India’s buffalo meat export estimated to reach USD6b

15.08.2016

India’s ICRA has estimated that India’s export of buffalo meat over the next five years would reach close to USD 6 billion at a CAGR of 8%. “In the long term, ICRA expects buffalo meat exports to continue to report healthy growth, driven by improving infrastructure, a sizeable buffalo population the relatively lower price of Indian buffalo meat, and steady demand in the international market,” said Sabyasachi Majumdar, Senior VP of the credit rating and research institution.

Indian buffalo meat exports have grown at a CAGR of 29% from USD 528 million in 2007-08 to USD 4 billion in 2015-16, accounting for approximately 20% of the world’s total buffalo meat exports (in volume terms) and becoming the largest volume exporter of buffalo meat, overtaking Brazil and Australia, ICRA said.


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