In 2023, the vegetable market size per capita in India stood at 87.99 kg. For the forecasted years from 2024 to 2028, the per capita volume shows a slight but consistent decline: 87.98 kg in 2024, 87.97 kg in 2025, 87.95 kg in 2026, 87.94 kg in 2027, and 87.92 kg in 2028. Year-on-year percent variation demonstrates a marginal downward trend:
- 2024 to 2025: -0.01%
- 2025 to 2026: -0.02%
- 2026 to 2027: -0.01%
- 2027 to 2028: -0.02%
Over the last two years, the per capita volume has shown a slight decline averaging around -0.01% per year. The compound annual growth rate (CAGR) over the coming five years remains negative but minor, at -0.02%.
Future Trends to Watch For:
- Shifts in dietary preferences favoring other food categories over vegetables.
- Potential impacts of agricultural policies and climate conditions on vegetable production.
- Consumer trends towards organic and locally-sourced produce possibly affecting consumption volumes.
