Indian Animal Feed Market Outlook
According to the report by Expert Market Research (EMR), Indian animal feed market is projected to grow at a CAGR of 3.9% between 2024 and 2032. Aided by rising livestock population and growing domestic consumption of animal-based products, the market is expected to grow significantly by 2032.
Animal feed constitutes the food given to domestic animals in the course of animal husbandry. It primarily includes hay, straw, silage, compressed and pelleted feeds, oils and mixed rations, and sprouted grains and legumes. Nutrition plays an imperative role in the overall productivity, health, and well-being of the livestock. Therefore, the quality of animal feed directly impacts the quality of the livestock produce, be it milk, meat, or wool.
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The growth in the poultry, aquaculture, and dairy sectors in India stands as the major catalyst propelling the Indian animal feed market demand. With the rising meat consumption in India due to population growth and increasing disposable incomes, the livestock industry is flourishing. This, in turn, elevates the demand for high-quality animal feed, to ensure optimal livestock health and yield.
Innovation and diversification encapsulate the prevailing market trends. Manufacturers are introducing feed variants fortified with essential nutrients like amino acids, minerals, and vitamins to cater to the specific needs of different livestock categories.
Further, the government initiatives aimed at promoting animal husbandry and the awareness campaigns concerning livestock health have been instrumental. There is a growing emphasis on the nutritional content of the feed, necessitated by a better understanding of the dietary requirements of different livestock categories.
Sustainable feed production is being increasingly acknowledged. Probiotic feeds, which enhance the gut health of animals, are also contributing to the Indian animal feed market growth. Manufacturers are exploring renewable feed ingredients that can reduce the dependency on conventional raw materials, which, in some cases, have ecological repercussions.
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A comprehensive Indian animal feed market analysis reveals the market’s multifaceted nature. India’s diverse climate supports the cultivation of various crops, many residues of which are used as animal feed. Corn, soya bean, and millets are primary feed ingredients. The challenge lies in the efficient utilisation of these resources without compromising on the nutritional value.
Indian Animal Feed Market Segmentation
The market can be divided based on product, form, and region.
Market Breakup by Product
- Poultry Feed
- Cattle Feed
- Swine Feed
- Aqua Feed
- Pet Feed
- Others
Market Breakup by Form
- Pellets
- Crumbles
- Mash
- Others
Market Breakup by Region
- North Region
- East and Central Region
- West Region
- South Region
Indian Animal Feed Market 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 Indian animal feed market. Some of the major players explored in the report by Expert Market Research are as follows:
- Cargill, Incorporated
- Suguna Foods Private Limited
- Japfa Comfeeds India Pvt. Ltd.
- Nouriture
- Godrej Agrovet Limited (GAVL)
- SKM Animal Feeds & Foods (India) Private Limited
- Kapila Agro Group
- KSE Limited
- Avanti Feeds Limited
- Uno Feeds
- Growel Feeds Pvt. Ltd.
- The Waterbase Limited
- Others
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