Indian feed industry is about 50 years old and it primarily consists of cattle feed and poultry feed segments. Cattle feed industry in India is gradually evolving into an organized sector and the feed manufactures are increasingly using modern and sophisticated methods that seek to incorporate best global practices. Indian cattle feed industry has got high growth potential, given the country’s top position among the world nations in respect of livestock population and also the high expected growth rate. Compounded Cattle Feed (CCF) products, particularly the branded ones are fast gaining popularity India, including in rural areas.
The major raw materials required for the preparation of cattle and poultry feed includes Maize, Groundnuts Spilt, Rapeseed, De-oiled CS Cake, De-oiled Rice Bran, Polished Rice Fine, Pre-Mix and Molasses.
Animal feed includes various raw, processed and semi-processed products that are fed to livestock. Growth of animal population has a direct and positive impact on animal feed consumption. The Indian animal feed market reached a value of INR 450 Billion in 2019 growing at a CAGR of 14%, Poultry, cattle and aqua feed sectors emerging as major growth drivers.
India currently produces 38 million MT of animal feed contributing to 3.8% of the global feed market. India has emerged as one of the largest and fastest growing compound feed markets in the world.
IT SHOULD BE NOTED THAT THE ABOVE MENTIONED FIGURES AND INFORMATION IS TENTATIVE. AS CATTLE FEED AND POULTRY FEED CONSULTANTS, WE RECOMMEND TECHNO- ECONOMIC FEASIBILITY REPORT TO UNDERSTAND EXACT DETAILS TO THE ABOVE MENTIONED INFORMATION