In 2023, the indigenous buffalo meat gross production in India stood at an actual value of USD 5.27 billion PPP. From the forecasted data for 2024 to 2028, a steady upward trend can be observed, with year-on-year growth consistently around 0.79% to 0.86%. Over the forecasted period, the compound annual growth rate (CAGR) from 2024 to 2028 is approximately 0.71%, indicating consistent expansion in the sector.
Future trends to watch for include:
- Impact of governmental policies on meat production and exports.
- Advancements in breeding technology that may boost production efficiency.
- Shifts in domestic demand driven by changing dietary preferences and economic conditions.