In 2023, India's butter consumption was recorded at 6.7 million metric tons. Forecasted data indicates a steady growth in butter consumption, reaching 7.64 million metric tons by 2028. The year-on-year percentage increase from 2024 to 2028 is consistent, showing a gradual upward trend attributed to rising demand driven by population growth and increased income levels, among other factors. The compound annual growth rate (CAGR) from 2024 to 2028 is moderate, indicating a stable consumption pattern over this period.
Future trends to watch for include the impact of dietary shifts towards healthier options potentially affecting butter consumption, innovations in dairy alternatives, and economic factors like inflation which could influence purchasing power and consequently, butter consumption behavior in India.
