Nourish Poultry Feed, ACI, Kazi Farms, Provita Feed, Aftab Feed, New Hope Feed, and Aman Feed have now gained more than 70% of the market share. 'The industry has overcome the pandemic bump but will fall short of the growth target,' he added.Īccording to an IDLC report, seven feed makers rule the market. But the industry has now absorbed the losses, and sales have again increased,' Ahsanuzzaman, the feed industry representative said. 'Covid-19 has dealt the feed industry a terrible blow.
Though the industry is now recovering from the shock, it is facing a hike in raw material prices that is also causing a rise in the prices of farm products. The industry's annual growth was 12-15% until the pandemic hit that caused a decline in feed sales as farm demands took a dive. The poultry sector consumes 62.9% of feed, cattle 14% and fish 23%. The feed industry has witnessed a 161% jump in production over the last seven years. Of that, poultry feed production was 4.45 million tonnes, fish feed 1.59 million tonnes and cattle feed was 0.53 million tonnes. In that year, total commercial feed production reached 6.57 million tonnes.
