Forecast: Chicken Meat Production in India

Between 2013 and 2023, chicken meat production in India showed a steady increase. In 2023, production stood at 4.8041 million metric tons. Analyzing the last two years, the year-on-year growth rates were 3.43% for 2022 and 3.25% for 2023. Over the past five years, the compound annual growth rate (CAGR) averaged 3.41%, indicating a more tempered growth compared to earlier years.

Future trends to watch for include a forecasted further increase in production, reaching 5.5948 million metric tons by 2028. The forecasted 5-year CAGR is estimated to be 2.4%, highlighting a deceleration in growth rate but sustained expansion. Observing changes in consumer preferences, technological advancements in poultry farming, and potential policy shifts will be vital.