The data shows that beef meat slaughtering in India has been on a declining trend from 2013 to 2023, reducing from 9.43 million heads in 2013 to 8.5196 million heads in 2023. This represents a compound annual growth rate (CAGR) of -0.87% over this period. Year-on-year variations indicate fluctuating declines, with occasional slight increases, such as in 2018 and 2019. Significant reductions were observed in 2015 and 2020. Notably, the forecasted data from 2024 to 2028 predict a continued, albeit slower, decline, with a 5-year forecast CAGR of -0.55%.
Future trends to watch for include potential policy changes affecting livestock management, shifts in domestic and global beef demand, and environmental impacts influencing livestock production. Additionally, evolving consumer preferences and economic conditions could further impact the sector's trajectory.
