Based on the forecast data, India's import of animal feed is projected to increase from $594.58 million in 2024 to $685.79 million in 2028. Having stood at $570 million in 2023, the imports are expected to demonstrate a steady year-on-year growth reaching an average compound annual growth rate (CAGR) of approximately 3.6% over the five-year period.

Future trends to watch for:

Rising demand driven by an increase in livestock production and consumption of animal-based products in India.
Potential volatility in prices due to fluctuating raw material costs and global supply chain disruptions.
Impact of government policies promoting domestic feedstock production and import tariffs.