In 2023, groundnut consumption at the farm gate in India was 5.37 million metric tons. Starting in 2024, forecasts indicate a steady increase: 5.42 in 2024, 5.47 in 2025, 5.52 in 2026, 5.57 in 2027, and 5.63 in 2028. Year-over-year, this represents a 0.93% to 1.08% growth in consumption. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 0.93%.
Future trends to watch for:
- Impact of policy changes on agricultural practices and consumption.
- Technological advancements enhancing groundnut yield.
- Shifts in dietary trends and preferences influencing consumption rates.
