Key regions: United Kingdom, Germany, United States, Spain, Italy
The Other Livestock Products market in India has been experiencing significant growth in recent years.
Customer preferences: Indian consumers are increasingly seeking out alternative sources of protein, such as dairy and meat products. This has led to a rise in demand for Other Livestock Products, which include items such as honey, wool, and silk. Additionally, there has been a growing interest in organic and sustainable products, which has further boosted the market for Other Livestock Products.
Trends in the market: One of the key trends in the Other Livestock Products market in India is the increasing focus on quality. Consumers are willing to pay a premium for products that are organic, ethically sourced, and of a high quality. As a result, many producers are investing in improving the quality of their products and marketing them as premium offerings.Another trend is the rise of e-commerce in the market. Online platforms have made it easier for consumers to access a wider range of products, including those that may not be available in their local markets. This has helped to increase the reach of producers and has made it easier for them to connect with consumers.
Local special circumstances: India is home to a diverse range of livestock, including cattle, goats, and sheep. This has led to a wide variety of Other Livestock Products being available in the market, including items such as yak wool and camel milk. Additionally, India has a rich tradition of handicrafts, which has helped to drive demand for products such as silk and wool.
Underlying macroeconomic factors: India's growing middle class and rising disposable incomes have helped to fuel demand for Other Livestock Products. Additionally, the government has been promoting the development of the livestock sector as part of its efforts to boost rural development and reduce poverty. This has led to increased investment in the sector, which has helped to drive growth.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
