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.