India's chicken meat production stood at 4.64 million metric tons in 2023. Reflecting on historical data, production has seen fluctuations but generally trended upwards. From 2013 to 2023, significant year-on-year variations include the sharp 12.38% decline in 2015 and an 8.05% drop in 2020. However, the years following these dips often saw recovery, such as a 6.13% rise in 2016 and a 7.21% increase in 2022. The last two years displayed steadier growth, with 7.21% in 2022 and 3.11% in 2023. Over the past five years, the compound annual growth rate (CAGR) stood at 2.71%.
The forecasted data for 2024 onwards suggests continued growth, with chicken meat production projected to reach 5.32 million metric tons by 2028, achieving a forecasted five-year CAGR of 2.16% and a five-year growth rate of 11.29%. These projections indicate a stable but modest growth trajectory in the chicken meat production sector.
Future trends to watch for include advancements in poultry farming technology, potential impacts of policy changes, and shifts in consumer demand patterns towards healthier and ethically produced meat. Economic factors and potential disruptions such as pandemics or trade restrictions may also influence production dynamics.
