The data over the years from 2013 to 2023 shows a fluctuating yet generally increasing trend in the duck meat slaughtering volume in India, starting from 23.0 million units in 2013 and reaching 35.06 million units by 2023. Notable yearly variations include a significant increase of 12.53% in 2015 and 12.5% in 2019, though there was a notable dip of -6.63% in 2020. The most recent two years indicated minimal growth with 1.81% in 2022 and 1.74% in 2023. The compound annual growth rate (CAGR) over the last five years averaged 3.13%.
Looking towards the future, the forecast data suggests a continued albeit modest growth in duck meat slaughtering. The expected CAGR for the next five years is projected to be 1.35%, with an overall five-year growth rate of 6.92% from 2024 to 2028, indicating a slowdown compared to the past five years.
Key future trends to watch for:
- Potential impacts of changes in consumer preferences for alternative protein sources.
- Influence of agricultural policies and practices on duck farming.
- Impact of economic conditions and inflation on meat consumption patterns.
- Technological advancements in farming and processing that could enhance production efficiency.
