In 2023, the actual beef and veal exports for India stood slightly lower than 1.44 million metric tons. Forecasting from 2024 through 2028 suggests a consistent increase from 1.44 to 1.53 million metric tons, reflecting a steady annual growth.
Year-on-year growth rates imply modest increments each year, with an estimated Compound Annual Growth Rate (CAGR) over the forecast period of approximately 1.52%.
Future trends to watch for:
- Rising global demand possibly influenced by developing nations.
- Potential impact of regulatory and trade policy changes.
- Growth in sustainable and alternative protein markets potentially affecting traditional markets.