The whole fresh cow milk-producing population in India is projected to grow from 57.616 million heads in 2024 to 60.902 million heads by 2028. Historically, this figure stood at 56.801 million heads in 2023. This demonstrates a positive year-on-year growth trend, with an estimated 1.5% increase from 2023 to 2024, and subsequent yearly increments of around 1.5%. Over the last five years, the compound annual growth rate (CAGR) is approximately 1.49%.
Future Trends to Watch For:
– Technological advancements in dairy farming could significantly boost productivity.
– Shifts in consumer preferences towards plant-based alternatives may impact growth.
– Climate change and its impact on cattle health and water resources could pose challenges.
– Government policies supporting sustainable farming practices will be crucial.
