The import of meals, flour, and pellets of seafood for animal feed to India was roughly stable before 2024, following its last recorded amount in 2023. From 2024 to 2028, a steady increase is forecasted, with an average annual growth rate of approximately 1.8%. The year-on-year increment is consistent, gradually climbing from 2024 to 2028, with anticipated growth rates hovering around 2%. Such a progressive uptick indicates a strengthening demand or necessity for seafood-based animal feed over this five-year span.
Future trends to watch for include:
- Potential policy changes impacting seafood import regulations.
- Shifts in domestic production capabilities influencing imports.
- Global seafood market fluctuations affecting costs and availability.
- Environmental sustainability practices affecting import choices.
