Di. Aug 6th, 2024

India Poultry and Hatchery Market – Technological integration for precision poultry farming and increasing focus on poultry genetics & breeding is expected to drive the India Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “India Poultry and Hatchery Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030 F”, the India Poultry and Hatchery Market stood at 1.23 Billion and is anticipated to grow with a CAGR of 8.34% in the forecast period, 2026-2030. The Indian poultry and hatchery market is driven by several key factors. The growing consumer demand for protein-rich foods has significantly boosted the poultry industry. Government initiatives aimed at supporting the poultry sector, such as subsidies and training programs for farmers, further fuel this growth.

The increasing adoption of advanced technology in hatcheries for higher productivity and improved hatchability rates is another major driver. The ongoing shift from unorganized to organized retail is accelerating the market growth as it brings better cold storage and distribution facilities for poultry products.

India’s poultry and hatchery market is a burgeoning sector, showing significant growth over the past few years. The market’s robustness is driven by an increasing population, rising income levels, and changing dietary patterns.

Chicken is a primary source of protein in the Indian diet, and the demand is consistently high. The ‘Egg Layer’ sector, responsible for providing eggs, and the ‘Broiler’ sector, which deals with chicken meat production, constitute the two main segments of the poultry market in India. Both sectors have been witnessing steady growth, primarily due to advancements in genetics, veterinary health, and nutrition, all contributing to the increase in yield per bird.India’s hatchery market also demonstrates promising growth. Hatcheries play a crucial role in the poultry industry, providing chicks for both meat (broilers) and egg (layers) production.

Technological advancements in incubation, hatching, and chick processing have significantly contributed to the hatchery market’s development. Modern hatcheries are now more efficient, with higher productivity and lower mortality rates. Despite the growth, there are considerable challenges. The industry is largely unorganized, and poultry farming is still considered a secondary occupation in many parts of India, with the majority of farmers lacking access to advanced technology and financial resources. Disease outbreaks, such as bird flu, pose a significant risk. The lack of cold storage facilities and inadequate transportation also impede market growth.

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Government interventions, including subsidies and training programs, are working to address these concerns and promote the industry’s growth. Moreover, the increased emphasis on contract farming and integration in the poultry industry is paving the way for a more organized market structure. The Indian poultry and hatchery market is growing rapidly, driven by increasing population, urbanization, and changing dietary habits. However, challenges persist and need to be addressed for the industry to reach its full potential. Despite this, the outlook for this market remains positive, with opportunities for substantial growth in the coming years.

The India Poultry and Hatchery Market is segmented into type, sales channel, regional distribution, and company.

Based on type, Broiler/Meat  is the fastest growing segment in the Indian Poultry and Hatchery Market. There has been a significant rise in the demand for protein-rich foods in India due to changing dietary preferences and increasing awareness about the nutritional benefits of poultry meat. Broiler chicken is a popular and affordable source of animal protein for a large section of the Indian population. Urbanization and changing lifestyles have led to a shift in dietary habits, with a greater preference for convenient and quick-cooking protein sources like broiler chicken.

This has boosted the demand for poultry meat in urban and semi-urban areas. The growth of quick-service restaurants (QSRs) and food chains in India has further fueled the demand for broiler chicken. These establishments require a consistent and large supply of poultry meat to cater to the increasing consumer base. The Indian poultry industry has seen increased investments in modern poultry farming practices, including improved breeding techniques, feed formulations, and disease management.

This has led to higher productivity and efficiency in meat production, making broiler farming more profitable and scalable. Government initiatives promoting poultry farming and hatchery operations have also contributed to the growth of the broiler/meat segment. Schemes providing subsidies, training, and infrastructure development have encouraged farmers to invest in broiler production. The development of efficient distribution networks and cold chain infrastructure has facilitated the distribution of poultry meat across the country. This has made broiler meat more accessible and affordable in both urban and rural areas.

Based on region, North India is the fastest growing region in the Indian Poultry and Hatchery Market. North India has experienced significant growth in population and urbanization, leading to an increased demand for poultry products such as chicken and eggs. As income levels rise and dietary preferences change, there is a growing demand for protein-rich foods like poultry products. There has been substantial investment in poultry farming and hatchery infrastructure in North India.

This includes modernization of farms, adoption of advanced technologies in poultry management, and improved supply chain logistics. These investments have enhanced efficiency and productivity in the region. Government policies and initiatives to promote poultry farming and animal husbandry in North India have played a role in driving growth. This could include subsidies, training programs, and infrastructure development support for farmers and entrepreneurs in the poultry sector. North India generally has a climate that is conducive to poultry farming.

The region experiences diverse weather patterns, including cold winters and hot summers, which are suitable for different aspects of poultry production. The market dynamics in North India, including factors such as consumer preferences, market competition, and distribution networks, have likely contributed to the growth of the poultry and hatchery industry in the region. Changing consumer preferences towards healthier protein sources and increased awareness about the nutritional benefits of poultry products have boosted demand in North India. North India’s proximity to major urban centers and transportation networks also enhances its potential for accessing export markets, further driving growth in the poultry sector.

Major companies operating in India Poultry and Hatchery Market are:

  • IB Group
  • Suguna Foods Pvt. Ltd.
  • Skylark Hatcheries Pvt. Ltd.
  • Venky’s (India) Ltd.
  • Sneha Group Srinivasa Farms Pvt. Ltd.
  • Bharati Poultry Pvt. Ltd.
  • RM Group
  • KEGGFARMS Pvt. Ltd.
  • AMD integrated Farms
  • VH Group

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“The Indian Poultry and Hatchery market is poised for significant growth in the coming years. There is a growing demand for protein-rich diets, driven by an increasing awareness of the importance of a balanced and healthy lifestyle. This trend is expected to continue, leading to a sustained demand for poultry products. Advancements in breeding methods have revolutionized the industry, allowing for the production of healthier and more productive poultry. These advancements, coupled with the rising population, create a favorable environment for the growth of the market.

Furthermore, government initiatives aimed at supporting small and medium poultry businesses have played a crucial role in boosting the industry. These initiatives have provided financial assistance, technical support, and training programs, enabling entrepreneurs to establish and expand their businesses.,” said Mr. Karan Chechi, Research Director, TechSci Research, a research-based management consulting firm.

India Poultry and Hatchery Market By Type (Layer/Egg, Broiler/Meat), By Sales Channel (Institutional Sales, Traditional/Modern Retail Sales), By Region, By Competition, Forecast and Opportunities, 2020-2030F”, has evaluated the future growth potential of India Poultry and Hatchery Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Poultry and Hatchery Market.

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