India’s $15 billion feed industry must double to $30 billion in the next five years to keep up with growing protein requirements, according to a report by Yes Bank.
In volume terms, an estimated 22 million tons of feed is currently required in India, with cattle accounting for 7.5 million tons, poultry accounting for 14 million tons, and aquaculture accounting for the rest.
Nitin Puri, president and country head, food and agribusiness research management at YES Bank, said policy measures need to be taken to improve milk productivity of cattle. India’s milk production is 5-10 liters, compared with 15-20 liters globally.
Puri said improvements in feed quality is one way to increase milk production. He also said the aquaculture industry is being promoted in the country.