Over the past decade, India's meat production has shown a generally upward trend. In 2014, production stood at 6.74 million metric tons, gradually increasing to 7.43 million metric tons by 2023. This represents a modest compound annual growth rate (CAGR) of 0.46% over the last five years and a year-on-year increase of 0.53% in 2023.
Key points to note from recent years include:
2015 saw a significant boost with a 2.8% year-on-year increase.
2016 to 2019 exhibited steady but modest growth, except for a dip in 2020 with a -4.46% decrease, likely impacted by external factors such as the COVID-19 pandemic.
Recovery was observed in 2021 with a 5.84% rise, highlighting resilience.
The forecasted data suggest continued but slow growth, peaking at 7.63 million metric tons by 2028 with an estimated CAGR of 0.42% over the next five years.
Future trends to watch for include shifts in consumer preferences toward different meat types, potential impacts of regulatory changes, and advancements in meat production technology that could influence overall productivity.
