In 2023, the fluid milk production in India stood at a significant value. Moving into 2024, forecasts project the fluid milk production to reach 211.96 million metric tons. This production is expected to increase annually, reaching 229.39 million metric tons by 2028. Year-on-year variation percentages should be noted as they illustrate a consistent upward trend in production. The last two years have shown a variation of 2.08% and 2.03%, indicating a steady growth pattern. Over the next five years, the CAGR suggests an average annual increase of around 2.0%, reflecting a robust growth trajectory for the fluid milk sector in India.
Future trends to watch for include advancements in dairy farming technologies, government policies promoting the dairy sector, and increasing consumer demand driven by population growth and changing dietary preferences. These factors are likely to sustain and possibly accelerate the production growth trend observed in the forecast period.
