In 2023, India's domestic food consumption of soybeans was 860.0 thousand metric tons. Projected data indicates significant growth in the following years, with consumption expected to reach 918.0 thousand metric tons in 2024 and 1,190.0 thousand metric tons by 2028. This reflects a compound annual growth rate (CAGR) of approximately 8% over five years. Year-on-year consumption is planned to rise, highlighting a steady increase in demand for soybeans in the Indian market.
Future trends to watch for include the growing role of plant-based diets, increasing health consciousness, and potential regulatory changes impacting soybean production and imports that could influence domestic consumption patterns.
