The pork market size volume in India has exhibited a consistent declining trend from 2014 to 2023, dropping from 389.0 thousand metric tons in 2014 to 263.0 thousand metric tons in 2023, a decrease of 32.4%. This continuous decline is reflected in the year-on-year variations, with significant drops, especially in 2016 (-15.65%) and 2018 (-3.58%). The average annual decline over the last five years (CAGR) stands at -2.34%. From 2024 onwards, the market is forecasted to continue declining, reaching a volume of 226.0 thousand metric tons by 2028, with a 5-year CAGR of -2.39%.
Future trends to watch for:
- Changing dietary preferences towards alternative proteins
- Potential impacts of governmental regulations and policies
- Influence of health trends and concerns on pork consumption