In 2023, egg production at the farm gate in India was valued at approximately 7.5 billion USD. Moving forward from 2024 to 2028, forecasts suggest a consistently upward trend in the value of egg production with values projected at 7.75, 8.05, 8.35, 8.64, and 8.94 billion USD respectively. The year-on-year growth rates show a steady increase, reflecting confidence in market stability and demand. On average, the compounded annual growth rate (CAGR) over these years stands at about 3.6%.
Future trends to watch for include:
- Increased domestic demand driven by rising population and awareness of eggs as a nutritious option.
- Potential fluctuations in production costs due to feed price variations and investments in technology.
- Impact of changing climatic conditions on production efficiency and yield.
- Shifts in export dynamics influenced by international trade policies and comparative pricing with global markets.