The forecast for cottonseed meal domestic consumption in India shows a gradual increase from 4.4 million metric tons in 2024 to 4.63 million metric tons in 2028. This trend suggests an average compound annual growth rate (CAGR) over the forecasted period. In 2023, the consumption stood at approximately the baseline before this forecast.
The year-on-year variation reveals a steady and modest growth trajectory that reflects ongoing demand stability and mild consumption expansion in India's domestic markets. This stability might be influenced by factors like the growth of the livestock sector and dietary shifts.
Future trends to watch for include:
- Influence of agricultural policies and subsidies on cottonseed meal production and distribution.
- Impact of evolving livestock feed requirements and their correlation with population growth.
- Potential alternative protein sources affecting demand levels.
