The import of milk with a fat content exceeding 6% to India is projected to see consistent growth from 2024 to 2028. In 2023, these imports stood at a significantly lower volume, highlighting the anticipated upward trend. Year-on-year growth rates show steady increases, indicative of rising demand or changes in domestic policy impacting imports. The compound annual growth rate (CAGR) for the 2024-2028 period reflects a strong positive trend, projecting an average growth per year over the next five years.
Future trends to watch for:
- Domestic production changes which may affect import reliance.
- Policy shifts impacting import tariffs or restrictions.
- Consumer preferences towards higher fat content milk products.
- Supply chain improvements influencing import capabilities.
