The production of mutton and goat meat in India in 2023 stood at 734.0 thousand metric tons. Analyzing the trends over the past decade, there were fluctuations with slight declines, notably in 2015 (-0.95%) and 2020 (-5%) due to various factors. Despite some recovery in 2021 (5.12%), the five-year CAGR ending in 2023 indicates a near-stagnation at 0%, reflecting a marginal overall decline. Forecast from 2024 indicates a slow and steady decline, projecting a 5-year CAGR of -0.04%.
Future trends to watch for include:
- Impact of climate change and environmental factors on livestock farming.
- Government policies supporting sustainable livestock practices.
- Consumer preferences towards alternative protein sources.
