Indian Poultry Market to Grow at 10.18% During 2023-2028, Impelled by Rising Demand for Protein-Rich Food

January 05, 2022 | Agriculture

According to the latest report by IMARC Group, titled "Indian Poultry Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Indian poultry market reached a value of INR 1,905.3 Billion in 2022. The poultry industry involves breeding, hatching, rearing, and processing domestic birds. It includes chickens, ducks, geese, and turkeys raised by humans that are domestically or commercially used for eggs, meats, and feathers. The poultry market has significantly gained prominence across India due to the increasing consumption of meat among individuals. Besides this, the introduction of online food delivery channels across the country that has improved the accessibility to food services, along with statistical advancements in the overall structure of the poultry industry, is also driving the market growth.


Indian Poultry Market Trends:

The market in India is primarily driven by the increasing health consciousness among the masses. Coupled with the changing dietary patterns and the rising demand for protein-rich food products among individuals, this is positively influencing the market growth. Moreover, inflating disposable income levels of the masses, along with the increasing preferences for leading a healthy lifestyle, is providing a boost to the sales of poultry products. Additionally, numerous initiatives undertaken by the government to support poultry businesses, including encouraging poultry farming by introducing capital fund schemes, are providing an impetus to the market growth. Apart from this, the rising popularity of international cuisines due to the penetration of social media is considered to be a major growth-inducing factor. Furthermore, the proliferation of restaurants and fast-food joints across the country are also creating a positive outlook for the market. Other factors, including easy product availability via the online and offline organized retail channels and continuous improvements in the food and beverages sector, are further projected to drive the market growth across India. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 10.18% during the forecast period (2023-2028).


Market Summary:

  • The global poultry market has been bifurcated into broiler and eggs.
  • Based on the end-use, the market has been segmented into food services and households.
  • On the basis of the distribution channel, the market has been categorized into traditional retail stores, business to business (B2B) and modern retail stores.
  • On the geographical front, the market for broilers has been divided into Tamil Nadu, Maharashtra, Haryana, West Bengal, Uttar Pradesh, Andhra Pradesh, Telangana, Kerala, Karnataka, Punjab, Orissa, Bihar, Madhya Pradesh, Gujarat, Rajasthan and others.
  • On the geographical front, the market for eggs has been segregated into Andhra Pradesh, Tamil Nadu, Telangana, West Bengal, Maharashtra, Haryana, Uttar Pradesh, Kerala, Karnataka, Punjab, Orissa, Bihar, Madhya Pradesh, Gujarat, Rajasthan and others.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

 

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units INR Billion, Billion Units, '000 Tons
Segment Coverage End Use, Distribution Channel, States
States Covered Maharashtra, Haryana, West Bengal, Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Telangana, Kerala, Karnataka, Punjab, Orissa, Bihar, Madhya Pradesh, Gujarat, Rajasthan, Others
Companies Covered Bharati Poultry Pvt. Limited, IB Group, Mulpuri Group, RM Hatcheries (RM Group), Simran Farms Limited, Skylark Hatcheries pvt. ltd., Sneha Group, Srinivasa Farms, Suguna Foods Private Limited, and Venkys India (VH Group)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Indian Poultry Market to Grow at 10.18% During 2023-2028, Impelled by Rising Demand for Protein-Rich Food
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