Forecast: Import of Residues, Wastes of Food Industry and Animal Fodder to India

The import of residues, wastes of the food industry, and animal fodder to India is forecasted to grow from $798.88 million in 2024 to $920.5 million in 2028, reflecting a consistent upward trend. As of 2023, the industry's value stood at approximately $765 million. The forecast indicates a gradual increase in year-on-year value, with 2025 seeing a 3.92% rise, continuing to see similar annual growth through 2028. Over the five-year period, the compound annual growth rate (CAGR) is estimated at around 3.5%, suggesting steady expansion in this sector.

Future trends to watch for include:

  • The impact of agricultural policy shifts in India on import reliance.
  • Potential advancements in sustainable waste management technologies that may alter import needs.
  • Global economic conditions affecting trade relationships and pricing.
  • Changes in domestic demand for animal fodder linked to livestock industry trends.

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