The forecast for the import of meat of sheep or goats to India indicates a steady upward trend from 2024 to 2028. The values are as follows: $2.2846 million in 2024, $2.3812 million in 2025, $2.4759 million in 2026, $2.5686 million in 2027, and $2.6596 million in 2028. As of 2023, the value stood at $2.195 million, evidencing a consistent year-on-year increase. The year-on-year percentage variation shows incremental growth, suggesting a robust demand for imported sheep or goat meat in India.
Future trends to watch for include:
• Growth in disposable income leading to increased meat consumption.
• Potential trade agreements or tariffs impacting import costs.
• Shifts in domestic production capacity affecting dependency on imports.
• Consumer preference trends towards alternative proteins or meat substitutes.
Overall, the CAGR over the past five years shows a healthy annual growth rate, indicating stable market development.
