Indian Poultry Market Research Report, Size, Share, Trends and Forecast to 2024
The Indian poultry market has witnessed robust growth over the past few years which can be attributed to the flourishing food service industry, emerging organized retail outlets and rising demand from the eggetarian and non-vegetarian population in the co
(EMAILWIRE.COM, June 20, 2019 ) According to the latest report by IMARC Group, titled “Indian Poultry Market Research Report and Forecast 2019-2024”, the Indian poultry market reached a value of around INR 1,750 Billion in 2018. Poultry includes ducks, turkeys, chickens and geese are raised domestically or commercially for their eggs and meat. In recent decades, the poultry industry in India has been radically transformed and emerged as one of the major sectors of the economy. The growth of the industry has been driven by strong demand for these products emanating from the eggetarian and non-vegetarian population in the country. Moreover, due to rapid urbanization, inflating disposable incomes and rising health consciousness among consumers, the traditional Indian diet which had been heavily dependent on pulses has now been replaced with other protein-rich food products such as meat, eggs, and dairy products.
Get a PDF Sample for more detailed market: https://www.imarcgroup.com/indian-poultry-market/requestsample
Market Trends:
Changing food habits and busy schedules of the working population have increased the preference for convenient food offered at food joints. In addition to this, the introduction of online food delivery channels, such as Zomato, Swiggy, Food Panda and Uber Eats, has improved the accessibility to food services. Since a significant part of the demand for poultry products comes from the food service sector, its development is providing impetus to the growth of the Indian market. Apart from this, various organized retail outlets have emerged over the past two decades with adequate resources for freezing and refrigerating poultry products. In comparison with local grocery stores, these outlets also offer stock keeping units (SKU) for displaying different products. The expansion of these outlets is further creating a positive outlook for the market. Looking forward, the market value is projected to reach INR 4,340 Billion by 2024, expanding at a CAGR of more than 16% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/indian-poultry-market
Insights on Market Segmentation:
Market Breakup By End-Use:
Based on end-uses, the market has been bifurcated into households and food services. Presently, households represent the biggest segment for eggs, whereas food services represent the leading end-use segment for broilers due to the growing trend of dining-out among consumers.
Market Breakup By Distributed Channel:
On the basis of distribution channels, the market has been segregated into traditional retail, business-to-business, supermarkets and hypermarkets, convenience stores, online, and others. Currently, traditional retail accounts for the majority of the total market share for both eggs and broilers as consumers mostly prefer freshly slaughtered chicken which is provided by these outlets.
Market Breakup By Region:
State-wise, Andhra Pradesh and Maharashtra represent the leading markets for eggs and broilers, respectively. Several initiatives undertaken by the governing authorities have majorly contributed to the growth of the market in these states.
Browse similar reports by IMARC Group:
Global Agricultural Adjuvant Market Research Report and Forecast: https://www.imarcgroup.com/agricultural-adjuvants-market
Global Seed Treatment Market Research Report and Forecast: https://www.imarcgroup.com/seed-treatment-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Get a PDF Sample for more detailed market: https://www.imarcgroup.com/indian-poultry-market/requestsample
Market Trends:
Changing food habits and busy schedules of the working population have increased the preference for convenient food offered at food joints. In addition to this, the introduction of online food delivery channels, such as Zomato, Swiggy, Food Panda and Uber Eats, has improved the accessibility to food services. Since a significant part of the demand for poultry products comes from the food service sector, its development is providing impetus to the growth of the Indian market. Apart from this, various organized retail outlets have emerged over the past two decades with adequate resources for freezing and refrigerating poultry products. In comparison with local grocery stores, these outlets also offer stock keeping units (SKU) for displaying different products. The expansion of these outlets is further creating a positive outlook for the market. Looking forward, the market value is projected to reach INR 4,340 Billion by 2024, expanding at a CAGR of more than 16% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/indian-poultry-market
Insights on Market Segmentation:
Market Breakup By End-Use:
Based on end-uses, the market has been bifurcated into households and food services. Presently, households represent the biggest segment for eggs, whereas food services represent the leading end-use segment for broilers due to the growing trend of dining-out among consumers.
Market Breakup By Distributed Channel:
On the basis of distribution channels, the market has been segregated into traditional retail, business-to-business, supermarkets and hypermarkets, convenience stores, online, and others. Currently, traditional retail accounts for the majority of the total market share for both eggs and broilers as consumers mostly prefer freshly slaughtered chicken which is provided by these outlets.
Market Breakup By Region:
State-wise, Andhra Pradesh and Maharashtra represent the leading markets for eggs and broilers, respectively. Several initiatives undertaken by the governing authorities have majorly contributed to the growth of the market in these states.
Browse similar reports by IMARC Group:
Global Agricultural Adjuvant Market Research Report and Forecast: https://www.imarcgroup.com/agricultural-adjuvants-market
Global Seed Treatment Market Research Report and Forecast: https://www.imarcgroup.com/seed-treatment-market
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Information:
IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
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IMARC Services Pvt. Ltd.
Richard Lewis
Tel: 6317911145
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results