, monitoring domestic demand for dairy products will be crucial in understanding market dynamics and production adjustments in the NFDM sector.
