India Meat Market- Trend Analysis & Forecasts
Description
India Meat Market Overview:
India meat market valued at US$ ** billion in 2024 and is projected to grow at a CAGR of **% from 2025 to 2030. India's meat market is experiencing robust growth, driven by increasing urbanization, changing dietary preferences, and rising disposable incomes. The market encompasses a diverse range of meat products, including poultry, mutton, buffalo meat, and pork. Poultry dominates the segment due to affordability and cultural preferences, while buffalo meat is largely exported. Despite India's large population, per capita meat consumption remains lower than the global average, constrained by cultural and religious factors. However, the market is witnessing a shift as younger demographics adopt more varied diets, and export markets expand due to high demand for Indian buffalo meat.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India meat market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Key drivers include rising urbanization, increased disposable incomes, growing health awareness, and demand for protein-rich diets. The expansion of modern retail formats, convenience-driven processed meat products, cultural shifts towards non-vegetarian diets, and technological advancements in meat production are fueling market growth. Additionally, India's position as a major exporter of buffalo meat, particularly to markets in the Middle East, Southeast Asia, and Africa, contributes to the industry's expansion.
Market Restraints
Challenges include health and safety concerns impacting consumer trust, fluctuations in raw material prices, potential disruptions in supply chains and logistics, and changing consumer preferences and dietary trends. Additionally, the presence of a substantial vegetarian population and cultural sensitivities around meat consumption can limit market growth in certain regions.
Market Segmentation
India’s meat market is segmented by type, preparation, variety, cuts, and sales channels, shaped by cultural diversity, regional diets, and evolving consumer behavior. The market spans poultry, seafood, beef, pork, and other meats like mutton and goat. Poultry leads, accounting for over **% of total meat consumption in 2024, due to low cost, wide religious acceptance, and lower fat content. Seafood holds a strong share of **%, especially in coastal states like Kerala, West Bengal, and Tamil Nadu. Beef and pork make up less than **% combined, with demand confined to specific regional and religious communities.
Fresh/raw meat dominates, making up around **% of total sales, driven by traditional cooking habits and the prominence of wet markets. Processed meat, though smaller in share at **%, is expanding rapidly in metro cities with a CAGR of **%, supported by changing lifestyles and the growth of organized retail and cold storage networks.
Frozen meat is the most consumed processed variety, accounting for **% of the processed segment, favored by urban households and foodservice operators for its shelf life and availability. Canned and cured meats, although under 10% share, are gaining ground due to exposure to Western diets and increased demand for ready-to-eat products. Premium cuts account for **% of the market, mostly in urban areas and high-end outlets. The remaining **% is dominated by economy cuts, heavily preferred in price-sensitive segments across rural and semi-urban India.
Domestic sales make up over **% of the market, split between retail (**%) and HoReCa (**%). Wet markets still handle the majority of retail sales, but organized meat retail is growing at **% CAGR. On the export front, India is the world’s largest buffalo meat exporter, shipping over **million tonnes in 2023, mainly to Vietnam, Malaysia, Egypt, and the Middle East. Seafood exports stood at ** million tonnes, valued at US$ ** billion in FY 2024, driven by demand from the U.S., China, and Southeast Asia.
Competitive Landscape
The Indian meat market is characterized by the presence of both large integrated players and numerous small-scale operators. Domestic companies like Suguna Foods and VH Group dominate the market through their extensive distribution networks and strong brand recognition. The industry is witnessing increasing consolidation through mergers, acquisitions, and strategic partnerships, particularly in the processed meat segment.
Outlook
The Indian meat market is poised for significant growth, with projections indicating a CAGR of **% from 2025 to 2030. Factors such as urbanization, rising incomes, changing dietary preferences, and expanding export markets are expected to drive this growth. Continued investment in infrastructure, cold chain logistics, and adherence to international quality standards will be crucial in sustaining this momentum.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Beef, Poultry, Pork, Seafood, and Others)
By Preparation (Fresh/Raw and Processed)
By Variety (Canned Meat, Frozen Meat, Dry Preserved, Cured Meat, and Others)
By Cut Preferences (Premium Cuts and Economy Cuts)
By Sales (Domestic Consumption (Retail & HoReCa) and Exports)
• Companies Profiled: The market players include, Venky’s India Ltd., Suguna Foods Pvt. Ltd., Simran Farms Ltd., Al Kabeer Exports Pvt. Ltd., Nippon Meat Packers India Pvt. Ltd., Allanasons Private Limited, Godrej Agrovet Limited, Sneha Group, Charoen Pokphand Group, Amrit Group, HMA Agro Industries, IB Group, Apex Frozen Foods Limited, Prabhat Poultry Pvt. Ltd., The Waterbase Limited, and Others.
India meat market valued at US$ ** billion in 2024 and is projected to grow at a CAGR of **% from 2025 to 2030. India's meat market is experiencing robust growth, driven by increasing urbanization, changing dietary preferences, and rising disposable incomes. The market encompasses a diverse range of meat products, including poultry, mutton, buffalo meat, and pork. Poultry dominates the segment due to affordability and cultural preferences, while buffalo meat is largely exported. Despite India's large population, per capita meat consumption remains lower than the global average, constrained by cultural and religious factors. However, the market is witnessing a shift as younger demographics adopt more varied diets, and export markets expand due to high demand for Indian buffalo meat.
Primary Areas/ Elements of Research & Analysis
The report provides comprehensive and valuable insights into the supply and demand dynamics of the India meat market. Below are the variables considered and analyzed in the report:
• Supply-demand trends, market growth, and trade
• Market structure, conduct, and performance analysis
• Historical and forecasted market size (volume & value)
• Trade analysis (export & import), including key partners, quantities, values, and price trends
• Supply chain mapping, pricing, and regulatory framework
• Competitive landscape profiling of key players
• Factors influencing market performance, including sustainability trends
Market Growth Factors
Key drivers include rising urbanization, increased disposable incomes, growing health awareness, and demand for protein-rich diets. The expansion of modern retail formats, convenience-driven processed meat products, cultural shifts towards non-vegetarian diets, and technological advancements in meat production are fueling market growth. Additionally, India's position as a major exporter of buffalo meat, particularly to markets in the Middle East, Southeast Asia, and Africa, contributes to the industry's expansion.
Market Restraints
Challenges include health and safety concerns impacting consumer trust, fluctuations in raw material prices, potential disruptions in supply chains and logistics, and changing consumer preferences and dietary trends. Additionally, the presence of a substantial vegetarian population and cultural sensitivities around meat consumption can limit market growth in certain regions.
Market Segmentation
India’s meat market is segmented by type, preparation, variety, cuts, and sales channels, shaped by cultural diversity, regional diets, and evolving consumer behavior. The market spans poultry, seafood, beef, pork, and other meats like mutton and goat. Poultry leads, accounting for over **% of total meat consumption in 2024, due to low cost, wide religious acceptance, and lower fat content. Seafood holds a strong share of **%, especially in coastal states like Kerala, West Bengal, and Tamil Nadu. Beef and pork make up less than **% combined, with demand confined to specific regional and religious communities.
Fresh/raw meat dominates, making up around **% of total sales, driven by traditional cooking habits and the prominence of wet markets. Processed meat, though smaller in share at **%, is expanding rapidly in metro cities with a CAGR of **%, supported by changing lifestyles and the growth of organized retail and cold storage networks.
Frozen meat is the most consumed processed variety, accounting for **% of the processed segment, favored by urban households and foodservice operators for its shelf life and availability. Canned and cured meats, although under 10% share, are gaining ground due to exposure to Western diets and increased demand for ready-to-eat products. Premium cuts account for **% of the market, mostly in urban areas and high-end outlets. The remaining **% is dominated by economy cuts, heavily preferred in price-sensitive segments across rural and semi-urban India.
Domestic sales make up over **% of the market, split between retail (**%) and HoReCa (**%). Wet markets still handle the majority of retail sales, but organized meat retail is growing at **% CAGR. On the export front, India is the world’s largest buffalo meat exporter, shipping over **million tonnes in 2023, mainly to Vietnam, Malaysia, Egypt, and the Middle East. Seafood exports stood at ** million tonnes, valued at US$ ** billion in FY 2024, driven by demand from the U.S., China, and Southeast Asia.
Competitive Landscape
The Indian meat market is characterized by the presence of both large integrated players and numerous small-scale operators. Domestic companies like Suguna Foods and VH Group dominate the market through their extensive distribution networks and strong brand recognition. The industry is witnessing increasing consolidation through mergers, acquisitions, and strategic partnerships, particularly in the processed meat segment.
Outlook
The Indian meat market is poised for significant growth, with projections indicating a CAGR of **% from 2025 to 2030. Factors such as urbanization, rising incomes, changing dietary preferences, and expanding export markets are expected to drive this growth. Continued investment in infrastructure, cold chain logistics, and adherence to international quality standards will be crucial in sustaining this momentum.
Scope of the Report:
• Historical Years: 2018-2023
• Base Year: 2024
• Forecast Period: 2025-2030
• Units: Value (US$ Million) and Volume (Thousand Tonnes)
• Report Coverage: Production, Consumption, Export, and Import
• Segments Covered:
By Type (Beef, Poultry, Pork, Seafood, and Others)
By Preparation (Fresh/Raw and Processed)
By Variety (Canned Meat, Frozen Meat, Dry Preserved, Cured Meat, and Others)
By Cut Preferences (Premium Cuts and Economy Cuts)
By Sales (Domestic Consumption (Retail & HoReCa) and Exports)
• Companies Profiled: The market players include, Venky’s India Ltd., Suguna Foods Pvt. Ltd., Simran Farms Ltd., Al Kabeer Exports Pvt. Ltd., Nippon Meat Packers India Pvt. Ltd., Allanasons Private Limited, Godrej Agrovet Limited, Sneha Group, Charoen Pokphand Group, Amrit Group, HMA Agro Industries, IB Group, Apex Frozen Foods Limited, Prabhat Poultry Pvt. Ltd., The Waterbase Limited, and Others.
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