India's domestic consumption of fluid milk is expected to increase steadily from 2024 to 2028. The consumption figures forecast are 211.95 million metric tons in 2024, rising incrementally each year to reach 229.36 million metric tons by 2028. The forecasted year-on-year growth rates are consistent, reflecting a positive trend in demand.
Between 2023 and 2024, the increase in fluid milk consumption is projected at X% (value for 2023 to be provided). From 2024 to 2025, the consumption will grow by approximately 2.09%, from 2025 to 2026 by 2.02%, from 2026 to 2027 by 1.96%, and from 2027 to 2028 by 1.90%. The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is observed to be around 1.97%.
Future trends to watch for in the fluid milk market in India include technological advancements in dairy farming, shifts towards organic and fortified milk preferences, as well as potential impacts of government policies aimed at boosting the dairy sector. Additionally, evolving consumer tastes and dietary preferences, increase in urbanization, and rising disposable incomes will significantly influence milk consumption patterns in the coming years.
