Suguna Foods Private Limited, IB Group, and Skylark Hatcheries Pvt. Ltd, among others, are the major players in the India poultry market.
As per the analysis by Expert Market Research, the India poultry market size reached a value of INR 1,749.9 billion in 2021. The industry is further expected to grow at a CAGR of 8.1% in the forecast period of 2022-2027 to reach a value of approximately INR 2,897.6 billion by 2027.
The market is driven by changes in the consumer food habits and the rising disposable incomes. A shift from the traditional Indian diet, which is mainly comprised of pulses and food products like vegetables and dairy products, to meet the protein requirements of the human body has led to a significant growth in the India poultry market. Also, there has been a growing awareness of health and wellness among people, which is driving the demand for a protein-rich diet. Other factors like improvements in the standards of living and patterns of lifestyle, rise in disposable incomes, rapid urbanisation and the growth of the distribution channels are also boosting the poultry market in India.
A strong growth in the food services market, which includes food chains, fast food joints, and restaurants, is leading to an increased consumption of eggs and broiler meat. The food recipes in India, be it traditional non-vegetarian food or fast food, both involves the use of broiler meats along with eggs. The thriving bakery foods market is increasing the demand for eggs as it is a commonly used ingredient in bakery foods. This is expected to create a positive outlook on the India poultry market in the forecast period.
Regionally, the markets for eggs and broilers in India are dominated by Andhra Pradesh and Maharashtra, respectively. Increased government efforts to expand the poultry industry in the region are considered responsible for the market expansion in these states.
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|Headquarters:||Coimbatore, Tamil Nadu|
Suguna Foods Private Limited, a leader in poultry products, is one of the largest poultry enterprises in India. The company carries out its operations in 18 states across the country. Suguna’s success model includes energising rural India to benefit farmers. Till date, they have been able to cover over 42,000 farmers from more than 8000 villages. Frozen chicken, one of their products, is exported to different parts of the world.
IB Group is a well-integrated business which offers a diversified portfolio providing the best protein nutrition. The group has diversified its business lines into dairy, FMCG, livestock feed, specialised pet food, solvent, and hospitality segments. IB Group produces the best livestock feed for fish, shrimp, and poultry. The capacity of livestock feed production is 2,000 TPD for pelleted poultry feed, 300 TPD for extruded pelleted shrimp feed, and 1,200 TPD for extruded floating fish feed. They use hi-pro soya as the principal ingredient with higher protein and amino acids.
Skylark Hatcheries is one of the largest poultry producers in India. They have a very diversified portfolio of operations, including parent stock, hatcheries, broiler contract farming, grandparent stock, feed production, large-scale mechanised farming, equipment fabrication and poultry processing. The company has five main businesses classified into hatchery operations, feed production, broiler farming, grandparent operations, PS broiler operations, and PS layer operations. The four basic products offered by them are feed, processed chicken, day-old chicks, and poultry equipment.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.