The growth of the poultry meat industry in India has shown remarkable fluctuations over the past decade. According to historical data, the valuation of the industry stood at €12.11 billion in 2023, marking a stable and progressive increase. The industry saw significant variations in its year-on-year growth, with notable peaks in 2015 and 2019 where growth rates spiked by 28% and 24.36%, respectively. However, the market also experienced dips, particularly in 2018, when the year-on-year growth was negative at -3.46%. The CAGR from 2013 to 2023 was 9.34%, indicating steady positive momentum.
Looking forward, the forecasted data suggests a continuing upward trend with a projected valuation of €15.55 billion by 2028. The forecasted 5-year CAGR stands at 3.94%, reflecting moderate growth. This projection points to a growth rate of 21.33% over the next five years.
Future trends to watch for include advancements in poultry farming technology, shifts towards sustainable and organic poultry farming, and changes in consumer preferences towards protein-rich diets. Additionally, policy changes and economic fluctuations might impact future growth, making it imperative to monitor regulatory developments and market conditions closely.
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