India Poultry Processing Industry to Register 11.5% CAGR to 2022, Forecasts Netscribes in Its In-Demand Report Available at MarketPublishers.com
27 Oct 2017 • by Natalie Aster
LONDON – Nowadays, India ranks the 2nd largest egg and the 3rd largest broiler chicken producer worldwide. As for volume, this country is emerging as the 2nd biggest poultry market across the globe with an annual growth of over 14%.
Remarkable growth of the Indian poultry market is attributed to increasing incomes, rising affordability and favourable support from the country’s government. Other important market growth engine is the increasing number of quick-service restaurants (McDonald’s, Dominos, KFC, Pizza Hut, etc.), which encouraged the surging demand for processed meat in the country.
However, India’s poultry processing industry also faces certain challenges, for instance, lack of advanced technologies and processing equipment, and also substantial gaps in supply chain management.
The Indian poultry processing industry is poised to witness sustainable growth at a 11.5% CAGR up to FY 2022. By the end of the projected period, the value of the domestic poultry processing industry is set to reach INR 96.2 billion in value terms.
In-demand topical research study “Poultry Processing Market in India 2017” worked out by Netscribes presents a complete analysis of the domestic poultry processing sector with detailed statistics on the sector’s performance. It includes a detailed trade analysis, reviews the main market growth restraining and propelling factors, covers the recent industry developments, delves into the competitive environment and profiles top players. Moreover, the report sheds light on the future possible growth opportunities and challenges, and also offers future forecasts for the domestic poultry processing sector up till 2022.
Note that customisation is available for this study, for further details contact our Sales Manager, Alison, at [email protected].
Visit Netscribes online catalogue at MarketPublishers.com to get access to a full list of the publisher’s research studies.