The import of cocoa beans to India is projected to demonstrate a consistent growth trajectory over the next five years. In 2023, the volume of imports stood at 40 million kilograms. From 2024 to 2028, the forecast shows a year-on-year increase of roughly 3.6% to 3.8%, culminating in an estimated 47.239 million kilograms by 2028. The compound annual growth rate (CAGR) over this period is anticipated to be about 3.5%.
Future trends to watch for include:
- Increasing demand for chocolate products fueled by economic growth and changing consumer preferences.
- Potential shifts in trade policies or tariffs affecting cocoa imports.
- Variability in cocoa supply due to climate change or geopolitical factors impacting key supplier countries.
