India Feed Additives Market (2019-2025) | Size, Analysis, Forecast, Trends, Growth, Revenue, Value, industry & Outlook

Latest 2023 Developments of the India Feed Additives Market

The India Feed Additives Market has become a crucial market in the country and one of the most promising developments in the sector is the rising demand for natural feed additives, that are derived from organic sources such as spices and herbs. Such additives provide healthier options to traditional synthetic ones since they do not include harmful antibiotics and chemicals. Another trend in the market is the rising popularity of aquafeed additives, commonly in coastal regions of the country such as Tamil Nadu and Kerala that have growing seafood sectors. Aquafeed additives support improving immunity as well as growth rates in fish and shrimp by offering important nutrients like vitamins, and amino acids. Furthermore, companies in the country are investing in R&D activities in order to come up with the best solutions that can effectively meet the requirements of different animal species. This is driving the India Feed Additives Market Share. There is also a rise in awareness among farmers regarding the significance of using feed additives that are sustainable as they help promote environmental stewardship. This led to a growth in demand for co-friendly options like plant-based enzymes which decrease greenhouse gas emissions. 

India feed additives market Synopsis

India feed additives market has been witnessing robust growth in recent years due to the installation of new feed mills and the adoption of new technologies. The demand for good quality meat is expected to grow further at a significant rate in India which would lead to an increase in the market size of feed additives over the coming years. Additionally, expansion in the livestock population, as well as the surge in incidences of animal diseases, would accelerate India feed additives market growth during the forecast period.

According to 6Wresearch, India Feed Additives Market size is projected to grow at a CAGR of 8.1% during 2019-25. The feed additives market in India has registered compelling growth in the past decade as the country is trying to become more self-reliant and sustainable in the feed industry, owing to an increase in the outbreak of diseases. Moreover, the imminent growth of India feed additives market share would be driven by factors such as industrialization of the livestock industry, low feed conversion ratio, regressing gut health, and ecological impact of the meat and dairy industry.

By animal type, the India feed additives market is segmented into poultry, cattle, swine, aquaculture, and others. The poultry segment acquired the largest market share in overall India Feed Additives Market Revenue due to consumer preferences. Moreover, ruminants acquired the second largest market share despite the countrywide ban on the beef industry as the dairy industry accounts for most of the feed market revenue. Some of the major players in the India feed additives market include Cargill Inc., Alltech Inc., Archer Daniels Midland Company, Vetbiochem India Private Ltd., and BASF India Ltd.

India feed additives market report thoroughly covers the market by feed type, feed form, and animal type. India feed additives market outlook report provides an unbiased and detailed analysis of ongoing India feed additives market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics. 

India feed additive market is going to show high growth rates in the upcoming years. India Feed additives market is a sign of the increase in the lifestyle of the population for meat consumption as the main source of protein. A feed additive is used to boost the quality and properties of the animal. The India Feed Additives Market based on classified into Amino Acids, Vitamins, Prebiotics; feed pigments, Acidifiers, and Sweeteners. The feed additives are classified into subgroups based on livestock.

Key Highlights of the Report

• India Feed Additives Market Overview
• India Feed Additives Market Share
• India Feed Additives Market Trends
• India Feed Additives Market Forecast
• Historical Data of India Feed Additives Market Revenues for the Period 2015-2018
• India Feed Additives Market Size & India Feed Additives Market Forecast until 2025
• Historical Data of India Feed Additives Market Revenues, By Types, for the Period 2015-2018
• Market Size & Market Forecast of India Feed Additives Market Revenues, By Types, until 2025
• Historical Data of India Feed Additives Market Revenues, by Feed Form, for the Period 2015-2018
• Market Size & Forecast of India Feed Additives Market Revenues, by Feed Form, until 2025
• Historical Data of India Feed Additives Market Revenues, by Animal Type, for the Period 2015-2018
• Market Size & Forecast of India Feed Additives Market Revenues, by Animal Type, until 2025
• India Feed Additives Market Outlook
• Market Drivers and Restraints
• Market Trends
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Market Player’s Revenue Shares
• India Feed Additives Market Overview on Competitive Benchmarking
• India Feed Additives Market Share, by Companies
• Company Profiles
• Key Strategic Recommendations

Markets Covered

India feed additives market report provides a detailed analysis of the following market segments:

By Types

• Nutritional
• Technological
• Zootechnical
• Sensory

By Feed Form

• Liquid
• Dry

By Animal Type

• Poultry
• Ruminants
• Aquaculture
• Swine
• Others

India Feed Additives Market: FAQs