Indian Animal Feed Market 2023-2028: Top Manufacturers Share, Growth Rate, Demand Analysis and Forecast Report

Published April 24, 2023

What is the size of animal feed market in India?

The latest report by IMARC Group titled “Indian Animal Feed Market Report: Industry Trends, Share, Size, Opportunity, and Forecast 2023-2028” finds that The Indian animal feed market size reached INR 956.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 1,578.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.2% during 2023-2028.

Indian Animal Feed Market Overview:

Animal feed is the food that is specifically prepared for animals, typically livestock such as cattle, poultry, pigs, and fish. It is an essential component of modern animal husbandry, allowing producers to optimize the health of their livestock while lowering production costs. It is formulated to provide the animals with the necessary nutrients, energy, and protein to support their growth, health, and productivity. It is made from various ingredients, including grains, oilseeds, forages, and by-products, mixed and processed to optimize its nutritional value and digestibility for the target animal. Its composition differs depending on the animal's species, age, weight, and purpose.

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Is animal feed business profitable?

The market in India is majorly driven by the increasing demand for animal protein. In line with this, the rising income levels and changing dietary preferences are significantly contributing to the market. Furthermore, the expansion of the organized livestock sector and the rapid adoption of modern animal husbandry practices are positively influencing the market. Apart from this, the growth of the dairy and poultry industries and favorable government policies and subsidies for animal feed production is creating a positive outlook for the market. Moreover, the improvement in feed quality and safety standards and escalating usage of technology in feed production and distribution are strengthening the market. Besides, the increasing awareness about the benefits of feed additives and supplements is offering lucrative opportunities for the market. Additionally, the rising demand for organic and natural animal feed products and the adoption of sustainable and eco-friendly feed production practices are providing a boost to the market.

Top Animal Feed Manufacturers In India:
  • 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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Key Market Segmentation:

Breakup by Product Type:

  • Poultry Feed
  • Cattle Feed
  • Aquafeed

Regional Insights:

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

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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