Surge in consumption of meat products owing to rising consumer per capita income along with shift in consumer food behavior towards protein rich diet should further strengthen industry growth.
Friday, 17 July The report said that while the potential feed requirement is huge and stands around at around 96mn tonnes, production during was only The feed industry requirements that are met with the compound feed are only 11 per cent, 14 per cent for aqua feed and 55 per cent for poultry feed.
Demand for feed from the broiler sector will grow at a rate of eight per cent, feed for layers will grow by five to six per cent, cattle feed will grow by six per cent and aqua feed will record the highest growth of nine per cent in the next five years, according to the report.
Currently, the poultry sector, which includes broiler and layers, consumes Cattle feed consumption, currently at 7. Nitin Puri, national head of food and agribusiness research management at Yes Bank and lead author of the report, said that there is huge scope for the growth in the sector with the industry becoming more organised.
With the projected growth rate, India will become the largest feed market in the coming years. With multinational companies eyeing the lucrative Indian markets, the animal feed companies in the South Asian nation will have to increase their capacities while keeping in mind quality issues to leverage on the growing demand for compound feed, the report said.Broiler feed is still the largest segment, but aqua feed has experienced the strongest growth.
Indian feed industry growing on back of animal Protein & Dairy consumption growth: Rabobank IIFL. India’s animal feed market has been growing at a CAGR of eight per cent, according to a report which predicts that it will develop into a US$30bn industry by Increasing organisation in the domestic feeds industry creates huge scope for growth, said the report.
Market analysis for the India Feed Additives Market, with region specific assessments and competition analysis on global and regional scales. Market definition along with the identification of key drivers and restraints. Lack of adequate intellectual property guidelines, heavy market segmentation act as constraints to the growth of market.
Various government policies and schemes coupled with liberalization and entry and expansion of several foreign companies has made India an attractive market for various feed additives.
Market Research on India Animal Feed (Poultry, Cattle & Aquaculture) Market Outlook having pages and priced at USD 1, launched by lausannecongress2018.com India Animal Feed (Poultry, Cattle & Aquaculture) Market Outlook | Market Research Reports® Inc.
The global feed industry Animal feeds play a leading role in the global food industry, enabling economic production of animal proteins throughout the world.
Feed is the largest and most important component to ensuring safe, abundant and affordable animal proteins.