Snapshot
India is the largest producer of Milk and Buffalo Meat
India has a vast resource of livestock and poultry, which plays a vital role in improving the socio-economic conditions of rural masses. There are about 303.76 Mn bovines (cattle, buffalo, mithun and yak), 74.26 Mn sheep, 148.88 Mn goats, 9.06 Mn pigs and about 851.81 Mn poultry as per 20th Livestock Census in the country.
In the current scenario, India is the largest producer of Milk and Buffalo Meat, the 2nd largest producer of Goat meat, 3rd in Egg production and the 8th largest in overall Meat Production in the world.
The livestock sector grew at a compound annual growth rate of 13.36% from 2014-15 to 2021-22.
Export of poultry products in the fiscal year 2022-23 touched notable 664,753.46 Metric Tonnes with a total worth of $134.04 Mn to over 57 countries.
India's exports of Animal Products in 2022-23 was $4,062.15 Mn which include the major products like Buffalo Meat ($3194.70 Mn), Sheep/ Goat Meat ($66.92 Mn), Other Meat ($2.18 Mn), Poultry Products ($134.04 Mn), Dairy Products ($284.65 Mn), Animal Casing ($40.87 Mn), Processed Meat ($1.47 Mn), Casein ($101.19 Mn), Albumin Eggs & Milk ($33.06 Mn), and Natural Honey ($203.07 Mn).
Buffalo meat dominated the exports with a contribution of over 78.65% in total Animal Products export from India in 2022-23.
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Size of Indian Poultry Industry (2023)
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FDI Allowed through Automatic Route for Food Processing
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The annual growth rate for meat production in India (2021-22)
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Expected CAGR of Indian Poultry Market (2024-2032)
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The contribution to total Livestock GVA (at constant prices) was 30.19% of Agricultural and Allied Sector GVA and 5.73% of Total GVA in 2021-22.
India ranks 5th in the world in terms of meat production. The total meat production in the country is 9.77 Mn Tonnes in the year 2022-23.
The top 5 meat producing States are Maharashtra (12.25%), Uttar Pradesh (12.14%), West Bengal (11.63%), Andhra Pradesh (11.04%) and Telangana (10.82%).
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Industry Scenario
Poultry
The total egg production in the country is 138.38 Bn in numbers in the year 2022-23. The per-capita availability of egg is 101 eggs per annum. The egg production has increased by 7.35% over the last 9 years. The top 5 egg producing States are Andhra Pradesh (20.41%), Tamil Nadu (16.08%), Telangana (12.86%), West Bengal (8.84%), Karnataka (6.38%) Together, they contribute 64.56% of total egg production in the country.
Meat
India ranks 8th in the world in terms of total meat production. The total meat production in the country is 9.77 MT in the year 2022-23. The meat production has increased by 5.62% as compared to 2020-21. The per capita availability reached 6.82 Kg/annum for the year 2021-22 from 6.52 Kg/annum in the year 2020-21. Nearly 51.44% of meat production is contributed by Poultry whereas Buffalo, Goat, Sheep, Pig, and Cattle contribute nearly 17.49%, 13.63%, 10.33%, 3.93% and 3.18% of meat production respectively to the total meat production of the country. The top 5 meat producing States are Maharashtra (12.25%), Uttar Pradesh (12.14%), West Bengal (11.63%), Andhra Pradesh (11.04%) and Telangana (10.82%). Together, they contribute 57.86% of total meat production in the country.
Animal Feed
The Indian animal feed market grew at 3.5% CAGR over last 5 years, to reach the size of approx. $11.66 Bn. There is an expectation that it'll reach ~$19.23 Bn by 2028 exhibiting a CAGR of 8.2%. India has established strong markets for Cattle and Poultry feeds. Both are growing at 15% and 8-9% respectively have grounds for huge potential in future. Cattle feed mainly comprises grains (like jowar, millets etc.) and their cakes, mustard, cotton seeds and their oil cakes, de-oiled rice and soyabean. On the other hand, poultry is mainly fed maize, jowar, wheat, soy and their concentrates.
GROWTH DRIVERS
Robust Support Ecosystem
The Ministry of Animal Husbandry and Dairying has established a robust support ecosystem for entrepreneurs and companies involved in the Animal Husbandry and Dairying sector. This includes offering attractive incentives such as interest subvention of up to 3% on loans, as well as providing grants of up to 2 Cr for eligible projects. These measures aim to foster growth, encourage innovation, and bolster the development of the sector while providing substantial financial assistance to entrepreneurs and companies keen on making significant contributions in the field of Animal Husbandry and Dairying.
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