Cattle Industry
- Cattle feed industry, a major ingredient of animal feed industry is currently evolving from a fragmented industry into an organized sector. The feed manufactures are increasingly adopting modern and sophisticated methods in an effort to incorporate best global practices.
- The cattle population is expected to grow at compounded annual growth rate of 4 per cent.
- India is world’s largest milk producer about 198 MMT and its reported to be growing at 5% Y2Y. At the same farmers are changing to conventional feeding practice .
- Increasing dairy farming of high breed cow/buffalo will demand high quality compound feed. Moreover, higher return from meat production will encourage the farmers to use compound feed to grow the livestock faster. Therefore, we expect that cattle feed industry is to attract more investment in near future.
- As per our estimates, the annual cattle feed production in India is likely to reach 73 million tons by FY22.
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