In 2023, India's import of whey stood at a certain baseline. Starting in 2024, the forecast predicts a steady increase in whey imports, growing year-on-year by 1.24% to 1.78% through 2028. These increments highlight a consistent upward trend, with a compound annual growth rate (CAGR) of approximately 1.5% projected over the next five years.
Future trends to watch for:
- Growth in the Indian dairy and nutrition sectors could further drive demand for whey imports.
- Potential fluctuations in global supply chains might impact import volumes and costs.
- Consumer preferences toward health and wellness products may increase the utilization of whey in various industries.