Indian Animal Husbandry Market to Reach INR 2,117.1 Billion by 2032, Propelled by Rising Consumption of Meat and Dairy Products

March 15, 2023 | Agriculture

The latest report by IMARC Group, titled "Indian Animal Husbandry Market Report by Segment (Sheep and Goat Meat, Buffalo Meat, Hides and Skins, Pig Meat, Wool and Hair, Broiler Meat, Eggs, Aquaculture, Insects, and Others), and Region 2024-2032," finds that the Indian animal husbandry market size reached INR 1,167.2 Billion in 2023. Animal husbandry is the practice of raising selective livestock, such as dogs, sheep, cattle, and horses. It involves the management and development of genetic qualities and the regular behavior of animals for profit. It also includes providing food, shelter, and protection against diseases to domestic animals. In addition, it helps develop high-yielding breeds of animals to produce various food products, such as eggs, milk, and meat. Owing to these properties, animal husbandry is widely adopted for commercial purposes across India.

Indian Animal Husbandry Market Trends:

The market is primarily driven by the rising consumption of meat and dairy products in India. In addition, the shifting consumer preferences toward non-vegetarian food products are accelerating the adoption of animal husbandry in the country. Besides this, the Government of India (GoI) is undertaking various initiatives to support animal breeders and promote awareness about animal health. This, coupled with the increasing number of retail and hospital pharmacies providing veterinary drugs, nutritional supplements, and pet vaccines, is positively influencing the market growth. Moreover, the rising number of animal lovers and activists working to protect animal rights and prevent animal abuse and illegal slaughtering of animals is also creating a positive market outlook across the country. Furthermore, the growing prevalence of zoonotic diseases, the expanding e-commerce channels and online pharmacies, and the escalating demand for animal medicines and other healthcare products are propelling market growth. Looking forward, IMARC Group expects the market value to reach INR 2,117.1 Billion by 2032, exhibiting a CAGR of 6.6% during the forecast period (2024-2032). 

Market Summary:  

  • Based on the segment, the market has been categorized into sheep and goat meat, buffalo meat, hides and skins, pig meat, wool and hair, broiler meat, eggs, aquaculture, insects, and others. Amongst these, sheep and goat meat exhibits a clear dominance in the market.
  • Region-wise, the market has been divided into North India, West and Central India, South India, and East India. At present, North India accounts for the majority of the total market share.
  • The competitive landscape of the market has been examined in the report, with detailed profiles of the key players operating in the industry.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units INR Billion
Segment Coverage Segment, Region
Region Covered North India, South India, East India, West India
Customization Scope 10% Free Customization
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Indian Animal Husbandry Market to Reach INR 2,117.1 Billion by 2032, Propelled by Rising Consumption of Meat and Dairy Products
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