The sheepmeat production at farm gate in India has shown a robust increase from 7.31 billion USD in 2013 to 16.64 billion USD in 2023. The year-on-year variation for 2022 was 7.49%, while for 2023, it stands at 6.9%. Over the past five years, the compound annual growth rate (CAGR) has been 8.96%. Forecasts indicate that production will continue to rise, reaching 21.85 billion USD by 2028, with an expected five-year CAGR of 4.3% and a forecasted five-year growth rate of 23.44%.

Future trends to watch for:

Potential market shifts due to changing consumer preferences.
Impact of technological advancements in farming practices on production efficiency.
Influence of government policies and trade regulations on the sheepmeat sector.