The forecast for cheese production in India from 2024 to 2028 indicates a decline, starting at 2.54 thousand metric tons in 2024 and gradually decreasing to 1.83 thousand metric tons by 2028. Compared to 2023, where production stood higher, the year-on-year variation shows a negative trend with production consistently reducing at an approximate rate of 12% annually over this period. The compound annual growth rate (CAGR) is negative, highlighting a steady decrease in cheese production.
Future trends to watch for:
- Changing dietary habits and increased demand for plant-based alternatives.
- Potential advancements in production technology that could reverse or mitigate declining trends.
- Impacts of economic factors and government policies on dairy farming and production.