The growth in the India poultry industry is being driven by rising disposable incomes and a change in food habits. The shift from the traditional diet, which relied heavily on pulses, to food products such as meat, eggs, and dairy products to meet the protein requirements is significantly aiding the industry growth. The increasing awareness about health and wellness is further driving the demand for a protein-rich diet. According to the Economic Survey (2022-23), the livestock sector comprising dairy, poultry meat, eggs and fisheries witnessed a compound annual growth rate (CAGR) of 7.9% during 2014-15 to 2020-21 (at constant prices), and its contribution to total agriculture GVA (at constant prices) has increased from 24.3% in 2014-15 to 30.1% in 2020-21. According to EMR market research, the India poultry market, currently valued at USD $28.18 billion, is expected to grow at a CAGR of 8.1% in the forecast period of 2024-2032 to reach a value of approximately USD $44.97 billion by 2032. During the 2022-23, India exported poultry and poultry products to 64 countries, generating revenue of USD $134 million. AL PROTEINS Gr8 Foodz Arshad Shaikh Owais Latif https://lnkd.in/dSfGb84Q
India’s poultry sector is witnessing rapid growth, driven by rising incomes, dietary shifts, and technological advancements. As the sector evolves, it's becoming a key provider of affordable protein. Modern farming techniques and state-of-the-art technologies are enhancing production efficiency and meeting the increasing demand for chicken meat and eggs. The Indian poultry market, valued at $28.18 billion, is expected to grow significantly, reaching $44.97 billion by 2032. This growth is supported by the diversification into value-added products and strategic collaborations across the value chain. Ensuring food safety, optimizing supply chains, and leveraging government support are crucial for sustaining this growth. Continued innovation and collaboration are essential for the sector to thrive and provide nutritious, protein-rich food to millions, supporting the Right to Protein initiative. Credit to Ricky Thaper, Honorary Treasurer, Poultry Federation of India, for this insightful article. Read more here: https://lnkd.in/dGn-wad4 #RightToProteinSouthAsia #USSEC #poultry #agriculture #india #proteinrevolution