India Meat Market Analysis and Forecasts, 2015-2025 – Analyzing Product Categories and Segments, Distribution Channel, Competitive Landscape, Packaging and Consumer Segmentation
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The Indian meat market was valued at $3.4 billion in 2020 and is projected to register a growth of more than 6% from 2021 to 2025. In 2020, Mumbai emerged as the largest meat market in India followed by Delhi and Kolkata respectively. Fresh meat (counter) was the leading category in volume terms across the leading cities in the Indian meat sector in 2020.
Per capita consumption and per capita expenditure of meat were higher in India than at the global and regional levels in 2020. Fresh meat (counter) was the largest category in 2020, followed by chilled raw packaged meat – whole cuts, chilled raw packaged meat – processed, frozen meat, ambient meat, cooked meats – packaged, and cooked meats – counter. Food & drinks specialists channel was the largest distribution channel in the Indian meat sector that has been accounted for a value share of more than 60% in 2020, followed by hypermarkets & supermarkets and convenience stores respectively.
Overview of the meat market in India
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What are the market dynamics in the meat market in India?
In 2020, fresh meat (counter) was the leading category in volume terms while the chilled raw packaged meat category is forecast to register the fastest volume growth during 2020-2025. Fresh meat was the largest category in volume terms in 2020. The chilled raw packaged meat – processed category is thus forecasted to register the fastest volume growth at a CAGR of more than 4% during 2020-2025, followed by chilled raw packaged meat – whole cuts.
Meat market in India, in 2020
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The top cities in the Indian meat sector accounted for 8% in 2020. Mumbai emerged as the largest meat market in India accounting for over 1%, followed by Delhi and Kolkata. The meat market in Hyderabad recorded the fastest growth with a CAGR of more than 3% during 2015-2020, while Kolkata recorded the slowest growth during the same period. Per capita consumption of meat in India increased from 2015 to 2020, which was lower than both the global level and the regional level. However, the per capita consumption of meat in India is expected to increase by 2025.
What are the category classifications in the Indian meat market?
Fresh meat (counter) was the largest category in volume terms in 2020. The fresh meat category is also expected to gain maximum market share in value terms during 2020-2025. The chilled raw packaged meat – processed category is forecasted to register the fastest volume growth during 2020-2025, followed by chilled raw packaged meat – whole cuts.
Indian meat market, by category
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Who are the major players in the India meat market?
The major players in the India meat market are Suguna Group, VH Group, Innovative Foods Limited, Godrej Tyson Foods Limited, and Amrit Group. In 2020, Suguna Group led the meat market of India followed by, VH Group, Innovative Foods Limited, Godrej Tyson Foods Limited, and Amrit Group. The Suguna Group accounted for a value share of more than 15% in 2020.
Indian meat market, by key players
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Market report scope
Market size (Year – 2020) |
$3.4 billion |
Growth rate | CAGR of >6% from 2021 to 2025 |
The base year for estimation | 2020 |
Forecast Period | 2021 – 2025 |
Segmentation by category | Chilled raw packaged meat – processed, Chilled raw packaged meat – whole cuts, Fresh meat (counter), and Frozen meat |
Key players | Suguna Group, VH Group, Innovative Foods Limited, Godrej Tyson Foods Limited, and Amrit Group |
Scope
The report provides an in-depth analysis of the following:
- Per capita consumption and per capita expenditure of meat was lower in India than both the global and regional levels in 2020.
- Food & drinks specialists was the leading distribution channel in the Indian meat sector
- In the Indian meat sector, private labels accounted for a significant share in 2020.
- Flexible packaging accounted for a significant share of the Indian meat sector in 2020.
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis.
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
- Our team of analysts has placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector.
- Analysis of key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes an economic summary of the country along with the labor market and demographic trends.
VH Group
Innovative Foods Limited
Godrej Tyson Foods Limited
Amrit Group
Delightful Gourmet Pvt Ltd
Sneha Group
Suggi
Coral Marine Food
Al Kabeer Group
Darshan Foods Pvt. Ltd.
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Figures
Frequently asked questions
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What is the market size of India’s meat market in 2020?
The market size of India’s meat market was valued at $3.4 billion in 2020.
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What is the growth rate of the Indian meat market?
India’s meat market is expected to grow at a CAGR of more than 6% during 2021-2025.
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What are the key categories of the Indian meat market?
The key categories of the Indian meat market include chilled raw packaged meat – processed, chilled raw packaged meat – whole cuts, fresh meat (counter), and frozen meat.
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Who are the key players in the Indian meat market?
The key players in the Indian meat market are Suguna Group, VH Group, Innovative Foods Limited, Godrej Tyson Foods Limited, and Amrit Group.
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