Forecast: Poultry Meat Slaughtering in India

The poultry meat slaughtering industry in India exhibited steady growth from 2013 to 2023, with the total volume reaching 3.0635 billion heads in 2023. Year-on-year variations showed fluctuations, with the highest growth in 2014 at 17.28% and a slight decline in 2020 of -2.69%. Over the last two years, the industry recorded modest growth rates of 2.65% in 2022 and 2.53% in 2023.

Analyzing the five-year compound annual growth rate (CAGR) from 2019 to 2023, the poultry meat slaughtering volume grew at an average rate of 2.91% per year. Forecasted data suggests that from 2024 to 2028, the industry's growth rate will slow down slightly, averaging a forecasted 1.91% CAGR with an overall five-year growth rate of 9.93%.

Future trends to watch for include:

• Increased focus on sustainable and ethical farming practices.
• Potential impacts of disease outbreaks on production volumes.
• Shifts in consumer preferences towards plant-based or alternative proteins.
• Technological advancements in poultry farming and processing.
• Evolving regulatory and trade landscape affecting industry dynamics.