The latest report by IMARC Group titled “Indian Animal Feed Market 2022: Market Trends, Share, Size, Growth, Opportunity, and Forecast Till 2027” finds that the Indian animal feed market reached a value of INR 873.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 1493.8 Billion by 2027, exhibiting at a CAGR of 9.6% during 2022-2027. Animal feed refers to the edible food that is fed to the livestock. Some of the commonly used animal feeds include cereal grains, compressed and pelleted feeds, hay, pasture grasses, straw, sprouted grains, and others. These products are widely mixed with various nutritional additives to improve an animal’s overall health.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Indian Animal Feed Market Trends:
The market in India is majorly driven by rising livestock production. This, in confluence with the increasing demand for animal-based products across the country, is providing an impetus to the market growth. Furthermore, significant growth in the dairy industry is positively influencing the market growth. Moreover, rapid advancements in technologies have led to the development of fortified and non-genetically modified organisms (non-GMO) animal feed variants, which are gaining widespread prominence across India. Additionally, numerous favorable initiatives undertaken by the Government of India (GOI) for encouraging the usage of high-quality animal feed to promote animal health are creating a positive outlook for the market.
Competitive Landscape with Key players:
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.
- Grobest Feeds Corporation India Ltd.
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Indian Animal Feed Market 2022-2027 and Segmentation:
Breakup by Product Type:
- Poultry Feed
- Cattle Feed
- South India
- North India
- East India
- West India
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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