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The Indian animal feed market reached a value of INR 942.4 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 12.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
India currently represents one of the largest feed producers in the world. Animal feed includes various raw, processed and semi-processed products that are fed to livestock. Some of the most common feeds include pasture grasses, cereal grains, hay and silage crops, and other by-products of food crops, such as brewers’ grains, pineapple bran and sugar beet pulp. These products are carefully formulated with the help of nutritional additives, like vitamins and minerals, to maintain the overall health of animals and improve the quality of various end-products, including eggs, meat and milk. In this country, there has been a rise in public concern regarding the safety of animal-origin food products due to the prevalence of food-borne bacterial infections, bovine spongiform encephalopathy (BSE) and dioxin contamination. These concerns have prompted regulatory organizations to inspect and improve feeding practices in the country.
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Recently, it was noted that raw materials used in the production of animal feed, like soybean meal, sorghum and maize, are being diverted for the consumption of humans, leading to a shortage in the feed industry. Furthermore, the expensive nature, and price and supply volatility of these raw materials is encouraging industry players to switch to sustainable and lower-cost ingredients for livestock production. Some of these novel ingredients include insect meal and Distiller’s dried grain with solubles (DDGS). Besides this, currently has a separate set of livestock policies that focus on increasing the overall productivity. Some of the schemes that are acting in favor of the animal feed market include E-Pashu Haat, Livestock Insurance Scheme, Rashtriya Gokul Mission, and National Livestock Mission.
IMARC Group provides an analysis of the key trends in each sub-segment of the Indian animal feed market report, along with forecasts for growth at the country and regional level from 2021-2026. Our report has categorized the market based on product type.
Breakup by Product Type:
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At present, poultry feed is the most popular product type in the market, owing to a rapid rise in the per capita meat consumption in India.
Regional Insights:
On the geographical front, South India represents the leading market for animal feed, accounting for the largest market share. In recent years, the market has witnessed growth in Andhra Pradesh, Karnataka and Tamil Nadu, owing to the rise in the manufacturing of poultry products.
The report has also analyzed the competitive landscape of the market with some of the key players being
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| Units | INR Billion, Million Tons |
| Segment Coverage | Product, Region |
| Region Covered | North India, South India, East India, West India |
| Companies Covered | 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. and Grobest Feeds Corporation India Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 1999 Five User License: US$ 2499 Corporate License: US$ 2999 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The Indian animal feed market was valued at INR 942.4 Billion in 2020.
We expect the Indian animal feed market to grow at a CAGR of 12.5% during 2021-2026.
A significant development of the dairy industry in India, supported by the White Revolution 2.0, has led to rapid growth of the cattle population, which, in turn, is currently driving the Indian animal feed market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across India resulting in temporary shutdown of numerous manufacturing units and disrupted supply chains for animal feed.
Based on the product type, the Indian animal feed market can be categorized into poultry feed, cattle feed, and aquafeed. Currently, poultry feed holds the majority of the total market share.
On a regional level, the market has been classified into North India, South India, East India, and West India, where South India currently dominates the market.
Some of the major players in the Indian animal feed market include 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., and Grobest Feeds Corporation India Ltd.
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