The Indian animal feed market was worth INR 817 Billion in 2018. The market is further projected to reach INR 1,683 Billion by 2024, growing at a CAGR of 12.7% during 2019-2024. India currently represents one of the fastest growing animal feed markets in the world. The increasing demand for animal protein and dairy products has resulted in a growing livestock population in India, which in turn has increased the demand for animal feed. Currently the poultry, aqua and dairy industry accounts for the major share of the Indian animal feed industry. Modern animal feed products are manufactured by carefully selecting and blending ingredients to impart highly nutritional diets that both increase the quality of its end products such as meat, milk, eggs and at the same time maintain the health of the animal.
Indian Animal Feed Market: Drivers
Breakup by Product Type:
Based on the product type, the market has been segmented as poultry feed, cattle feed and aqua feed. Currently poultry feed accounts for the largest market share. Followed by cattle feed and aqua feed.
Breakup by Region
On the basis of region, the market has been segmented as North India, South India, East India and West India.
The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.
This report provides a deep insight into the India animal feed market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian animal feed market in any manner.
Key Questions Answered in This Report:
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