India Poultry Market: Industry Trends, Share, Size, Growth, Opportunity And Forecast 2019-2027

Poultry is domesticated birds that offer food and fiber, such as chicken, duck, turkey, and geese. Due to the rising worldwide population and purchasing power, the poultry industry is predicted to rise significantly throughout the forecast period. The global population, for example, was 7.6 billion in December 2017, according to the World Bank, and is predicted to reach 11.8 billion by 2021.

Changing Food Habits and Increasing Incomes: Broiler meat was always considered a delicacy, but as the world becomes more urbanized and people have more discretionary income, poultry meat is becoming less of a luxury item and more of a daily necessity.

Domesticated birds or broilers are reared, hatched, bred, and processed as poultry. Chickens, ducks, turkeys, geese, and other poultry grew primarily for eggs and meat are included. During the previous two decades, India's poultry industry has seen major statistical breakthroughs as well as a total shift in its general structure and functioning. Due to several integrated participants and significant investment in breeding, hatching, rearing, and processing activities, it has grown from a simple backyard activity to a full-fledged commercial business.

India's Chicken Market Trends: The Poultry Market in India is primarily driven by rising consumer health consciousness and an increasing preference for protein-rich foods. Broiler meat and eggs are also in high demand due to increased exposure to foreign cuisines, changing consumer food preferences, and the growing acceptance of non-vegetarian or eggetarian diets. Furthermore, rising consumer living standards and rising demand for healthy lifestyles are both important growth drivers. Aside from that, the Indian government's launch of many initiatives aimed at supporting poultry farming in the country is also boosting industry growth.

Several government agencies, including the Department of Animal Husbandry and Dairying, are launching capital finance programs to help poultry farmers improve their product quality and educate them. Furthermore, the regional market is being boosted by the expanding presence of restaurants and fast-food establishments, as well as the increased use of meat and eggs in both traditional and international non-vegetarian dishes. Furthermore, the increased popularity of pre-cooked, canned, processed, and frozen meat products, especially among consumers with busy lives, is positively boosting product demand in the country. In addition, the India Poultry Market is likely to be driven in the coming years by wide product availability through online and offline organized retail channels, as well as continuing advancements in the food and beverage sector.

 Tyson Foods, Inc., JBS S.A., Pilgrim's Pride Corporation, Wens Foodstuff Group Co. Ltd., BRF S.A., Perdue Farms, Sanderson Farms, Baiada Chicken, Bates Turkey Farm, and Amrit Group are some of the major players in the worldwide Poultry Market.In order to enhance their position in the global market, key players are focusing on strategies such as business and capacity expansions. For example, Pilgrim's Pride Corporation stated in February 2016 that it would invest US$ 190 million in expanding its chicken processing factory in Kentucky, USA.