The latest report by IMARC Group titled “Indian Animal Feed Market Report: Industry Trends, Share, Size, Opportunity and Forecast 2023-2028” offers a comprehensive analysis of the industry, which comprises insights on the Indian animal feed market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Indian animal feed market size reached INR 956.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 1,578.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.2% during 2023-2028.
Indian Animal Feed Market Outlook:
Animal feed is a food product grown and manufactured for poultry, aquatic animals, ruminants and swine consumption. It includes several raw, processed, and semi-processed ingredients widely adopted to feed livestock that helps in improving the health of animals. It is produced by blending ingredients with high nutritional content, such as hay, oils, legumes, silage, straw, and sprouted grains and is formulated by incorporating additives, including vitamins and minerals, to enhance the quality of various end-products and maintain the overall health of animals. Some of the common animal feeds include cereal grains, and pasture grasses and by-products of food crops, such as pineapple bran, sugar beet pulp, and brewers’ grains.
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Indian Animal Feed Market Trends:
The market in India is majorly driven by rising livestock production. This, in confluence with the increasing demand for animal-based products across the country, is providing an impetus to the market growth. Furthermore, significant growth in the dairy industry is positively influencing the market growth. Moreover, rapid advancements in technologies have led to the development of fortified and non-genetically modified organisms (non-GMO) animal feed variants, which are gaining widespread prominence across India. Additionally, numerous favorable initiatives undertaken by the Government of India (GOI) for encouraging the usage of high-quality animal feed to promote animal health are creating a positive outlook for the market.
Competitive Landscape with Key players:
The report has also analyzed the competitive landscape of the market with some of the key players being.
- Suguna Foods Private Limited
- Japfa Comfeeds India Pvt. Ltd.
- Venkateshwara Hatcheries Pvt. Ltd.
- Anmol Feeds Pvt. Ltd.
- Godrej Agrovet Limited (GAVL)
- SKM Animal Feeds and Foods (India) Ltd.
- Cargill, Incorporated.
- Kapila Krishi Udyog Ltd.
- Amrit Group, KSE Ltd.
- Avanti Feeds Ltd.
- Uno Feeds
- Growel Feeds Pvt. Ltd.
- C P Aquaculture India Pvt. Ltd.
- Mulpuri Foods and Feeds Pvt. Ltd.
- The Waterbase Ltd.
- Grobest Feeds Corporation India Ltd.
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Key Market Segmentation:
Breakup by Product Type:
- Poultry Feed
- Cattle Feed
- Aquafeed
Regional Insights:
- South India
- North India
- East India
- West India
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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