India Poultry Market Research 2023-2028: Growth, Demand, Biggest Companies Share, Size and Forecast Report

PRESS RELEASE
Published April 25, 2023

How big is poultry industry in India?

IMARC Group’s latest research report, titled “India Poultry Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” The India poultry market size reached INR 1,905.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 3,477.8 Billion by 2028, exhibiting a growth rate (CAGR) of 10.18% during 2023-2028.

India Poultry Industry Overview:

Poultry refers to domesticated birds that are primarily raised for their meat, eggs, or feathers, and are known for their high feed conversion rate due to their ability to efficiently convert feed into body mass. Poultry typically includes small to medium-sized birds such as chickens, ducks, turkeys, and geese. Poultry animals generally have a relatively short life span and enhanced adaptability to different environments, which provide ease of raising and processing. Poultry production requires less land, water, and feed, making it more sustainable and environmentally friendly, and compared to other sources of animal protein, poultry meat and eggs are relatively inexpensive. Some of the advantages of poultry include steady source of income and food security, poultry manure as a natural fertilizer, and organic meat production.

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Biggest Poultry Players in India:

  • 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
  • Venkys India (VH Group).

India Poultry Market Trends:

The market in India is primarily driven by the increasing population, resulting in a higher demand for poultry products to meet the growing protein needs of the masses. In line with this, the growing health consciousness among the masses is resulting in a paradigm shift towards protein-rich products, which is fueling the market. Additionally, the inflating disposable incomes is resulting in a higher uptake of organic poultry products, which is also acting as another sgnificant growth-inducing factor. Also, the rising popularity of western food habits and lifestyles that requires heavy meat consumption is resulting in a higher market growth. Some of the other factors contributing to the market include rapid urbanization, growth in the food and beverage industry, favorable government initiatives supporting poultry farms, and extensive research and development (R&D) activities.

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Key Market Segmentation:

Breakup by End-Use:

Breakup by Distribution Channel:

  • Traditional Retail Stores
  • Business to Business (B2B)
  • Modern Retail Stores

Breakup by Region:

  •  Maharashtra
  •  Haryana
  •  West Bengal
  •  Tamil Nadu
  •  Andhra Pradesh
  •  Uttar Pradesh
  •  Telangana
  •  Kerala
  •  Karnataka
  •  Punjab
  •  Orissa
  •  Bihar
  •  Madhya Pradesh
  •  Gujarat
  •  Rajasthan
  •  Others

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