The forecasted data indicates a consistent decline in the import volume of prepared or preserved meat, meat offal, and blood to India from 2024 to 2028, starting at 1.71 thousand kilograms in 2024 and reducing to 1.05 thousand kilograms by 2028. This represents a year-on-year decrease of approximately 10% each year, amounting to a compound annual growth rate (CAGR) of about -11.7% over this five-year forecast period. It reflects an ongoing trend from 2023 influenced by domestic economic factors or policy changes impacting importation needs.
Future trends to observe include potential shifts in consumer preferences towards domestic or alternative protein sources, policy amendments impacting meat importation, and growing pressures for sustainability which could further depress import volumes. Monitoring these factors is crucial for understanding the direction of the meat import market in India.
