Indian Animal Husbandry Market to Hit INR 1,574.7 Billion by 2027 | CAGR of 7.66%
DELHI, INDIA, October 19, 2022 /EINPresswire.com/ — According to the latest research report of the IMARC group, titled “Growth of India’s Animal Husbandry Market: Industry Trends, Share, Size, Opportunities and Forecast 2022-2027”, the Indian livestock market size reached INR 997 billion in 2021. Looking ahead, IMARC Group expects the market reaches INR 1,574.7 Billion by 2027, growing at a CAGR of 7.66% during the period 2022-2027.
Livestock refers to an agricultural practice of herding and rearing livestock, such as cattle, sheep, horses, and dogs. It involves the management and care of animals while maintaining their genetic qualities and regular behavior. This also includes ensuring proper administration of animals by providing them with adequate food, shelter and protection against many diseases. In addition, it promotes animal crossings and strengthens the production of many food products such as meat, eggs and milk. It is gaining prominence across the country due to its many benefits, including proper disposal of animal waste, employment for farmers, and a healthy environment.
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Industry Growth Drivers:
Significant growth in the agricultural industry is driving the Indian market. Additionally, increasing investment from Indian government to support animal breeders and promote animal health awareness is propelling the growth of the market. Additionally, the increasing occurrence of zoonotic diseases in animals is driving the demand for animal husbandry across the country. Additionally, the easy availability of products through organized online and offline distribution channels and the advent of door-to-door delivery models are significantly supporting its growth. Apart from this, changing consumer preferences towards animal-derived food products are having a favorable impact on the growth of the market. Other factors including continuous technological advancements in the agriculture industry and growing strategic collaboration among key players are further boosting the market in India.
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Key Market Segmentation:
Breakdown by segment:
• Sheep and goat meat
• Buffalo meat
• Hides and skins
• Pork meat
• Wool and hair
• Chicken meat
• North India
• South India
• East India
• Western India
The competitive landscape of the market has also been examined in the report and profiles of key players have also been provided.
Browse more research reports:
• https://www.benzinga.com/pressreleases/22/08/ab28637448/india-plant-based-meat-market-expects-to-exhibit-a-growth-cagr-of-27-80-during-2022- 2027
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