The oilseeds market size per capita in India is projected to experience a steady decline from 5.6 kg in 2024 to 5.24 kg in 2028. This represents a consistent year-on-year decrease, with a compound annual growth rate (CAGR) of around -1.66% when averaged over the five-year period. In 2023, the consumption stood at approximately 5.69 kg per capita, indicating a downward trend starting from that baseline.
Future trends to watch for include:
- Impact of changing agricultural policies and subsidies that could affect crop yield and production cost.
- Technological advancements in farming that could improve productivity.
- Market dynamics like international trade agreements and domestic demand shifts.
- Climate change effects on production cycles and volumes.