The forecasted value of veal and beef production at the farm gate in India shows a slight declining trend from 2024 to 2028. The estimated value in 2024 is USD 4.05 billion, gradually decreasing to USD 4.00 billion by 2028. The marginal year-on-year variations are as follows:
• 2024-2025: -0.25%
• 2025-2026: -0.5%
• 2026-2027: -0.25%
• 2027-2028: -0.25%
The Compound Annual Growth Rate (CAGR) over this five-year period is approximately -0.31%, indicating a slight average annual decrease in production value.
Future trends to watch for include shifts in consumer preferences toward plant-based proteins, changes in agricultural policies, and the impact of technological advances in farming practices that could alter production efficiencies and market dynamics.
