India Poultry Market Top 5 Importing Countries and Market Competition (HHI) Analysis
India`s poultry import market in 2024 saw a significant presence of top exporting countries such as Metropolitan France, USA, Belgium, Germany, and Canada. Despite the high Herfindahl-Hirschman Index (HHI) indicating a concentrated market, the industry experienced a healthy Compound Annual Growth Rate (CAGR) of 6.37% from 2020 to 2024. The growth momentum further accelerated in 2024 with a notable growth rate of 14.24% compared to the previous year, reflecting a robust demand for poultry imports in India.
India Poultry Market Synopsis
The size of the poultry industry in India is estimated to be around INR 180,000 crores (USD 24.6 billion). It accounts for 10% of India total livestock production and 1.2% of the country?s GDP. The sector provides direct employment to over 1 million people in addition to providing indirect employment opportunities for many more. India domestic poultry consumption was 8 million tonnes, registering a growth rate of 6%.
Market Drivers of the market
In the India poultry market, the drivers include the increasing population, urbanization, and rising disposable incomes. Poultry products, being a cost-effective source of protein, are widely consumed across the country. As the population continues to grow, so does the demand for poultry products, supporting the growth of the market.
Challenges of the Market
The poultry industry in India faces various challenges that impact its growth potential. Disease outbreaks, such as avian influenza, can lead to significant losses in poultry production. Moreover, ensuring biosecurity measures and proper vaccination protocols are crucial to maintain the health of poultry flocks. Additionally, volatile feed prices and increasing production costs add to the complexities faced by poultry farmers and businesses.
Covid-19 Impact on the Market
The poultry market in India faced challenges as the outbreak of avian influenza in certain regions led to reduced consumption and international trade restrictions. However, with proper safety measures, the industry managed to recover gradually.
Key Players of the Market
Suguna Foods Pvt. Ltd., Venky`s India Ltd., Godrej Agrovet Ltd., Skylark Group, and Amrit Group.
Key Highlights of the Report:
- India Poultry Market Outlook
- Market Size of India Poultry Market, 2024
- Forecast of India Poultry Market, 2031
- Historical Data and Forecast of India Poultry Revenues & Volume for the Period 2021-2031
- India Poultry Market Trend Evolution
- India Poultry Market Drivers and Challenges
- India Poultry Price Trends
- India Poultry Porter's Five Forces
- India Poultry Industry Life Cycle
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Segments for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Broiler for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Eggs for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By End Uses for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Food Service for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Household for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Distribution Channels for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Traditional Retail Stores for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Business To Business for the Period 2021-2031
- Historical Data and Forecast of India Poultry Market Revenues & Volume By Modern Retail Stores for the Period 2021-2031
- India Poultry Import Export Trade Statistics
- Market Opportunity Assessment By Segments
- Market Opportunity Assessment By End Uses
- Market Opportunity Assessment By Distribution Channels
- India Poultry Top Companies Market Share
- India Poultry Competitive Benchmarking By Technical and Operational Parameters
- India Poultry Company Profiles
- India Poultry Key Strategic Recommendations
