In the current scenario, India is the largest producer of milk and buffalo meat, 2nd largest producer of Goat meat and Egg.
India ranks number 1st in cattle & buffalo population, 3rd in sheep population, 6th in duck population, and 8th in chicken population.
Livestock Sector grew at a CAGR of 11.2% during 2015-16 to 2020-21 (at constant prices). It contributed 6.17% of total GVA in 2020-21.
The overall Animal Feed market of India was valued at $ 35.8 Bn in 2021 and has a share 17.6% in Asia-Pacific region
Exports of Meat, dairy & poultry products increased by 11.4% in FY22 and was valued at $3.9 Bn.
Poultry
The value of output for the Indian poultry egg sector is
nbsp;5.9 bn in 2020-21 with an impressive CAGR of 12.35% for previous 5 years. India produced 122.04 billion poultry eggs in 2020-21. In 2020-21, India produced 7% more poultry eggs than the previous year. The top 5 Egg producing states are – Andhra Pradesh (21.9 Bn), Tamil Nadu (20.02 Bn), Telangana (14.8 Bn), West Bengal (9.7 Bn) and Karnataka (6.6 Bn).
Meat
The top 5 meat-producing states are Maharashtra (12.6%), Uttar Pradesh (11.8%),West Bengal (11.3%), Andhra Pradesh (10.8%), Telangana (10.5%) - contributing 57% of the total meat production in the country. India ranks 8th in meat production in the world. India produced 8.79 Million metric tonnes of bovine meat in 2020-21.
Animal Feed
The Indian animal feed market grew at 3.5% CAGr over last 5 years. Whereas, compound cattle feed has a market potential of $400 - 650 mn with 16% growth over the next 5 years with major growth drivers being low organic feed market, penetration, increasing formal offtake, etc.
Breed Improvement
The Indian animal healthcare industry accounts for 2.5% of global animal healthcare industry and is expected to grow @6% CAGR. Animal Vaccines comprise 17% ($170 mn) of the overall Animal Healthcare industry in India, which stands at $ 950 mn.