Market Forecast By Types (Nutritional, Technological, Zootechnical, and Sensory), By Feed Form (Liquid and Dry), By Animal Type (Poultry, Ruminants, Aquaculture, Swine, and Others) and Competitive Landscape
|Product Code: ETC000924||Publication Date: Aug 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
India Feed Additives Market registered a decline of -9.68% in value shipments in 2022 as compared to 2021 and an increase of 5.91% CAGR in 2022 over a period of 2017. In Feed Additives Market India is becoming less competitive as HHI index in 2022 was 1260 while in 2017 it was 1022. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Feed Additives Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Feed Additives Market in 2022 was 1.53 while in 2017 it was 1.49. Sri Lanka, China, Thailand, Singapore and USA were among the top players of the market in 2022, where Sri Lanka acquired the largest market share of 26.51% with a shipment value of 113.3 million USD in 2022 Sri Lanka also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Feed Additives Market. In 2017 Sri Lanka had the largest market share of 17.74% with the shipment value of 59.48 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Sri Lanka offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Feed Additives Market in 2017.
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 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.
India feed additives market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1 Report Description|
|2.2 Key Highlights of The Report|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3. India Feed Additives Market Overview|
|3.1 India Country Indicators|
|3.2 India Feed Additives Market Revenues|
|3.3 India Feed Additives Market Revenue Share, By Types, 2018 & 2025F|
|3.4 India Feed Additives Market Revenue Share, By Feed Form, 2018 & 2025F|
|3.5 India Feed Additives Market Revenue Share, By Animal Type, 2018 & 2025F|
|3.6 India Feed Additives Market - Porter’s Five Forces|
|3.7 India Feed Additives Market - Industry Life Cycle|
|4. India Feed Additives Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5. India Feed Additives Market Trends|
|6. India Feed Additives Market Overview, By Types|
|6.1 India Nutritional Feed Additives Market Revenues, 2015-2025F|
|6.2 India Technological Feed Additives Market Revenues, 2015-2025F|
|6.3 India Zootechnical Feed Additives Market Revenues, 2015-2025F|
|6.4 India Sensory Feed Additives Market Revenues, 2015-2025F|
|7. India Feed Additives Market Overview, By Feed Form|
|7.1 India Dry Feed Additives Market Revenues, 2015-2025F|
|7.2 India Liquid Feed Additives Market Revenues, 2015-2025F|
|8. India Feed Additives Market Overview, By Animal Type|
|8.1 India Poultry Feed Additives Market Revenues, 2015-2025F|
|8.2 India Ruminants Feed Additives Market Revenues, 2015-2025F|
|8.4 India Aquaculture Feed Additives Market Revenues, 2015-2025F|
|8.4 India Swine Feed Additives Market Revenues, 2015-2025F|
|8.5 India Other Animals Feed Additives Market Revenues, 2015-2025F|
|9. India Feed Additives Market Key Performance Indicators|
|10. India Feed Additives Market Opportunity Assessment|
|10.1 India Feed Additives Market Opportunity Assessment, By Types, 2025F|
|10.2 India Feed Additives Market Opportunity Assessment, By Animal Type, 2025F|
|11. India Feed Additives Market Competitive Landscape|
|11.1 Competitive Benchmarking, By-Products|
|11.2 India Feed Additives Market Revenue Share, By Company, 2018|
|12. Company Profiles|
|12.1 Cargill, Inc.|
|12.2 Kemin Industries South Asia Pvt Ltd.|
|12.3 Alltech, Inc.|
|12.4 Vetbiochem India Private Ltd|
|12.5 BASF India Ltd|
|13. Strategic Recommendations|