The production of poultry meat in India has shown a general upward trend from 2014 to 2023, standing at 3.79 million metric tons in 2023. Significant year-on-year variations include strong growth in 2015 (7.09%) and 2017 (5.7%), while 2020 witnessed a contraction of 3.9% likely due to market disruptions. Over the last five years leading to 2023, the compound annual growth rate (CAGR) averaged at 0.95%, reflecting steady but moderate growth. Looking ahead, forecasted data until 2028 indicates a continuation of this pattern with a forecasted CAGR of 0.85%, culminating in a 4.31% overall growth.
Future trends to watch for:
- Potential impacts of policy changes and technological advancements in poultry farming.
- Fluctuations in feed costs and their effects on production scales.
- Shifts in consumer demand towards white meat driven by health trends.