| Product Code: ETC4597225 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India feed palatability enhancers & modifiers market import shipments demonstrated robust growth with a CAGR of 16.4% from 2020-2024. The momentum continued into the following year with a growth rate of 9.5%. The market expanded significantly, showing a strong upward trend throughout the period.
The feed palatability enhancers and modifiers market in India is witnessing significant development as livestock and poultry farming becomes increasingly commercialized. These additives are essential for improving the taste and aroma of animal feed, encouraging better consumption and, in turn, enhancing animal performance. The growing demand for high-quality meat and dairy products is driving the adoption of these enhancers among farmers and feed manufacturers, boosting the market.
The India feed palatability enhancers and modifiers market is witnessing notable growth, primarily driven by the need to improve animal feed acceptance and consumption. As the demand for animal products, such as meat and dairy, continues to rise, there is a growing focus on enhancing the palatability of animal feed to ensure that animals consume the required nutrients. Palatability enhancers and modifiers play a crucial role in making feed more attractive to animals, which, in turn, leads to improved feed consumption and, ultimately, higher productivity. Additionally, the modernization and commercialization of animal farming in India have created a need for feed solutions that can enhance the taste and acceptance of feed, ensuring that animals receive adequate nutrition. Furthermore, the increasing awareness of the importance of animal health and welfare has prompted farmers and feed manufacturers to seek ways to improve the palatability of animal feed, thereby promoting higher consumption and better overall well-being of the animals.
The India feed palatability enhancers and modifiers market faces challenges in improving animal acceptance of feed formulations. One of the key issues is the development of palatability enhancers that are both effective and cost-efficient. Meeting consumer demands for natural and sustainable ingredients in feed modifiers presents a continuous challenge, as it often requires investment in research and development. Moreover, ensuring consistency in feed flavor and aroma to entice animals to consume the feed is another hurdle, given the variability in natural ingredients and the evolving preferences of livestock.
The India Feed Palatability Enhancers and Modifiers market, like many other sectors, faced challenges during the COVID-19 pandemic. With restrictions on movement and lockdowns in place, the supply chain disruptions impacted the availability and distribution of these enhancers and modifiers. Additionally, the closure of restaurants and hospitality sectors, which were significant consumers of animal products, affected the demand for feed additives. Despite these initial setbacks, the market demonstrated resilience as the agriculture and livestock sectors adapted to the new normal. The increasing need for high-quality feed ingredients and growing awareness about the importance of animal nutrition have since driven a gradual recovery.
In the India feed palatability enhancers and modifiers market, significant players include AFB International, Pancosma (a subsidiary of ADM), and Norel. These companies specialize in enhancing the taste and appeal of animal feed to encourage consumption.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Feed Palatability Enhancers & Modifiers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, 2021 & 2031F |
3.3 India Feed Palatability Enhancers & Modifiers Market - Industry Life Cycle |
3.4 India Feed Palatability Enhancers & Modifiers Market - Porter's Five Forces |
3.5 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
4 India Feed Palatability Enhancers & Modifiers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-quality animal feed to improve livestock productivity |
4.2.2 Growing awareness among farmers about the benefits of feed palatability enhancers |
4.2.3 Rising disposable income leading to higher spending on animal nutrition products |
4.3 Market Restraints |
4.3.1 Stringent regulations and approval processes for feed additives in India |
4.3.2 Fluctuating prices of raw materials used in feed palatability enhancers |
4.3.3 Limited availability of advanced technology for manufacturing feed modifiers |
5 India Feed Palatability Enhancers & Modifiers Market Trends |
6 India Feed Palatability Enhancers & Modifiers Market, By Types |
6.1 India Feed Palatability Enhancers & Modifiers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Natural , 2021-2031F |
6.1.4 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 India Feed Palatability Enhancers & Modifiers Market, By Livestock |
6.2.1 Overview and Analysis |
6.2.2 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Swine, 2021-2031F |
6.2.3 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Poultry, 2021-2031F |
6.2.4 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Cattle, 2021-2031F |
6.2.5 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Pets, 2021-2031F |
6.2.6 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Aquaculture, 2021-2031F |
6.2.7 India Feed Palatability Enhancers & Modifiers Market Revenues & Volume, By Others, 2021-2031F |
7 India Feed Palatability Enhancers & Modifiers Market Import-Export Trade Statistics |
7.1 India Feed Palatability Enhancers & Modifiers Market Export to Major Countries |
7.2 India Feed Palatability Enhancers & Modifiers Market Imports from Major Countries |
8 India Feed Palatability Enhancers & Modifiers Market Key Performance Indicators |
8.1 Adoption rate of feed palatability enhancers among livestock farmers |
8.2 Growth in the number of research studies supporting the efficacy of feed modifiers |
8.3 Percentage increase in partnerships between feed additive manufacturers and livestock feed producers |
9 India Feed Palatability Enhancers & Modifiers Market - Opportunity Assessment |
9.1 India Feed Palatability Enhancers & Modifiers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Feed Palatability Enhancers & Modifiers Market Opportunity Assessment, By Livestock, 2021 & 2031F |
10 India Feed Palatability Enhancers & Modifiers Market - Competitive Landscape |
10.1 India Feed Palatability Enhancers & Modifiers Market Revenue Share, By Companies, 2024 |
10.2 India Feed Palatability Enhancers & Modifiers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |