The production of skimmed cow milk in India has shown a positive trend from 2013 through 2023, reaching 3.7945 million metric tons in 2023. Notably, the year-on-year growth rates revealed periods of variability, with a notable decline in 2020 (-2.03%) followed by a significant recovery in 2021 (8.39%). This fluctuation has converged to a more stable annual increase, with 2023 showing a growth rate of 2.7%. The compound annual growth rate (CAGR) over the last five years up to 2023 was approximately 2.99%, reflecting steady progress. Looking forward, the forecasted CAGR for the next five years is estimated at 2.02%, anticipating a continued growth leading up to 2028.
Future trends to watch for include advancements in dairy farming techniques, governmental policies supporting the dairy industry, and evolving consumer preferences toward dairy products. These factors will likely play a crucial role in shaping the market dynamics and overall production volumes in the coming years.
