India Meat Products Market Import Shipment Trend (2020-2024)
The India meat products market import shipment experienced a significant decline with a CAGR of -46.8% from 2020 to 2024. However, there was a notable rebound in growth between 2023 and 2024, with a growth rate of 12.2%. The market showed signs of stabilization after a period of contraction, indicating potential recovery and renewed interest.
India Meat Products Market Synopsis
India meat product market was estimated at $8986 million and is anticipated to register a CAGR (Compound Annual Growth Rate)of 8% over the years driven primarily by rising health concerns among consumers coupled with changing dietary preferences resulting from various lifestyle changes amongst urban population groups along with high presence & availability of raw material resources including poultry & other meats throughout the country supporting efficient production operations. Moreover, introduction of innovative flavoured sausages, burgers , ham , combined with attractive packaging options have further helped boost consumer acceptance & appreciation towards packaged meat product offerings.
Market Drivers of the market
In the India meat products market, the key drivers are the changing dietary preferences and the increasing disposable income of consumers. As the population becomes more urbanized and time-constrained, the demand for processed and ready-to-cook meat products has surged. Moreover, the influence of Western food culture and the growing presence of fast-food chains have further stimulated the market`s growth.
Challenges of the Market
The India meat products market faces challenges related to health and safety regulations, especially with regards to food handling and processing. Ensuring compliance with stringent standards becomes crucial to maintain consumer trust.
Covid-19 Impact on the Market
The meat products market saw a decline in demand during the pandemic, primarily due to consumer concerns about food safety and hygiene. With a shift towards plant-based and home-cooked meals, the market for meat products faced challenges.
Key Players of the Market
The India meat products market has witnessed substantial growth due to changing dietary habits and urbanization. Major players in this market include Venky`s India Ltd., Al Kabeer Exports Pvt. Ltd., Godrej Tyson Foods Ltd., and Allanasons Private Limited.
Key Highlights of the Report:
- India Meat Products Market Outlook
- Market Size of India Meat Products Market, 2024
- Forecast of India Meat Products Market, 2031
- Historical Data and Forecast of India Meat Products Revenues & Volume for the Period 2021-2031
- India Meat Products Market Trend Evolution
- India Meat Products Market Drivers and Challenges
- India Meat Products Price Trends
- India Meat Products Porter's Five Forces
- India Meat Products Industry Life Cycle
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Pork for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Mutton for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Convenience Stores for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By E-Commerce for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Product Type for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Chilled for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Frozen for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Canned/Preserved for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Nature for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Organic for the Period 2021-2031
- Historical Data and Forecast of India Meat Products Market Revenues & Volume By Conventional for the Period 2021-2031
- India Meat Products Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Distribution Channel
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Nature
- India Meat Products Top Companies Market Share
- India Meat Products Competitive Benchmarking By Technical and Operational Parameters
- India Meat Products Company Profiles
- India Meat Products Key Strategic Recommendations
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