The demand for mutton and goat meat in India showed a declining trend from 2014 to 2023, with a noticeable peak of 841.0 thousand metric tons in 2014 and gradually dropping to 667.0 thousand metric tons by 2023. This represents an annual decrease, with the most significant drop of -12.72% occurring between 2014 and 2015. The year-on-year variation in 2023 was -1.33%, and the compound annual growth rate (CAGR) over the past five years was -1.41%.
Forecasts suggest that this declining trend will continue, with the demand projected to fall to 620.0 thousand metric tons by 2028. The expected 5-year CAGR from 2024 to 2028 is -1.15%, translating to an overall decrease of -5.63% in this period.
Future trends to watch for include potential impacts from changing dietary habits, increasing health consciousness among consumers, and potential policy changes related to meat production and consumption. Additionally, market innovations catering to plant-based alternatives might further influence demand in the meat sector.
