In 2023, the import of flours, meals, and pellets of meat or meat offal, of fish for animal feed to India was recorded at approximately 25.85 million US dollars. The forecasted figures indicate a steady year-on-year increase from 2024 through 2028. Specifically, the year-on-year growth rates are expected to stabilize between 2.9% and 3.1%. The compound annual growth rate (CAGR) over this forecasted period is projected to maintain consistent growth.
Future trends to watch for include potential shifts in demand driven by changes in livestock population or consumption habits, global trade dynamics impacting prices, and regulatory changes affecting importers involved in animal feed production.
