Tag: livestock

  • Meat Industry In India: Current State, Challenges, And Growth Opportunities

    The meat production industry is a vital part of the Indian agricultural setup. According to a research, meat production in India is estimated at 6.3 million tons annually and is ranked 5th in the world in terms of production volume. India is responsible for 3% of the total meat production in the world. The nation has the world’s largest population of livestock at about 515 million.

    The meat production segment has witnessed a healthy growth rate. It is known for generating reasonable returns for the producers. In India, beef and pork serve as valuable nutrition-filled consumables and are available at relatively lower prices. Almost 70% of the Indian population is non-vegetarian. The per capita meat consumption in India every year is around 5.2kg. Chicken and fish have the highest consumption rate. The consumption of poultry meat in India was over 3.9 million metric tons in 2020.


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    The Indian Meat Market
    Why is India a Favorable Destination for Poultry and Food Processing Industries?
    Advantages of Starting Meat and Poultry Production in India
    Opportunity in Poultry and Meat Sector
    Challenges Faced by The Meat Industry in India
    More About The Meat Industry in India
    The Future of Meat Industry
    FAQs

    The Indian Meat Market

    India exports more than more than 7,000 metric tons of poultry meat to other countries. Livestock trading in India is regulated by the state governments. India has the lowest per capita meat consumption in the world. It was just 5.6 kg in 2013, whereas the global average was 33.2 kg in that year. The Indian meat market mostly focuses on fresh meat; frozen meat is mostly exported.

    The volume of meat produced from 2016 to 2019 in India.
    The volume of meat produced from 2016 to 2019 in India.

    India has a large resource pool of animal castings and other by-products. The meat industry in India grew substantially during the periods of 2006-2007 and 2012- 2013. India is the second largest producer of buffalo meat in the world. The poultry meat segment is the largest sub-sector in the country’s meat industry and owned almost 50% of the total meat production in 2012-13. It is followed by beef/buffalo meat, goat meat, pork meat, sheep meat, and lamb meat.

    Uttar Pradesh (UP) is the largest meat producer followed by Andhra Pradesh, West Bengal, Maharashtra, and Tamil Nadu in the specified order. Sustained income and economic growth, a growing urban population, rapidly growing middle class, changing lifestyles, improvement in transportation and storage facilities, and the rise of supermarkets in rural towns are fueling the rapid increase in the consumption of animal-based food products in India.

    Why is India a Favorable Destination for Poultry and Food Processing Industries?

    • India is the fastest growing economy in the world.
    • It is the largest producer of agricultural commodities.
    • It has the second largest consumer market globally.
    • India has significant investments in world class ports, logistics, and supply chain infrastructure.
    • Proactive government policies.
    • Investor-friendly incentives.
    • Highly skilled manpower.

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    Advantages of Starting Meat and Poultry Production in India

    • India has the world’s largest population of livestock.
    • India produces around 5.3 million metric tons of meat and 75 billion eggs annually.
    • India is the largest producer of buffalo meat and the second largest producer of goat meat.
    • The current processing level in poultry is 6% while it stands at 21% for meat.
    • Poultry is a highly integrated industry.
    • The country is on par with the efficiency levels of many western countries.
    • The government of India has taken steps for modernization of municipal slaughter houses to provide safe and hygienic meat to consumers.
    • Export-oriented units have invested significantly in the establishment of large slaughter houses-cum-meat processing plants laden with the latest technology.
    • Farm automation, slaughter houses, logistics, and point-of-sale cold storage infrastructures are amazing growth avenues in India given the changing preference of Indian consumers for clean, safe, and hygienic meat products.

    There are about 27 modern meat processing plants (approved after due inspection) for the export of meat. All export oriented units (EOU) are registered with the Agricultural and Processed Food Products Export Development Authority (APEDA) of India.

    An video about Licious, an Indian startup for meat and seafood production in India.

    Opportunity in Poultry and Meat Sector

    The table below outlines the growth opportunities for the ‘technology and equipment suppliers’ and ‘poultry industry players’.

    Technology and Equipment Suppliers Poultry Industry Players
    New technologies in meat and poultry processing. New products that add value such as frozen products, RTC/RTE, and snacks.
    Cold chains. Egg powder plants.
    New veterinary technologies and services. New feed formulations.
    Food testing labs. Hatcheries.

    Challenges Faced by the Meat Industry in India

    One of the major challenges is improving the productivity of farm animals. The average annual milk yield of Indian cattle is 1172 kg which is only about 50 per cent of the global average. The frequent outbreak of infections like the foot and mouth disease, black quarter infection, and influenza severely impacts livestock health and lowers productivity.

    The next problem is the generation of greenhouse gases by the humongous population of herbivorous animals in India. Reducing the emissions through mitigation and adaptation strategies is a major challenge.

    Crossbreeding of indigenous species with exotic stocks to enhance the genetic potential of different species has been successful only to a limited extent.

    A breakdown of meat production trend in India.
    A breakdown of meat production trend in India.

    Unregulated meat markets, tropical climate, inadequate slaughterhouse hygiene measures, and the lack of surveillance of meat-borne diseases enhance the risk of health-related and occupational hazards. According to research, there are about 8000 registered and more than 20,000 unregistered slaughterhouses in the country and most of them are devoid of basic amenities like light and ventilation. Moreover, the slaughtering and carcass-dressing processes are performed in open areas in highly unhygienic conditions following which the meat is sold with little or no veterinary inspection.

    Finally, the meat production segment is largely unorganized. Traditional production systems and disorderly practices have spoilt the reputation of the Indian meat industry.

    More about the Meat Industry in India

    While India has an abundant supply of meat, the meat processing industry is yet to catch up. Meat processing covers a spectrum of products. It includes animal husbandry, poultry farm produce, bulk frozen meat, chilled and deli meat, packaged meat, and ready-to-eat processed meat products.

    There is immense scope for meat processing in poultry. In fact, the poultry industry has made considerable progress by developing and marketing value-added products. The meat industry is slowly yet steadily catching pace on the global front with India now exporting both frozen and fresh chilled meat to more than 60 countries.

    The major item of export is de-boned frozen buffalo meat which accounts for 97 per cent of the total meat export. The major markets for Indian buffalo meat are Malaysia and Egypt while for sheep meat and goat meat, the markets are UAE, Iran, and Jordan. India also exports a small quantity of processed meat to Thailand, Yemen, and Japan and some poultry products to Saudi Arabia, Oman, Kuwait, and Qatar.


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    The Future of Meat Industry

    Raising animals that are in good health is essential for the production of good quality meat. Farmers’ cooperatives can play a major role in the nourishment and marketing of hale and hearty livestock. They can also encourage backward integration/contract farming. Above all, if the Indian meat industry wants to achieve global recognition, the maintenance of food safety at all stages of production, processing, packing, storage, and marketing of meat and meat-derived products while adhering to the standards prescribed by the importing countries shall make a significant impact.

    FAQs

    What is livestock industry?

    Livestock industry is the industry dealing with raising the animals and processing of the animal products for consumers.

    What is meat industry?

    The meat industry handles the slaughtering, processing, packaging, and distribution of animals such as poultry, cattle, pigs, sheep and other livestock.

    What is the rank of India in meat production?

    India ranks 5th in meat production.

    Who is the largest meat producer in the world?

    The United States is the largest meat producer in the world.

    Which state is the largest producer of meat in India?

    Uttar Pradesh is the largest producer of meat in India.

    Which country is largest supplier of meat?

    Brazil is the largest exporter of meat.

  • Top 5 Best Stock Investment platform for Beginners

    Stock Market investments are always considered to be very complicated and hence a lot of people stay away from it. Nowadays with the launch of new mobile applications stock market investing have been made much easier. Let’s look at some of the best platforms to help you in stock market investing.

    Zerodha
    Upstox
    Groww
    Smallcase
    Moneycontrol
    FAQ

    Zerodha

    Zerodha Kite is one of the best stock market investment apps in India. It has a rating of 9.85 in the trading app segment. Zerodha was the first discount stock broker of India. Currently, it is the number 1 stockbroker in the country. The app has a user-friendly platform and it does not have a lot of information or resources which are unnecessary.

    All the investments using Zerodha are free of brokerage which means that if you buy a stock and don’t sell it on the same day then you will not have to pay any amount for the purchase of the stock. It is one of the best apps for a beginner stock market investor.

    Zerodha Website
    Zerodha Website

    If you are an investor who wants to research on your own and then invest in individual stocks you can choose Zerodha as your stockbroker. Zerodha also has a mobile application which is Zerodha Varsity.

    This application provides you with education on the basics of stock market investing and the different subjects related to it. You can access their mobile application for free of cost.

    Upstox

    Upstox is a leading discount broker in the country. It has a mobile application through which you can invest easily into stocks which is Upstox Pro. Upstox was formerly known as RKSV technologies. The company is backed by Ratan Tata.

    upstox Website
    upstox Website

    The charges of Upstox are similar to that of Zerodha. It is also a discount broker and is second in the market share of the stock market brokers in India. You can also choose Upstox as your stockbroker if you want to research on your own and then invest in individual stocks

    Currently, you can open a Demat and trading account with Upstox for free of cost with various other benefits.

    Groww

    Groww is a mobile application you can consider if you are a beginner in Stock Market Investing. The platform provides an interactive and simple user interface. The application offers various resources such as blogs and learning videos that are related to mutual funds to help you in stock market investing in case you are a beginner.

    Groww Website
    Groww Website

    Through the Groww application, you can easily invest in Index funds, Mutual funds, and various other stocks at a zero-commission rate. The platform provides an easy-to-use interface where you can track all your investments, total returns, and annual returns under one dashboard. You can also create an account easily with a one-step KYC process.

    You can even start investing in mutual funds or Index funds through a Systematic Investment Plan (SIP) at a very low price of INR 100. All your transactions through the platform will be secure as it uses 128-bit SSL encryption. The mobile application is available for both Android and IOS users.


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    Smallcase

    Smallcase is a mobile application that lets you invest in stock markets in a simple and easier way. If you are an individual who has no idea about stock market investing and has no time or interest to study about the stock market but wants to invest in it, then you can choose Smallcase for your stock market investments.

    Smallcase will have a set of baskets from which you can choose. For example, if you believe that in the next few years the Electric Vehicle Industry is going to flourish then you can find a basket of stocks which are related to the Electric Vehicle industry in Smallcase. The basket can include EV car parts manufacturing companies, EV battery manufacturing companies, EV companies and so on.

    smallcase Website
    smallcase Website

    This makes it easier for any individual to invest into stock markets. Through Smallcase you can invest in the form of a SIP. You will have to link this application with your Demat account and all your stocks will be available in your Demat account according to your selected
    basket.

    You can also edit the stocks in your basket and customize them according to your requirements. The fee is charged on a one-time basis that is INR 100 + GST is charged for all Smallcases that are for one basket of stocks.


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    Moneycontrol

    Moneycontrol is one of the most famous stock research websites in India. The website provides all the information regarding charts, trends, news, commodities, futures, options, IPO’s and many more.

    Their website is considered as a one-stop solution for tracking the share markets in India. You can get access to all the fundamental and technical data of a particular stock using this platform.

    Their mobile application is available to Android, IOS, and Windows users as well. They have a pro version for their platform which costs INR 199 per month, INR 499 per year, and INR 1999 for 3 years.

    FAQ

    How do I start investing in the stock market?

    To start investing in stock, Decide on how you want to invest in stocks, Know your goal for investment, Open an investing account i.e. demat and trading account, Set a budget for your stock investment, Learn about stock market basics.

    What is the best stock to invest in for beginners?

    The best stock to invest according to Nasdaq is Alibaba (BABA Stock Report), Alphabet (GOOGL Stock Report), Amazon (AMZN Stock Report), Apple (AAPL Stock Report), Disney (DIS Stock Report).

    Who is the richest stock trader?

    George Soros is considered as one of the richest active trader globally whose fortune is approximately 8.3 billion dollars.

    Conclusion

    You can use the above platforms for beginning your stock market investment journey. All the platform charges are reasonable compared to the other applications in the market. All the apps mentioned above can be used by a beginner-level stock market investor.