As of 2023, copra meal domestic food consumption in India stood at 12.0 thousand metric tons. From 2024 to 2028, the forecast suggests steady consumption at 12.0 thousand metric tons through 2027, with a rise to 13.0 thousand metric tons in 2028. This represents a 0% year-on-year change from 2023 to 2027, followed by an 8.3% increase in 2028. The compound annual growth rate (CAGR) over this period is a modest 1.6%, indicating a stable but slightly upward trend.
Future trends to watch for include:
- Changes in dietary preferences among Indian consumers that might increase or decrease copra meal consumption.
- Fluctuations in coconut production that could impact availability and pricing.
- Policy changes affecting the agriculture and food sectors that might influence market dynamics.
