India Poultry Feed Market Outlook
According to the report by Expert Market Research EMR, The India poultry feed market size reached a value of approximately USD 20566.9 million in 2023. Aided by the increasing implementation of favourable government policies and the popularity of following a nutritional diet, the market is projected to grow at a CAGR of 7.29% between 2024 and 2032, reaching a value of around USD 31489.4 million by 2032.
Poultry feed is a formulated mixture of ingredients designed to provide essential nutrients to various types of poultry, such as chickens, turkeys, ducks, and other birds raised commercially or domestically. This feed plays a critical role in ensuring the health, growth, and productivity of poultry by meeting their specific dietary requirements.
Poultry feed is a staple in the dietary regimen of commercial poultry, ensuring that chickens, ducks, and other types of poultry receive balanced nutrition for optimal growth and health. The feed typically consists of a mix of grains, protein sources, vitamins, and minerals. It is formulated based on the specific requirements of the poultry at different stages of their life cycle, including starter, grower, and finisher phases.
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The India poultry feed market expansion is a direct consequence of several socio-economic factors. As the population grows, so does the demand for affordable and high-quality protein sources, with poultry serving as a primary choice for many households. This trend is bolstered by a rising middle class whose increasing disposable incomes and urban lifestyles lead to greater consumption of processed and ready-to-eat poultry products.
Urbanisation also plays a pivotal role, as urban dwellers tend to consume more meat due to better access to markets and a shift away from predominantly vegetarian diets prevalent in some rural areas. This growing consumer demand significantly drives the need for more poultry feed, as producers strive to meet market requirements efficiently.
The India poultry feed market has embraced technological advancements that dramatically enhance production efficiency and feed quality. Techniques such as precision nutrition involve the use of algorithms and analytics to formulate feed that precisely meets the nutritional requirements of poultry at different growth stages. Automated feeding systems ensure that feed delivery is timed perfectly and distributed uniformly, minimising waste and maximising dietary intake. These innovations not only help in maintaining consistent feed quality but also support sustainability by optimising resource use and reducing excesses. Consequently, these technological enhancements contribute to higher productivity and better health outcomes in poultry populations.
The government recognises the India poultry market as a vital part of the agricultural economy and has implemented various policies and subsidies to support its growth. These initiatives include financial assistance, export incentives, and regulatory support aimed at enhancing domestic production capabilities and competitiveness in the global market. For instance, subsidies on feed ingredients and tax exemptions on poultry equipment lower production costs for farmers, making poultry farming more viable. Furthermore, government programmes designed to encourage poultry vaccination and disease management improve flock health, indirectly boosting the demand for quality feed as poultry populations grow and thrive.
Despite the positive trends and supportive measures, the India poultry feed market faces significant challenges related to the costs of raw materials. Key ingredients like maize, soybean meal, and other cereals are subject to price volatility due to factors such as seasonal changes, international demand, and economic policies affecting agricultural markets. These fluctuations can lead to increased costs of feed production, which, in turn, can squeeze profit margins for poultry farmers. Managing these costs is critical for maintaining the affordability of poultry products for consumers and ensuring the sustainable growth of the poultry industry. Stakeholders must continuously adapt to these economic pressures through strategic purchasing, better supply chain management, or shifts to alternative ingredients when prices spike.
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India Poultry Feed Market Segmentation
The India poultry feed 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 mergers and acquisitions, among other major developments, of the leading companies operating in the India poultry feed market. Some of the major 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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