Groundnuts production at farm gate in India is forecasted to see a steady increase from 2024 to 2028, growing from 6.23 billion Euros in 2024 to 7.14 billion Euros in 2028. This upward trend reflects anticipated positive year-on-year variations, with an average annual growth rate (CAGR) of approximately 3.5% over the next five years. In 2023, the production value stood at 6.00 billion Euros.
Key year-on-year variations:
- 2024 to 2025: 3.69%
- 2025 to 2026: 3.56%
- 2026 to 2027: 3.44%
- 2027 to 2028: 3.18%
Future Trends to Watch For:
- Potential impacts of climate change on agricultural yields.
- Technological advancements in farming practices enhancing productivity.
- Fluctuations in global commodity prices affecting local market dynamics.
- Policy changes and subsidies in the agricultural sector.
- Shifts in consumer preferences and demand for groundnut-based products.
