The forecast for whole condensed milk production in India indicates a steady upward trend from 2024 to 2028. The production is poised to grow from 657.03 metric tons in 2024 to 709.1 metric tons in 2028. Between 2024 and 2025, the year-on-year increase is approximately 2.04%, and this trend continues consistently, reaching about 1.89% in 2027. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be around 1.92%, highlighting a stable growth trajectory. In 2023, the production stood slightly below 657 metric tons.
Future trends to watch for:
- Potential impacts of dietary trends towards healthier or plant-based options on dairy consumption.
- Government policies promoting milk production and exports.
- Technological advancements in dairy processing enhancing efficiency and output.
- Supply chain improvements impacting production scalability.
