Forecast: Poultry Meat Consumption at Farm Gate in India

From 2013 to 2023, poultry meat consumption in India has shown a steadily increasing trend, growing from 1.91 million metric tons to 5.56 million metric tons. The annual percentage variations demonstrate significant growth, particularly from 2013 to 2014 with a substantial increase of 58.99%, although the growth rate has stabilized more recently, reaching 5.87% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is 6.53%. Future forecasts estimate continued growth, reaching 7.06 million metric tons by 2028, with a five-year CAGR of 3.76% and an overall growth rate of 20.29% over this period.

Future trends to monitor include:

• Increasing urbanization and rising disposable incomes leading to higher poultry meat consumption.
• Potential impacts of global trade policies and domestic poultry production capabilities on supply and prices.
• Changing consumer preferences and dietary shifts toward high-protein diets.
• The role of technological advancements in poultry farming and supply chain efficiencies.