Report ID: SQSIC30I2389
Report ID:
SQSIC30I2389 |
Region:
Country |
Published Date: April, 2024
Pages:
157
|Tables:
61
|Figures:
75
Indian Kadaknath Market was valued at USD 29.2 million in 2019, and USD 33.6 in 2019 and it is expected to reach a value of USD 103.6 million by 2031, at a CAGR of 15.1% over the forecast period (2024-2031).
Kadaknath is a prominent indigenous breed of bird found in extensive sections of Western Madhya Pradesh, mainly in the districts of Jhabua and Dhar. Kadaknath has been bred for quite some time. Tribes raised poultry, resulting in several generations of selection and breeding. Some of the key breed characteristics were the result of gene fixation. This chicken's flesh and internal organs are black, which is a breed feature. It should also be noted that it is India's one-of-a-kind black meat chicken breed. Meat and eggs are also said to be high in protein. Kadaknath Poultry's Distinctiveness The trachea, thoracic and abdominal air sacs, gonads, elastic arteries, near the base of the heart, and mesentery all have the typical black colouring of this breed.
The protein-rich and black-colored flesh of the Kadaknath kind of chicken, which is endemic to Jhabua, is the only animal breed to get a GI tag. The Kadaknath breed's comparative value, both economically and nutritionally, making it increasingly significant among chicken breeds. Kadaknath is transforming the lives of farmers in Madhya Pradesh and Chhattisgarh's tribal regions. Kadaknath has already reached 117 districts in 20 Indian states and has been exported to Asian nations.
Indian Kadaknath Market is poised to grow at a sustainable CAGR for the next forecast year.
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The Indian Kadaknath Market is segmented based on the Type, Application, and Region. Based on the Type, the Indian Kadaknath Market is segmented as Jet Black and Others. Based on the Application, the Market is segmented as Household and Commercial. Based on Region Indian Kadaknath Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Indian Kadaknath Market Analysis by Application
In terms of type, Jet black dominated the Indian market in 2021 and is projected to show a similar trend over the forecast period. Kadaknath identity is its jet-black colour or in other words black flesh. Kadaknath is a significant indigenous breed of poultry native to Western Madhya Pradesh, namely the Jhabua and Dhar Districts, as well as surrounding portions of Gujarat and Rajasthan.
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Indian Market is quickly emerging as a lucrative market for Kadaknath and the world's leading market. India is projected to witness the fastest growth owing to increasing per capita spending coupled with a growing demand for meat containing high nutrition. The commercialization of Kadaknath chicken raising, particularly in Kerala, Andhra Pradesh, Telangana, and Tamil Nadu. The flesh of Kadaknath chicken is black, while the eggs are brown. The new Kadaknath manufacturing process has lowered mortality from more than 50% to less than 5%. You may now expect 10 to 12% mortality, which has increased the survival rate and total earnings in Kadaknath chicken farming.
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Indian Kadaknath Market Driver
Multiple health benefits of consuming Kadaknath
Indian Kadaknath Market Restraint
Increasing cost and competition from local players
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Kadaknath chicken is in high demand, and the breed was recently approved for sale throughout India. As a result, the market is now highly concentrated and is expected to give many development opportunities during the projection period. This breed's medicinal value is particularly valuable in homoeopathy and is beneficial in the treatment of certain medical conditions. Tribal groups mostly raise the Kadaknath chicken breed in Bhil and Bhilala.
Indian Kadaknath Market Top Player's Company Profiles
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According to our Indian Kadaknath Market Analysis, every month after the sixth month, a farmer may generate a profit of roughly $ 700 after all farm running expenses in the wholesale market and nearly double the profit in retail sales. During the festival season, Kadaknath cockerel may be purchased for anywhere between $ 10 and $ 15. As a result, kadaknath will soon take over the chicken market.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 29.2 million |
Market size value in 2031 | USD 103.6 million |
Growth Rate | 15.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Indian Kadaknath Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Indian Kadaknath Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Report ID: SQSIC30I2389