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The size of the Indian feed industry – currently at $15 billion – must double to $30 billion in the next five years to cater to growing protein requirements, a report published by Yes Bank says.
The ‘Indian Feed Industry – Revitalising Nutritional Security’ Knowledge Report was released at the Global Grain Food and Summit being held here today.
“The current size of the feed industry which is used in aqua, poultry and meat sectors is $15 billion,” Nitin Puri, President and Country head, Food and Agribusiness research management, Yes Bank said. With more people eating fish, meat and chicken to fulfil their protein needs, the growth of these industries will need the size of the animal feed industry to double over the next five years, he added.
In volume terms, at present, an estimated 22 million tonnes of total feed is required in the country, with cattle accounting for 7.5 million tonnes, and the rest by the poultry and fish breeding industries.
Puri said that policy measures also needed to be taken to improve milk productivity of cattle which stood at 5-10 litres against 15-20 litres globally.
Good feed was one of the ways of achieving this, he said, adding that intensified aquaculture was also being promoted in the country.
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