In 2023, soybean production in India stood at 11.54 million metric tons. The forecasts indicate a gradual increase from 11.73 million in 2024 to 12.48 million by 2028, reflecting steady growth. Year-on-year percentage growth reveals an average annual increase of approximately 1.3%, showcasing a stable outlook for the sector. The compound annual growth rate (CAGR) is projected at around 1.6% from 2024 to 2028.
Future trends to watch include:
- Impact of climate change on agriculture and production variability.
- Shifts in domestic and global demand affecting production strategies.
- Technological advancements in farming practices improving yield efficiency.
