Key Markets for Indian Buffalo Meat

tendata blogMarket Insights

ten data blog22-12-2023

Middle East and Asia are the primary regions consuming Indian buffalo meat, known for its chewy texture and cost-effectiveness compared to beef. The increase in wealth has elevated the demand for animal protein in these regions. According to the national meat export policy, bone-in beef is prohibited for export from India, and meat with bones cannot be shipped out. Only boneless meat, such as buffalo, goat, and sheep meat, is allowed for export.

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Indian Beef Export Report

Following Pakistan, Mexico, and Vietnam, India stands as the world's fourth-largest beef exporter in 2023, with buffalo meat leading the exports and an annual average growth rate of 9.62%. In the 21st century, 71% of Indians are non-vegetarians.

In 2023, the top three buffalo meat-exporting countries globally are India, Pakistan, and Vietnam. The total global buffalo meat exports in 2023 amount to $6.326 billion, with India holding a significant share of 98.17%. For HS code 02023000, representing buffalo meat, India's export data constitutes 53.11%.

India exports buffalo meat to over 122 countries worldwide. As of December 2023, Portugal emerges as the largest market for Indian buffalo meat business, with exports totaling $1.015 billion, accounting for 22.29% of India's buffalo meat exports. India exports various meat types, including boneless meat and carcasses, to this country. Malaysia secures the second position, importing buffalo meat from India valued at approximately $679 million, contributing to 14.91%. Vietnam stands as the third-largest destination for Indian buffalo meat exports, holding a share of 12.40%.

In 2023, the leading buffalo meat exporter from India is UNITED GUTS EXPORTERS. A supply chain analysis reveals that the company engages with eight stable buyers, but its trade volume decreased by 66.65% compared to the previous year. The second-ranking exporter is the well-established Indian buffalo meat exporter, ALLANASONS PRIVATE LIMITED. According to the supply chain analysis, it had 1561 customers in 2023, reaching 104 countries or regions globally. The major buyers are distributed in Russia, Southeast Asia, and the Middle East.

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If you require further market analysis of buffalo meat exporters, we can assist you by providing a detailed report on Indian buffalo meat exports, facilitating the rapid development of your business.

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