In 2023, the supply of shelled almonds in India was recorded at 213.78 thousand metric tons. Forecasts from 2024 to 2028 show a steady increase, with values projected to rise from 225.39 thousand metric tons in 2024 to 275.12 in 2028. The year-on-year increase is notable, with a compounded annual growth rate (CAGR) over the five-year period estimated at approximately 5.11%.
Future trends to watch for include:
- The impact of climate change on almond crop yields which may alter supply and demand dynamics.
- Potential shifts in consumer preferences towards plant-based diets, possibly increasing almond demand.
- Changes in agricultural policies or import-export regulations affecting almond supply chains.
