Indian Animal Husbandry Market Size 2023, Latest Trends, Opportunities, and Forecast by 2028

According to the latest report by IMARC Group, titled "Indian Animal Husbandry Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Indian animal husbandry market size reached INR 1,085 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 1,683 Billion by 2028, exhibiting a growth rate (CAGR) of 7.4% during 2023-2028.

Indian Animal Husbandry Market Overview:

Animal husbandry is the art and science of breeding, caring for, and raising animals for various purposes, including food, fiber, labor, and companionship. This holistic approach involves carefully managing livestock and ensuring their well-being, health, and productivity. It encompasses a range of practices such as breeding selection, nutrition, disease prevention, and shelter design. It plays a pivotal role in agriculture, providing a sustainable source of meat, milk, wool, and other essential products.

Effective animal husbandry ensures the economic viability of farming and contributes to the ethical treatment of animals, acknowledging their welfare as an integral part of the process. Balancing tradition with modern innovations, it is crucial for maintaining a harmonious relationship between humans and the animal kingdom.

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Indian Animal Husbandry Market Trends:

The market in India is majorly driven by the rapid technological advancements. In line with this, the rising demand for animal products and the increasing focus on sustainable and ethical practices are significantly contributing to the market growth. Furthermore, technological innovations, including precision farming techniques and smart farming solutions, have significantly enhanced efficiency in animal husbandry operations. Automated feeding systems, IoT-enabled monitoring devices, and data analytics tools contribute to streamlined processes, minimizing resource wastage and maximizing productivity. Moreover, the escalating global population and a corresponding rise in protein consumption are key drivers.

As developing economies witness urbanization and income growth, dietary preferences shift towards protein-rich sources, intensifying the demand for livestock products. Additionally, there's a growing awareness of the environmental impact of traditional animal farming practices, leading to a rise in demand for sustainable and eco-friendly alternatives. This has spurred the adoption of practices such as organic farming, pasture-based systems, and responsible use of resources, propelling the market forward. Besides, the increasing concerns about animal welfare have led to the implementation of stringent regulations and standards, fostering the development of humane and ethical animal husbandry practices.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/india-poultry-fishery-animal-husbandry-industry

Key Market Segmentation:

Breakup by Segment:

• Sheep and Goat Meat
• Buffalo Meat
• Hides and Skins
• Pig Meat
• Wool and Hair
• Broiler Meat
• Eggs
• Aquaculture
• Insects
• Others

Regional Insights:

• North India
• South India
• East India
• West India

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.