India's poultry meat production at the farm gate has shown significant growth from 5.63 billion US dollars in 2013 to 13.6 billion US dollars in 2023. The year-on-year growth rates varied widely, peaking at 24.84% in 2016 before stabilizing more recently with a 6.1% increase in 2023. The CAGR over the last five years stands at 8.21%, highlighting consistent growth. Looking ahead, the forecast up to 2028 projects a five-year CAGR of 3.86%, indicating a moderation in growth, with an overall increase of 20.88% over this period.
Future trends to watch for include:
- Adoption of advanced farming techniques to increase efficiency.
- Changes in consumer preferences geared toward healthier and organic options.
- Potential impacts of government policies on the agribusiness sector.
- Integration of new technologies such as IoT and AI in poultry farming.
