India Poultry Feed Market Outlook
According to a new report by Expert Market Research titled “India Poultry Feed Market Size, Share, Report, Demand, Analysis, Forecast 2024-2032″, the India poultry feed market reached approximately USD 22066.23 million in 2023. Aided by the escalating demand for quality poultry products and the widening applications of poultry feed in the poultry industry, the market is projected to further grow at a CAGR of 7.30% between 2024 and 2032, reaching a value of USD 41725.48 million by 2032.
Poultry feed is a mixture of grains, oilseed meals, and animal by-products fortified with vitamins, minerals, and other nutritional elements. It is mainly used as a feed for domesticated birds, such as chickens, ducks, and turkeys, to improve their overall health and productivity. Poultry feed plays a crucial role in enhancing the growth rate, egg production, and meat quality of the birds.
The rising consumer preference for quality poultry products is primarily driving the India poultry feed market growth. With the growing awareness of the health benefits linked with the consumption of high-quality poultry products, there has been a substantial shift towards quality-oriented poultry farming, leading to a surge in demand for nutrient-rich poultry feed.
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Moreover, the burgeoning trend of protein-rich diets has additionally contributed to the popularity of poultry feed, as it is a significant factor in ensuring the production of protein-rich poultry products consumed by health-conscious consumers. The expanding applications of poultry feed in the poultry industry also contribute significantly to the India poultry feed market expansion. Poultry feed is utilised in layer farming for egg production, broiler farming for meat production, and breeder farming for rearing parent stock.
The Indian poultry industry capitalises on poultry feed to enhance the quality and quantity of its produce, which is essential in meeting the increasing demand for poultry products. In addition to this, the growth of the organised retail sector and increasing disposable income in India have led to an increased focus on poultry feed as a critical factor in boosting the quality of poultry products, thus aiding the India poultry feed market growth.
The rise in the consumption of poultry products due to the growing population and the increasing trend of non-vegetarian diets has propelled the need for efficient and effective poultry farming. Consequently, poultry feed has emerged as a significant element in achieving this efficiency, thereby accelerating the India poultry feed market development.
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India Poultry Feed Market Segmentation
The market can be divided based on nature, poultry type, and region.
Market Breakup by Nature
- Conventional
- Organic
Market Breakup by Poultry Type
- Layers
- Broilers
- Turkeys and Others
Market Breakup by Region
- North
- South
- East and Central
- West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among
other major developments, of the India poultry feed companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Godrej Agrovet Limited (GAVL)
- Suguna Foods Private Limited.
- Japfa Comfeed India Private Limited
- Henraajh Feeds India Pvt. Ltd.
- Maharashtra Feeds Pvt Ltd.
- Sneha Group
- Anmol Feeds Pvt. Ltd.
- IB Group
- Skylark Feeds Pvt. Ltd.
- Others
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