In 2023, the beef meat market size volume per capita in India stood at 1.10 kilograms. Based on the forecasted data from 2024 to 2028, there is a notable gradual increase in beef consumption, with values ranging from 1.11 kilograms in 2024 to 1.15 kilograms in 2028.
Year-on-year variation over the last two years reflects a consistent incremental growth of approximately 0.9% annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximated at 0.9%, indicating steady growth in beef consumption per capita.
Future trends to watch for include potential impacts of policy changes on beef production, shifts in consumer preferences due to health and environmental considerations, and economic factors influencing disposable income and meat consumption habits. Furthermore, monitoring trends in alternative protein sources and their market penetration could provide insights into future meat consumption patterns.
