Product Code: ETC382284 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India goat meat market size was valued at USD 5 billion registering growth at CAGR 3.4% over the forecast period driven by rising awareness about health benefits associated with consuming goat meat along with availability across multiple channels including butcher shops & wet markets besides online channels thus driving its overall sale volume across various regions nationwide including North India where it is highly consumed on religious festivals. Furthermore presence of unorganized players catering frozen cuts has lowered prices considerably making it readily affordable thereby boosting its consumption among lower income groups coupled with significant exports to Middle East countries contributing positively toward industry expansion over upcoming years. Moreover Increasing preference towards organic produce owing to its superior nutritional content compared to traditional meats further fueling demand among health conscious population.
The goat meat market in India is experiencing significant growth due to several driving forces. The increasing preference for goat meat over other types of meat, owing to its perceived health benefits and unique taste, has contributed to its rising demand. Furthermore, the growing population of non-vegetarian consumers and the rising disposable income have led to a surge in goat meat consumption in the country. Additionally, the expansion of the organized meat processing industry and the establishment of hygienic meat supply chains have bolstered the market`s growth.
The greenhouse horticulture and nursery market faces challenges related to resource management. Maintaining the necessary environmental conditions for growing crops in greenhouses can be energy-intensive and expensive. Additionally, ensuring proper pest and disease management is essential to sustain healthy plant growth.
The goat meat market in India experienced fluctuations during the COVID-19 pandemic. While there was an initial surge in demand as consumers stockpiled essentials, the closure of traditional meat markets and the decreased purchasing power of consumers affected the demand for goat meat. Farmers faced challenges in maintaining their livestock due to supply chain disruptions for feed and veterinary services. However, local and online meat delivery platforms gained popularity, partially offsetting the losses.
In the goat meat market, companies like Al-Noor Goat Farm, Poddar Goat Farms, Bakra World, and Sojat Goat Farms have made significant contributions to the supply and distribution of goat meat, catering to the dietary preferences and cultural practices of various regions in India.