The expanding landscape of India’s poultry sector

Published 2024년 1월 22일

Tridge summary

The poultry sector in India has experienced rapid growth due to rising disposable incomes, changes in food habits, and increased awareness about health and wellness. The sector has witnessed a compound annual growth rate (CAGR) of 7.9% and its contribution to total agriculture GVA has increased significantly. The adoption of modern technology, diversification of products, focus on export opportunities, and collaboration with government agencies and industry associations have been crucial for the growth and resilience of the poultry industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Over the last four decades or so, the poultry sector has grown fastest among the livestock species transforming itself into supplier of the most economic sources of protein for consumers through development of value chains. The growth in the India poultry industry is being driven by rising disposable incomes and a change in food habits. The shift from the traditional diet, which relied heavily on pulses, to food products such as meat, eggs, and dairy products to meet the protein requirements is significantly aiding the industry growth. The increasing awareness about health and wellness is further driving the demand for a protein-rich diet. According to the Economic Survey (2022-23), the livestock sector comprising dairy, poultry meat, eggs and fisheries witnessed a compound annual growth rate (CAGR) of 7.9% during 2014-15 to 2020-21 (at constant prices), and its contribution to total agriculture GVA (at constant prices) has increased from 24.3% in 2014-15 to 30.1% in 2020-21. ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.