The demand for butter and ghee in India is projected to increase slowly, rising from 180.0 thousand metric tons in 2024 to 190.0 thousand metric tons by 2028. In 2023, the volume stood at approximately 178.0 thousand metric tons, illustrating a steady positive trend. Year-on-year growth remains modest, with a slight increment of around 1.6% per annum. The compound annual growth rate (CAGR) from 2023 to 2028 is expected to be around 1.3%, emphasizing consistent yet moderate growth.
Future trends to watch include:
- Potential impact of dietary shifts as consumers explore alternative fats.
- Supply chain dynamics and market regulations affecting dairy production and pricing.
- Technological advancements in dairy farming and processing.
