As of 2023, India's domestic consumption of copra meal stood at approximately 30.0 thousand metric tons. Forecast data suggests a gradual annual growth in consumption, with projected values reaching 31 thousand metric tons in 2024 and incrementally increasing to 36 thousand metric tons by 2028. The year-on-year growth rate indicates a steady upward trend. The compound annual growth rate (CAGR) over these forecast years is modest, highlighting consistent demand increase in the Indian market.
Future trends to watch for include:
- Potential impacts of dietary shifts or changes in agricultural practices on copra meal demand.
- Influence of imported alternatives and domestic supply dynamics on market stability.
- Government policies affecting copra meal production and sustainability initiatives.
