| Product Code: ETC4596925 | 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 specialty feed additives market import shipments depicted a robust growth trend with a notable CAGR from 2020 to 2024. Although the growth rate between 2023 and 2024 slightly slowed down, the overall momentum remained strong, indicating a steadily expanding market during the period.
Specialty feed additives encompass a wide range of products aimed at enhancing animal health, performance, and overall well-being. In India, the specialty feed additives market is experiencing growth as livestock and poultry farmers seek innovative solutions to address specific challenges and meet the evolving demands of the industry. This market is expected to continue to expand as farmers and producers adopt advanced, specialized additives to optimize their animal nutrition programs.
The India specialty feed additives market is experiencing robust growth, primarily driven by the evolving needs of the animal farming industry. As the India population continues to grow, so does the demand for high-quality animal products, such as meat and dairy. To meet these demands, there is a need for specialized feed additives that can enhance animal growth, health, and product quality. Additionally, the increasing focus on animal welfare and ethical farming practices has created a demand for specialty feed additives that improve the well-being of animals. The rising consumer awareness of food safety and quality has also led to the adoption of additives that can ensure the safety and nutritional value of animal products. Moreover, the modernization of animal farming practices in India, including the use of advanced technology and precision farming methods, has fueled the demand for innovative and scientifically formulated specialty feed additives.
The India specialty feed additives market faces several challenges. Specialty feed additives, such as enzymes, antioxidants, and acidulants, have specific roles in animal nutrition, but there is often limited awareness among farmers and feed manufacturers about their benefits. Access to specialized and high-quality specialty feed additives can be limited in certain regions.
The specialty feed additives market was influenced by changing consumer preferences and regulatory considerations. Growth was seen in additives targeting specific health and performance benefits for animals.
The India specialty feed additives market is served by notable players like Evonik Industries AG, Nutreco N.V., and Adisseo. These companies focus on specialized feed additives that target specific aspects of animal nutrition to optimize health and performance.
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 Specialty Feed Additives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Specialty Feed Additives Market Revenues & Volume, 2021 & 2031F |
3.3 India Specialty Feed Additives Market - Industry Life Cycle |
3.4 India Specialty Feed Additives Market - Porter's Five Forces |
3.5 India Specialty Feed Additives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Specialty Feed Additives Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
4 India Specialty Feed Additives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-quality animal products in India |
4.2.2 Growing awareness about the benefits of specialty feed additives among farmers |
4.2.3 Government initiatives to promote sustainable agriculture practices in the country |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Lack of awareness and education among small-scale farmers about specialty feed additives |
4.3.3 Stringent regulations and approvals required for introducing new feed additives in the market |
5 India Specialty Feed Additives Market Trends |
6 India Specialty Feed Additives Market, By Types |
6.1 India Specialty Feed Additives Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Specialty Feed Additives Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Specialty Feed Additives Market Revenues & Volume, By Flavors & Sweeteners, 2021-2031F |
6.1.4 India Specialty Feed Additives Market Revenues & Volume, By Minerals, 2021-2031F |
6.1.5 India Specialty Feed Additives Market Revenues & Volume, By Binders, 2021-2031F |
6.1.6 India Specialty Feed Additives Market Revenues & Volume, By Vitamins, 2021-2031F |
6.1.7 India Specialty Feed Additives Market Revenues & Volume, By Acidifiers, 2021-2031F |
6.1.8 India Specialty Feed Additives Market Revenues & Volume, By Antioxidants, 2021-2031F |
6.2 India Specialty Feed Additives Market, By Livestock |
6.2.1 Overview and Analysis |
6.2.2 India Specialty Feed Additives Market Revenues & Volume, By Swine, 2021-2031F |
6.2.3 India Specialty Feed Additives Market Revenues & Volume, By Ruminants, 2021-2031F |
6.2.4 India Specialty Feed Additives Market Revenues & Volume, By Poultry, 2021-2031F |
6.2.5 India Specialty Feed Additives Market Revenues & Volume, By Aquatic Animals, 2021-2031F |
7 India Specialty Feed Additives Market Import-Export Trade Statistics |
7.1 India Specialty Feed Additives Market Export to Major Countries |
7.2 India Specialty Feed Additives Market Imports from Major Countries |
8 India Specialty Feed Additives Market Key Performance Indicators |
8.1 Adoption rate of specialty feed additives by livestock farmers |
8.2 Average improvement in animal health and productivity after using specialty feed additives |
8.3 Investment in research and development for innovative feed additive solutions |
9 India Specialty Feed Additives Market - Opportunity Assessment |
9.1 India Specialty Feed Additives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Specialty Feed Additives Market Opportunity Assessment, By Livestock, 2021 & 2031F |
10 India Specialty Feed Additives Market - Competitive Landscape |
10.1 India Specialty Feed Additives Market Revenue Share, By Companies, 2024 |
10.2 India Specialty Feed Additives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |