The gross production value of cocoa beans in India stood at 44.5 million USD in 2023. Based on forecasts, there is a year-on-year growth of approximately 4.9% from 2024 to 2028, reaching 55.7 million USD. The compound annual growth rate over this period is around 4.5%.
Future trends to watch for include:
- Adoption of improved cocoa cultivation techniques.
- Impact of climate change on cocoa farming conditions.
- Global demand shifts for premium cocoa products.
- Government policies and support towards sustainable agriculture.
