India Animal Feed Market is projected to grow at CAGR of 2.48% by forecasted year

Mary Joseph13 Jun, 2022Other

According to the report ?India Animal Feed Market Outlook, 2026-27?, published by Actual Market Research, the market is anticipated to grow at a CAGR of 2.48%. Indian dairy milk production and consumption is highest among the world countries. As a result of which Cattle feed is the predominant livestock segment with cereals as main feed ingredient. Cereals derived from plants as an ingredient are expected to be continuing their dominance over the forecast period as well. Rising meat demands are fostering the pig feed market during the forecast period. The market is very lucrative with many domestic players, some multinationals and new entrants. Only 4% of India?s total cropping land is used as fodder crops, which will further bolster the animal feed market growth. Animal feed is important for ultimate output to be of good quality like eggs, milk, meat and fish.

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