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We expect the Indian feed additives market to exhibit a CAGR of 12.3% during 2022-2027.
The increasing concerns towards the quality of livestock products, coupled with the growing consumption of dairy and poultry products, are primarily driving the Indian feed additives market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the restriction on numerous trade activities and limited raw material supply for feed additives.
Based on the source, the Indian feed additives market has been divided into synthetic and natural, where synthetic source currently exhibits a clear dominance in the market.
Based on the product type, the Indian feed additives market can be categorized into amino acids, phosphates, vitamins, acidifiers, carotenoids, enzymes, mycotoxin detoxifiers, flavors and sweeteners, antibiotics, minerals, antioxidants, non-protein nitrogen, preservatives, phytogenics, and probiotics. Currently, amino acids hold the majority of the total market share.
Based on the livestock, the Indian feed additives market has been segmented into ruminants, poultry, swine, aquatic animal, and others. Among these, poultry currently accounts for the largest market share.
Based on the form, the Indian feed additives market can be bifurcated into dry and liquid. Currently, dry form exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, East India, West and Central India, and South India, where South India currently dominates the Indian feed additives market.
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