In 2023, the import value of hand-operated mechanical appliances for food or drink preparation in India was slightly below USD 4.5 million. The forecast for 2024 shows a 5% increase from 2023, with steady growth observed up to 2028 where it reaches USD 5.6189 million. This consistent rise suggests a compound annual growth rate (CAGR) of approximately 4.5% over the forecast period. Such upward momentum indicates growing demand, aligning with India's expanding culinary culture and increasing urbanization.
Future trends to watch for include:
- The influence of lifestyle changes and urbanization on consumer preferences.
- Technological advancements in hand-operated appliances.
- Potential impact of global trade policies and supply chain dynamics.
