Project Report For
The project report for Cattle Feed Plant or Animal Feed Plant is as follows.
The Indian cattle feed market amounted to INR 400.5 billion in 2018. The market is even farther expected to cross INR 898.5 billion by 2024, with CAGR growth of 14.3 per cent between 2019 and 2024.
India is already one of the leading animal feed markets in the globe. Greater consumption for animal protein and dairy products have resulted in a rise in the livestock population, which then in return also boosted consumption of animal feed.
The poultry, aqua and dairy industries presently contribute to a significant proportion of the Indian feed industry.
Current animal feed items are developed by selectively choosing and mixing the right ingredients to provide highly nutritious foods that both enhance the quality of their end products, like meat , milk , eggs while at the same time preserve the health of the animal.
Market potential & Strategy
The population in India is forecasted to rise steadily in the medium and long term. This would generate a high demand for eggs, poultry, milk, etc. and, in turn, increase the requirement for animal feed.
The Indian Government, together with private initiatives, is growing knowledge between farmers of improved feeding methods. Farmers are becoming more conscious of animal welfare and the value of healthy and nutritious food for their livestock.
Other than domestic consumption, Indian exports of livestock feed are now on the rise and also will reflect a significant factor of growth in the next 5 years.
Changes in lifestyle and increasing per capita incomes in India has led to a change in eating habits in the region. It has led to higher consumption of milk and meat, contributing to an rise in the demand for animal feed.
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