The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: India will remain an agricultural powerhouse over our forecast period and should be able to
maintain high levels of self-sufficiency for major food crops. Production growth of various commodities will
be driven by strong government support and robust demand growth for manufactured foodstuffs. We see
significant growth opportunities in sub-sectors such as dairy, coffee and livestock. However, India will be
increasingly vulnerable to exceptional weather phenomena and serious water shortages. Moreover, the
country will remain prone to erratic government interventions, which seriously hamper its reputation as an
? Sugar production growth to 2019/20: 3.7% to 30.1mn tonnes. Inefficiencies in the pricing policy will
constrain growth. Output expansion will mainly come from the liberalisation of the market, of which the
first signs can be observed.
? Palm oil consumption growth to 2020: 31.8% to 11.9mn tonnes. Domestic palm oil consumption will
be propelled by strong demand for domestic food use, which makes up about 80% of total domestic palm
? Beef & veal production to 2019/20: 23.5% to 5.1mn tonnes. Growth will be driven by improvements
in breeding techniques, and by the robust expansion of the milk sector. Export demand for Indian beef
will also support investment in the sector.
? Agribusiness market value: USD256.7bn in 2016 (up from USD244.9bn in 2015; forecast to grow
annually by 6.0% on average from 2016 to 2020).
? 2016 real GDP growth: 7.2% (down from 7.6% in 2015; predicted to average 6.8% from 2016 to 2020).
? 2016 consumer price inflation: 4.8% y-o-y ave (down from 5.1% in 2015; forecast to average 4.4%
from 2016 to 2020).