The latest report by IMARC Group, titled "India Poultry Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032," offers a comprehensive analysis of the poultry market research in India. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The India poultry market size reached INR 2,099.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 4,620.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.9% during 2024-2032.
India Poultry Market Overview:
Poultry primarily refers to domesticated birds raised for their eggs, meat, and feathers, playing a crucial role in human agriculture and diet. Common types of poultry include chickens, turkeys, ducks, and geese, with chickens being the most widespread due to their efficiency in producing meat and eggs. The advantages of raising poultry are numerous. Poultry farming can be relatively low-cost and space-efficient, making it accessible for small to large-scale farmers. Additionally, poultry meat and eggs provide a valuable source of protein, essential amino acids, and other nutrients, which are vital for human health. Poultry also matures and reproduces quickly, offering a rapid turnover and economic benefit to those raising them. Poultry farming can also contribute significantly to food security, especially in regions with limited access to other forms of livestock farming.
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India Poultry Market Trends:
The increasing consumption of poultry products among the population is driving the market in India. As disposable incomes increase, more consumers are able to afford protein-rich diets, with poultry serving as a cost-effective and widely accepted source of animal protein. Additionally, cultural factors play a significant role in a country where a significant portion of the population avoids beef and pork due to religious beliefs, chicken and eggs present a culturally acceptable and popular alternative. This has led to an enhanced demand in both urban and rural areas, further propelled by aggressive marketing and the availability of various ready-to-cook and ready-to-eat poultry products.
Moreover, technological advancements in poultry farming have also been instrumental in augmenting the market. Innovations in breeding, feeding, and housing practices have increased the productivity and efficiency of poultry farms in India. Improved veterinary health services and vaccinations have significantly reduced mortality rates, enhancing yield per bird. Furthermore, the integration of automation and data analytics in farming practices has led to optimized resource management and a reduction in labor costs, boosting profitability for poultry farmers. Also, government initiatives and support have further bolstered the market. Policies aimed at enhancing poultry production, such as subsidies on equipment and favorable lending terms for poultry farmers, have encouraged more entrepreneurs to enter the industry.
Competitive Landscape:
The report has provided a comprehensive analysis of the competitive landscape in the market.
Bharati Poultry Pvt. Limited
IB Group
Mulpuri Group
RM Group
Simran Farms Limited
Skylark Hatcheries Pvt. Ltd.
Sneha Group Srinivasa Farms Private Limited
Suguna Foods Private Limited
VH Group
India Poultry Market Segmentation:
Breakup by End Use:
Food Services
Households
Breakup by Distribution Channel:
Traditional Retail Stores
Business to Business (B2B)
Modern Retail Stores
Breakup by States:
Maharashtra
Haryana
West Bengal
Tamil Nadu
Andhra Pradesh
Uttar Pradesh
Telangana
Kerala
Karnataka
Punjab
Orissa
Bihar
Madhya Pradesh
Gujarat
Rajasthan
Others
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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