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India - Meat - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2025

India - Meat - Market Analysis, Forecast, Size, Trends and Insights

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Nov 18, 2023

India's Meat Exports Plummet 24% to $223M in July 2023

India Meat Exports

In July 2023, approximately 74K tons of meat were exported from India; with a decrease of -22.3% on the previous month's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 with an increase of 23% m-o-m.

In value terms, meat exports shrank notably to $223M (IndexBox estimates) in July 2023. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when exports increased by 28% against the previous month. As a result, the exports reached the peak of $300M. From April 2023 to July 2023, the growth of the exports remained at a lower figure.India Meat Exports By Country (Million USD)

COUNTRYExport Value of Meat in India (million USD)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Vietnam30.933.141.038.928.222.745.149.936.634.234.037.735.6
Malaysia28.525.345.050.450.930.343.641.862.856.018.825.333.0
Egypt12.334.540.015.224.824.019.131.233.959.167.350.328.9
Iraq17.026.422.320.620.224.820.815.318.621.826.031.920.9
United Arab Emirates14.116.015.518.420.919.113.517.123.518.813.819.718.4
Saudi Arabia10.611.810.114.021.825.222.420.212.710.024.619.813.9
Philippines9.314.27.69.610.88.09.611.611.29.87.16.54.0
Others93.592.082.066.363.093.051.746.210053.242.910168.2
Total216253263233241247226233300263234292223

Exports by Country

Vietnam (12K tons), Malaysia (12K tons) and Egypt (9.9K tons) were the main destinations of meat exports from India, together comprising 46% of total exports.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($36M), Malaysia ($33M) and Egypt ($29M) appeared to be the largest markets for meat exported from India worldwide, together comprising 44% of total exports.

Egypt, with a CAGR of +7.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Beef (cattle meat) (74K tons) was the largest type of meat exported from India, accounting for a 99% share of total exports. It was followed by lamb and sheep meat (675 tons), with a 0.9% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of export of beef (cattle meat) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: lamb and sheep meat (-1.2% per month) and goat meat (+70.3% per month).

In value terms, beef (cattle meat) ($218M) remains the largest type of meat exported from India, comprising 98% of total exports. The second position in the ranking was held by lamb and sheep meat ($4.8M), with a 2.1% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of beef (cattle meat) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: lamb and sheep meat (-1.2% per month) and goat meat (+69.0% per month).

Export Prices by Country

In July 2023, the meat price stood at $2,998 per ton (FOB, India), which is down by -1.9% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 9.7% against the previous month. Over the period under review, the average export prices hit record highs at $3,068 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to the United Arab Emirates ($3,434 per ton) and Saudi Arabia ($3,223 per ton), while the average price for exports to Iraq ($2,701 per ton) and the Philippines ($2,786 per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the meat market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1108 - Meat of asses
  • FCL 947 - Buffalo meat
  • FCL 1127 - Meat of camels
  • FCL 867 - Meat of cattle
  • FCL 870 - Meat of cattle, boneless
  • FCL 1017 - Goat meat
  • FCL 1097 - Horse meat
  • FCL 1111 - Meat of mules
  • FCL 1158 - Meat of other domestic camelids
  • FCL 1151 - Meat of other domestic rodents
  • FCL 1035 - Pig meat
  • FCL 1141 - Rabbit meat
  • FCL 977 - Meat of sheep

Country coverage:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024

  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    14. Production Volume and Growth
    15. Yield and Growth
    16. Exports and Growth
    17. Export Prices and Growth
    18. Market Size and Growth
    19. Per Capita Consumption
    20. Imports and Growth
    21. Import Prices
    22. Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Producing Animals: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country, 2012-2024
    30. Imports, in Value Terms, by Country, 2012-2024
    31. Import Prices, by Country, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country, 2012-2024
    36. Exports, in Value Terms, by Country, 2012-2024
    37. Export Prices, by Country, 2012-2024

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