According to the latest report by IMARC Group, titled “Indian Poultry Market Research Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Indian poultry market reached a value of INR 1,988 Billion in 2020. Looking forward, IMARC Group expects the Indian poultry market to grow at a CAGR of 15.2% during 2021-2026. In India, the poultry sector has emerged as one of the major sectors of the economy that includes ducks, turkeys, chickens and geese for their eggs and meat. Due to this, the industry has undergone a significant transformation in structure and operation into a major industry with the presence of several integrated players.
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The rapid growth in the bakery industry represents the primary factor bolstering the Indian poultry market as eggs form an essential ingredient in bakery foods. Furthermore, the growing eggetarian and non-vegetarian population in the country has prompted consumers to prefer poultry meat over other meat products as it is considered more hygienic and is available throughout the year at a relatively lower price than fish/mutton. Besides this, the changing dietary patterns and rising health consciousness among consumers have encouraged them to replace from traditional Indian diet that heavily depends on pulses toward protein-rich food products such as meat, eggs, and dairy products. Moreover, the expanding online food delivery channels, such as Zomato, Swiggy, Food Panda and Uber Eats, have improved the demand for poultry products from the foodservice sector. These factors are anticipated to provide an impetus to the growth of the Indian market.
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Key Market Segmentation:
Breakup by End-Uses:
- Food Services
Breakup by Distribution Channels:
- Traditional Retail Stores
- Business To Business
- Supermarkets And Hypermarkets
- Convenience Stores
Breakup by State:
- Tamil Nadu
- West Bengal
- Uttar Pradesh
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- Value Chain Analysis
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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