Indian animal feed market strikes all-time high business.
The Indian animal feed market was worth INR 400.5 Billion in 2018. The market is further projected to reach INR 898.5 Billion by 2024, growing at a CAGR of 14.3% during 2019-2024. India currently represents one of the fastest growing animal feed markets in the world. The increasing demand for animal protein and dairy products has resulted in a growing livestock population in India, which in turn has increased the demand for animal feed. Currently the poultry, aqua, and dairy industry account for the major share of the Indian animal feed industry. Modern animal feed products are manufactured by carefully selecting and blending ingredients to impart highly nutritional diets that both increases the quality of its end products such as meat, milk, eggs and at the same time maintain the health of the animal. Indian Animal Feed Market: Drivers The population in India is expected to increase continuously in the medium and long terms. This will create a strong demand for eggs,...