Based on the provided data, the meat stock in India shows a consistent upward trend from 2024 to 2028. For the baseline, the value in 2023 stood at 632.85 thousand metric tons. From 2024, there is a forecasted year-on-year percentage increase which can be outlined as follows:
Variations:
- 2024: 2.44%
- 2025: 2.58%
- 2026: 2.47%
- 2027: 2.36%
- 2028: 2.26%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is 2.42%, reflecting a steady increase in meat stock volumes.
Future trends to watch for include potential shifts in consumer preferences towards plant-based proteins, government regulations on meat production, and external factors such as climate change impacting livestock availability and overall meat stock volumes.
