As of 2023, India's veal and beef production stood at approximately 3.47 million metric tons. The forecast for 2024-2028 reveals a consistent growth trajectory, culminating in 3.67 million metric tons by 2028. With an annual increase of around 1.14%, this steady rise projects a Compound Annual Growth Rate (CAGR) of 1.13% from 2024 to 2028.
Future trends to watch for:
- Sustainable production practices and their impacts on growth and export opportunities.
- Potential shifts in domestic and international market demands, influenced by economic, cultural, and regulatory factors.
- Technological advancements in farming and processing, affecting efficiency and productivity.
- Government policies, including support or restrictions, impacting production levels.
