Poultry Processing Market in India to Reach a Value of INR 107.6 Bn in 2023
Research On Global Markets has announced the addition of a market research report titled “Poultry Processing Market In India (2018-2023)” to their offering. According to the report, the poultry processing market in India is expected to expand at a compound annual growth rate (CAGR) of 12% between 2018 and 2023, to reach a value of INR 107.6 Bn in 2023. The production of poultry meat in India stands at 3.46 Mn tonnes, expanding at a rate of 6% on a year-over-year basis.
The research report published by Research On Global Markets features a comprehensive analysis of the Indian poultry processing market. According to the report, government schemes like foreign direct investment (FDI) allowance in the food processing sector and cold chain are supposed to fuel the development of the poultry processing sector in India. The report also highlights the role of poultry associations like the Poultry Federation of India (PFI), the Compound Livestock Feed Manufacturers Association (CLMFA), the National Egg Coordination Committee (NECC), the Indian National Federation of Animal Health (INFAH), and the Broiler Coordination Committee (BCC) for guiding the farmers regularly and creating awareness among the customers. It promotes egg consumption on various occasions, thus improving sales.
However, lack of dry processing and storage facilities during the transportation process is deemed to be a major growth deterrent for the market as it has resulted in lower-than-expected broiler meat production in India. Broiler meat production in India has increased at a CAGR of ~7% from FY 2012 to FY 2017. Currently, the per capita consumption of broiler meat in India is extremely low (3.35 kg per person per year), compared to Brazil (45 kg), the United States (43 kg), and China (10.5 Kg).
Research On Global Markets tracks the performance of the major players operating in the Indian poultry processing market including Godrej Agrovet Limited, Venky’s India Limited, Arambagh Hatcheries Limited, Baramati Agro Limited, Hind Agro Industries Limited, Skylark Foods Private Limited, Sneha Farms Private Limited, Srinivasa Farms Private Limited, and Suguna Foods Private Limited, among others.
Key highlights of this report:
- Overview of the poultry processing market in India
- Market size and growth forecast - value-wise (2016-2023e)
- Top five states in terms of poultry population (FY 2017)
- Egg production market size and growth forecast - volume-wise (FY 2012- FY 2017)
- Poultry-broiler production market size and growth forecast - volume-wise (FY 2012-FY 2017)
- Qualitative analysis of the major drivers and challenges affecting the market
- Analysis of the competitive landscape and profiles of major players operating in the market
- Key recent developments associated with the poultry processing market in India
This report has been formulated and designed with the purpose of giving businesses a concise understanding of the demand for processed poultry in India to determine the viability of the market, develop strategies based on the drivers, and to help brands identify competition and respond accordingly.