In 2023, the poultry meat demand in India stood at 3.31 million metric tons, reflecting a year-on-year increase of 1.38%. Over the last five years, the Compound Annual Growth Rate (CAGR) has averaged 1.08%, indicating a slow yet steady growth pattern. Looking further back over the decade, the demand has been consistently rising, with notable year-on-year increases of around 5-6% from 2014 to 2018, followed by a more moderate growth phase.
For the near future, forecasts suggest a continued upward trend, with an estimated 3.52 million metric tons by 2028. The forecasted CAGR over the next five years stands at 0.98%, pointing to a stable growth trajectory with a cumulative growth rate of 4.97% over the period.
Future trends to watch for:
- Potential impacts of changing dietary preferences and health trends on poultry consumption.
- Technological advancements in poultry farming that could enhance production efficiency.
- Policy and regulatory changes affecting the poultry industry.
