India Animal Feed Market (2024-2030) | Value, Share, Industry, Size, Outlook, Growth, Forecast, Companies, Analysis, Revenue & Trends

Topics Covered in the India Animal Feed Market

India Animal Feed Market report thoroughly covers the market by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing 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 Animal Feed Market Synopsis

India Animal Feed Market is a critical aspect of the economy and growth in the agriculture sector in India. It is a key determiner of livestock health, meat and dairy production, and overall animal nutrition. India has one of the world's largest populations of cattle, buffaloes, sheep, and goats, which makes the animal feed market in India highly promising. The market has experienced significant growth over the last few years. The growth is attributed to the increasing demand for meat and dairy, urbanization, and government initiatives towards the animal husbandry sector.

According to 6Wresearch, the India Animal Feed Market Size is projected to grow at a CAGR of 8% during the forecast period of 2024-2030. The animal feed market's key drivers include the rising demand for meat and dairy products, an increase in the population of livestock, and the growing awareness regarding animal nutrition. India is the second-largest producer of milk globally, which drives the demand for animal feed and feed additives. The rise in population, urbanization, and increasing purchasing power among consumers has led to an increase in meat consumption, which has strengthened the growth of the animal feed industry. The India animal feed market has its share of challenges, such as low-quality raw materials, lack of availability of the right kind of feed technology and equipment, and an unorganized sector. Apart from this, the lack of access to finance and the shortage of skilled labor have limited the growth of the market. The India animal feed market is continuously evolving with new trends emerging. The feed industry has shifted from conventional methods to modern, high-tech manufacturing facilities and processes to meet the increasing demand. The focus has also shifted to providing customized solutions, and the demand for organic and natural feed has been on the rise. Feed manufacturers are also adopting new technologies such as steaming, pelleting, and extrusion to improve feed quality and enhance nutrition value. Despite the challenges facing the animal feed market in India, the sector offers a plethora of opportunities. The government's initiatives, such as the National Livestock Mission and various animal husbandry schemes, have increased the focus on animal nutrition and health, benefiting the animal feed sector. The increasing demand for meat and dairy products, rising income levels, and the growth of exports have also created opportunities for feed manufacturers.

Government policies and schemes introduced in the India Animal Feed Market

The government encouraged the production of compound feed in India, which is the mixing of multiple ingredients and formulations. The establishment of the Compound Livestock feed Plant Scheme (CLF) in 1978 aimed to enhance the availability of compound feed within the livestock industry. The scheme ensures that feed production meets the demands of industries by providing them with the necessary technical assistance, finance, and machinery. Secondly, the National Livestock Mission (NLM) established in 2014 aims to develop and encourage the livestock sector's growth, including livestock feed production. The NLM provides financial assistance to farmers desiring to set up their feed processing plants. It also synchronizes awareness campaigns on animal nutrition while emphasizing nutrition-focussed research and development of new animal feed products. The Government implemented the Scheme of Restructuring of Department of Animal Husbandry Dairying and Fisheries (DADF) to promote the development of Animal Husbandry, Dairying, and Fisheries sectors by providing a comprehensive extension and veterinary services essential for livestock production. This scheme provides opportunities for foreign investors and technology transfers from developed countries in the animal husbandry and feed sectors.

Leading players in the India Animal Feed Market

Leading players in the India Animal Feed Industry include the National Dairy Development Board (NDDB), Godrej Agrovet, Cargill India, and Amul, among others. These companies provide innovative, high-quality feed to farmers and livestock owners. The companies have adopted modern practices in the feed industry, such as quality control laboratories, research facilities, and high-tech processing plants. These companies have led to the distribution of raw materials and the establishment of feed processing plants throughout the country.

Market Analysis by Species

According to Nitesh Kumar, Research Manager, 6Wresearch, the poultry segment dominates the animal feed market in India. With growth in population and a rising demand for animal products such as eggs and meat, poultry farming has become popular in India. It is predicted that the Indian poultry industry will grow in the coming years as the demand for animal products increases. The increase in demand for Poultry products will lead to an increase in demand for poultry feed, which will subsequently boost the India Animal Feed Market Growth.

Market Analysis by Type

By Type, the vitamin segment dominates India animal feed market share, followed by probiotics. The vitamin supplements are necessary to improve the animal's health and ensure the proper growth of cells, bones, and nervous systems. It is also vital for the development of extremities, digestive tract, and reproductive organs.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Animal Feed Market Outlook
• Market Size of India Animal Feed Market, 2023
• Forecast of India Animal Feed Market, 2030
• Historical Data and Forecast of India Animal Feed Revenues & Volume for the Period 2020 - 2030
• India Animal Feed Market Trend Evolution
• India Animal Feed Market Drivers and Challenges
• India Animal Feed Price Trends
• India Animal Feed Porter's Five Forces
• India Animal Feed Industry Life Cycle
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Form for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Pellets for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Crumbles for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Mash for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Species for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Poultry for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Ruminants for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Aqua for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Swine for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Acidifiers for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Probiotics for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Enzyme for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Antioxidants for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Antibiotics for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Vitamins for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Minerals for the Period 2020 - 2030
• Historical Data and Forecast of India Animal Feed Market Revenues & Volume By Others for the Period 2020 - 2030
• India Animal Feed Import Export Trade Statistics
• Market Opportunity Assessment By Form
• Market Opportunity Assessment By Species
• Market Opportunity Assessment By Type
• India Animal Feed Top Companies Market Share
• India Animal Feed Competitive Benchmarking By Technical and Operational Parameters
• India Animal Feed Company Profiles
• India Animal Feed Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Form

• Pellets
• Crumbles
• Mash
• Others

By Species

• Poultry
• Ruminants
• Aqua
• Swine
• Others

By Type

• Acidifiers
• Probiotics
• Enzyme
• Antioxidants
• Antibiotics
• Vitamins
• Minerals
• Others

Frequently Asked Questions About the Market Study (FAQs):