In 2023, chicken meat slaughtering in India reached 3.0284 billion units, marking a steady increase over the past decade. Year-on-year variations show fluctuations, with significant growth recorded in 2014 (17.51%) and a downturn in 2020 (-2.64%). Most recently, 2022 and 2023 saw modest growth rates of 2.66% and 2.54%, respectively. The five-year compound annual growth rate (CAGR) leading up to 2023 was 2.91%, indicating consistent but moderate growth compared to the earlier decade.
Looking ahead to 2028, forecasts predict continued growth in chicken meat slaughtering, with a five-year CAGR of 1.92%. Future trends to watch for include:
- Shifts in consumer preferences towards plant-based proteins.
- Impact of policy changes on livestock farming and trade regulations.
- Technological advancements in poultry farming that may influence productivity and output.
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