Indian Animal Husbandry Market
DELHI, INDIA, October 19, 2022 /EINPresswire.com/ — According to IMARC Group’s newest analysis report, titled “Indian Animal Husbandry Market Growth: Industry Trends, Share, Size, Opportunity and Forecast 2022-2027,” The Indian animal husbandry market dimension reached INR 997 Billion in 2021. Looking ahead, IMARC Group expects the market to attain INR 1,574.7 Billion by 2027, exhibiting a development price (CAGR) of seven.66% throughout 2022-2027.
Animal husbandry refers to an agricultural apply of breeding and elevating livestock, comparable to cattle, sheep, horses, and canine. It entails the administration and care of animals whereas sustaining their genetic qualities and common conduct. It additionally consists of guaranteeing correct administration of animals by offering satisfactory meals, shelter, and safety in opposition to quite a few ailments. Additionally, it promotes animal crossbreeding and strengthens the manufacturing of quite a few meals merchandise comparable to meat, eggs, and milk. It is gaining widespread prominence throughout the nation due to its a number of benefits, together with correct disposal of animal waste, employment for farmers, and a wholesome setting.
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Industry Growth Drivers:
Significant development within the agriculture business is driving the Indian market. Additionally, the rising funding by the federal government of India to assist animal breeders and promote consciousness about animal well being is propelling the market development. Moreover, the rising prevalence of zoonotic ailments in animals is offering a lift to the demand for animal husbandry throughout the nation. Furthermore, the simple availability of merchandise by way of on-line and offline organized distribution channels and the arrival of house supply fashions are considerably supporting its development. Apart from this, the shifting client preferences in the direction of animal-based meals merchandise are impacting the market development favorably. Other elements, together with steady technological developments within the agriculture business and the rising strategic collaboration between main gamers, are additional driving the market in India.
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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
Competitive Landscape:
The aggressive panorama of the market has additionally been examined within the report and the profiles of key gamers have additionally been offered.
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