The fluid milk supply in India is expected to see a consistent increase from 2024 to 2028. In 2023, the actual supply stood at 207.70 million metric tons. Forecasts for 2024 predict a value of 211.96 million metric tons, escalating progressively each year to reach 229.39 million metric tons by 2028. This upward trend represents a steady year-on-year growth, evident from the annual increments observed: 2024 to 2025 (2.09%), 2025 to 2026 (2.03%), 2026 to 2027 (1.96%), and 2027 to 2028 (1.91%). The compound annual growth rate (CAGR) for the five-year period from 2024 to 2028 averages 2.00% per year.
Future trends to watch for:
- Technological advancements in dairy farming to enhance productivity.
- Government policies and incentives encouraging milk production.
- Potential impact of climate change on dairy farming conditions.
- Changing dietary trends and consumer preferences towards dairy products.
