The Indian animal feed market reached a value of INR 817 Billion in 2018. 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.

Market: Trends

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. On account of these factors, the market is projected to witness a robust growth at a CAGR of 12.7% during 2019-2024, reaching a value of INR 1,683 Billion by 2024.

Breakup by Product Type:

• Poultry Feed
• Cattle Feed
• Aquafeed

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:

• South India
• North India
• East India
• West India

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.

Competitive Landscape:

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., and Grobest Feeds Corporation India Ltd.

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 market?
• What is the breakup of the industry on the basis of region?
• What are the various stages in the value chain of the market?
• What are the key driving factors and challenges in the market?
• What is the structure of the market and who are the key players?
• What is the degree of competition in the 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