India Animal Feed Protein Ingredients Market (2025-2031) Outlook | Trends, Forecast, Growth, Size, Share, Industry, Value, Companies, Analysis & Revenue

Market Forecast By Product (Oilseed Meals, Fishmeal, Animal By-product Meals), By Livestock (Poultry, Swine, Cattle, Aquaculture, Pet Food, Equine, Others) And Competitive Landscape
Product Code: ETC380004 Publication Date: Aug 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Animal Feed Protein Ingredients Market Import Shipment Trend (2020-2024)

The India animal feed protein ingredients market import shipments experienced a significant decline with a CAGR of -26.8% from 2020 to 2024. The growth rate between 2023 and 2024 showed a further decrease of -18.0%, indicating a continued downward trend. The market exhibited a substantial contraction, reflecting a consistent slowdown in import activities during the period.

Graph Showing India animal feed protein ingredients market Shipment Trend & Volume from 2020-2024

India Animal Feed Protein Ingredients Market Synopsis

India animal feed protein market is expected to grow significantly over the next few years due to rising demand from poultry farmers and other livestock owners. India is also witnessing an increased demand for higher quality, cost-efficient animal feed ingredients, such as soybean meal, fishmeal, corn gluten meal, rapeseed meal and cottonseed meal. Additionally, a wider range of plant-based proteins like canola meal and sunflower seed meal are becoming more popular among India livestock owners looking for affordable alternatives. Furthermore, the government of India has implemented several initiatives that promote the use of high-protein feeds in order to boost milk production and increase meat output from cattle farms across the country. These efforts have led to a growing interest in alternative sources of vegetable proteins such as peas and lupins which are increasingly being used in animal feed formulations throughout India.

Market Drivers of the market

The India animal feed protein ingredients market is witnessing significant growth due to several key drivers. Firstly, the rising demand for high-quality and nutritious animal feed to support the country`s expanding livestock and poultry industry is fueling the market growth. Additionally, the increasing awareness among farmers and animal breeders about the importance of incorporating protein-rich ingredients in animal diets to enhance productivity and improve animal health is boosting the market. Moreover, the growing focus on animal welfare and the need to provide balanced nutrition to livestock and poultry is driving the adoption of protein ingredients in animal feed formulations. Furthermore, the government`s initiatives and support for the development of the agriculture and livestock sectors are also contributing to the market`s positive growth trajectory.

Challenges of the Market

The India animal feed protein ingredients market has been witnessing significant growth in recent years. However, it also faces several challenges. One of the major challenges is the volatility in the prices of raw materials used in feed production, such as soybean meal and fishmeal. Fluctuations in prices can impact the overall cost of production for feed manufacturers and subsequently affect the pricing of animal feed products in the market.Additionally, the animal feed industry in India is highly regulated, and compliance with various government standards and regulations can pose challenges for manufacturers and suppliers. Ensuring the quality and safety of feed products is crucial, but it requires significant investments in testing and quality control measures.

Covid-19 Impact on the Market

The animal feed protein ingredients market in India plays a crucial role in the livestock and poultry industries. It includes various protein sources used in animal feed formulations, such as soybean meal, fishmeal, canola meal, and other plant and animal-derived proteins. The demand for protein-rich animal feed has been on the rise due to the increasing consumption of meat and dairy products in the country. Additionally, a growing awareness of the importance of balanced animal nutrition has further driven the market. However, factors like raw material availability, price fluctuations, and regulatory constraints can impact the growth of the market.

Key Players of the Market

Some of the key players in the market are Cargill India Pvt. Ltd., Adisseo India Animal Nutrition Pvt. Ltd., Godrej Agrovet Limited, The Archer Daniels Midland Company (ADM), Hi-Pro Animal Nutrition Pvt. Ltd., Alltech India Pvt. Ltd., Suguna Foods Pvt. Ltd., Venky`s India Ltd., Charoen Pokphand India Pvt. Ltd. (CP Group), and Amrit Feeds Limited.

Key Highlights of the Report:

  • India Animal Feed Protein Ingredients Market Outlook
  • Market Size of India Animal Feed Protein Ingredients Market, 2024
  • Forecast of India Animal Feed Protein Ingredients Market, 2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Revenues & Volume for the Period 2021-2031
  • India Animal Feed Protein Ingredients Market Trend Evolution
  • India Animal Feed Protein Ingredients Market Drivers and Challenges
  • India Animal Feed Protein Ingredients Price Trends
  • India Animal Feed Protein Ingredients Porter's Five Forces
  • India Animal Feed Protein Ingredients Industry Life Cycle
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Product for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Oilseed Meals for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Fishmeal for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Animal By-product Meals for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Livestock for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Poultry for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Swine for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Cattle for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Aquaculture for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Pet Food for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Equine for the Period 2021-2031
  • Historical Data and Forecast of India Animal Feed Protein Ingredients Market Revenues & Volume By Others for the Period 2021-2031
  • India Animal Feed Protein Ingredients Import Export Trade Statistics
  • Market Opportunity Assessment By Product
  • Market Opportunity Assessment By Livestock
  • India Animal Feed Protein Ingredients Top Companies Market Share
  • India Animal Feed Protein Ingredients Competitive Benchmarking By Technical and Operational Parameters
  • India Animal Feed Protein Ingredients Company Profiles
  • India Animal Feed Protein Ingredients Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Animal Feed Protein Ingredients Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Animal Feed Protein Ingredients Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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