Indian Poultry Processing Market Estimated to reach a value of INR 96.2 billion with Growing CAGR of 11.5% until 2022

July 19, 2018

India is the second-largest egg and third-largest broiler chicken producer in the world. In terms of volume, India is emerging as the world’s second largest poultry market with an annual growth of more than 14%. Factors such as such as rising income, increasing affordability and government support are to be attributed for this remarkable growth.

According to Netscribes research, the poultry processing industry in India is expected to grow at a CAGR of 11.5% until FY 2022 to reach a value of INR 96.2 billion. With the increase in the number of quick-service restaurants such as KFC, McDonald’s, Pizza Hut, and Dominos, the demand for processed meat has skyrocketed in India. Also, easy availability and accessibility of processed meat in urban areas is an important factor contributing to the growth of the poultry processing market in India.
The per capita disposable income in India is increasing steadily and has resulted in an increased demand for processed meat. Government initiatives such as 100% FDI and tailored GST are boosting the growth of the poultry processing market in India.