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
- The population in India is expected to increase continuously in the medium and long terms. This will create a strong demand for eggs, meat, milk, etc., in turn increasing the demand for animal feed.
- The Indian government along with private initiatives are increasing the awareness of better feed practices among farmers. Farmers are getting more aware about animal health and the importance of a balanced and nutritional food for their animals.
- Apart from domestic consumption, Indian exports of animal feed are rising and will also represent an important growth driver during the next five years.
- Changing lifestyles and rising per capita incomes in India have resulted in a shift in the dietary habits in the country. This has resulted in an increase in the consumption of milk and meat, leading to a growing demand for animal feed.
Market Segmentation:
Breakup by Product Type:
- Poultry Feed
- Cattle Feed
- Aqua Feed
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
- North India
- South India
- East India
- West India
On the basis of region, the market has been segmented as North India, South India, East India and West India.
Competitive Landscape:
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:
- How has the Indian animal feed market performed so far and how will it perform in the coming years?
- What are the key product types in the Indian animal feed market?
- What is the breakup of the Indian animal feed industry on the basis of region?
- What are the various stages in the value chain of the Indian animal feed market?
- What are the key driving factors and challenges in the Indian animal feed market?
- What is the structure of the Indian animal feed market and who are the key players?
- What is the degree of competition in the Indian animal feed market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Indian Animal Feed Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Value Trends
5.2.2 Volume Trends
5.3 Market Breakup by Product
5.4 Market Breakup by Region
5.5 Market Forecast
5.6 SWOT Analysis
5.6.1 Overview
5.6.2 Strengths
5.6.3 Weaknesses
5.6.4 Opportunities
5.6.5 Threats
5.7 Value Chain Analysis
5.7.1 Overview
5.7.2 Research and Development
5.7.3 Raw Material Procurement
5.7.4 Manufacturing
5.7.5 Distribution
5.7.6 End-Use
5.8 Porters Five Forces Analysis
5.8.1 Overview
5.8.2 Bargaining Power of Buyers
5.8.3 Bargaining Power of Suppliers
5.8.4 Degree of Competition
5.8.5 Threat of New Entrants
5.8.6 Threat of Substitutes
6 Market Breakup by Product
6.1 Poultry Feed
6.1.1 Market Overview
6.1.2 Current and Historical Market Trends
6.1.3 Price Analysis
6.1.4 Market Segmentation
6.1.5 Key Market Drivers
6.1.6 Key Players
6.1.7 Market Forecast
6.2 Cattle Feed
6.2.1 Market Overview
6.2.2 Current and Historical Market Trends
6.2.3 Price Analysis
6.2.4 Market Segmentation
6.2.5 Key Market Drivers
6.2.6 Key Players
6.2.7 Market Forecast
6.3 Aqua Feed
6.3.1 Market Overview
6.3.2 Current and Historical Market Trends
6.3.3 Price Analysis
6.3.4 Market Segmentation
6.3.5 Key Market Drivers
6.3.6 Key Players
6.3.7 Market Forecast
7 Market Breakup by Region
7.1 North India
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 South India
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 East India
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 West India
7.4.1 Market Trends
7.4.2 Market Forecast
8 Animal Feed Manufacturing Process
8.1 Product Overview
8.2 Raw Material Requirements
8.3 Manufacturing Process
8.4 Key Success and Risk Factors
9 Competitive Landscape
9.1 Market Structure
9.2 Profiles of Key Players
List of Figures
Figure 1: India: Animal Feed Market: Major Drivers and Challenges
Figure 2: India: Animal Feed Market: Consumption Value (in Billion INR), 2011-2018
Figure 3: India: Animal Feed Market: Consumption Volume (in Million Tons), 2011-2018
Figure 4: India: Animal Feed Market: Breakup by Product (in %), 2018
Figure 5: India: Animal Feed Market: Breakup by Region (in %), 2018
Figure 6: India: Animal Feed Market Forecast: Consumption Value (in Billion INR), 2019-2024
Figure 7: India: Animal Feed Market Forecast: Consumption Volume (in Million Tons), 2019-2024
Figure 8: India: Animal Feed Industry: SWOT Analysis
Figure 9: India: Animal Feed Industry: Value Chain Analysis
Figure 10: India: Animal Feed Industry: Porter’s Five Forces Analysis
Figure 11: India: Animal Feed Market: Average Prices (INR/Ton), 2011-2018
Figure 12: India: Animal Feed Market Forecast: Average Prices (INR/Ton), 2019-2024
Figure 13: Animal Feed Market: Price Structure (INR/Ton)
Figure 14: India: Animal Feed Market (Poultry Feed): Consumption Value (in Billion INR), 2011 & 2018
Figure 15: India: Animal Feed Market Forecast (Poultry Feed): Consumption Value (in Billion INR), 2019-2024
Figure 16: India: Animal Feed Market (Cattle Feed): Consumption Value (in Billion INR), 2011 & 2018
Figure 17: India: Animal Feed Market Forecast (Cattle Feed): Consumption Value (in Billion INR), 2019-2024
Figure 18: India: Animal Feed Market (Aqua Feed): Consumption Value (in Billion INR), 2011 & 2018
Figure 19: India: Animal Feed Market Forecast (Aqua Feed): Consumption Value (in Billion INR), 2019-2024
Figure 20: North India: Animal Feed Market: Consumption Value (in Billion INR), 2011 & 2018
Figure 21: North India: Animal Feed Market Forecast: Consumption Value (in Billion INR), 2019-2024
Figure 22: South India: Animal Feed Market: Consumption Value (in Billion INR), 2011 & 2018
Figure 23: South India: Animal Feed Market Forecast: Consumption Value (in Billion INR), 2019-2024
Figure 24: East India: Animal Feed Market: Consumption Value (in Billion INR), 2011 & 2018
Figure 25: East India: Animal Feed Market Forecast: Consumption Value (in Billion INR), 2019-2024
Figure 26: West India: Animal Feed Market: Consumption Value (in Billion INR), 2011 & 2018
Figure 27: West India: Animal Feed Market Forecast: Consumption Value (in Billion INR), 2019-2024
Figure 28: Animal Feed Manufacturing: Process Flow
List of Tables
Table 1: India: Animal Feed Market: Key Industry Highlights, 2018 and 2024
Table 2: India: Animal Feed Market Forecast: Breakup by Product (in Billion INR), 2019-2024
Table 3: India: Animal Feed Market Forecast: Breakup by Region (in Billion INR), 2019-2024
Table 4: India: Animal Feed Market: Competitive Structure
Table 5: India: Animal Feed Market: Key Players
Table 6: Animal Feed: Raw Material Requirements