Base Year
Historical Year
Forecast Year
The Indian animal feed market size reached a value of around USD 14.34 billion in the year 2023. The market is further expected to grow at a CAGR of 3.9% between 2024 and 2032 to reach a value of approximately USD 20.28 billion by 2032.
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The Indian animal feed market is driven by the increasing government support in the country. After the liberalization of the Indian economy in the early 1990s, the animal feed industry was presented with new opportunities. The industry continues to have substantial growth potential owing to increasing domestic consumption of animal-based products, rising livestock population, and growing dependence on imports.
Animal feed are food items produced or grown for the consumption of livestock or poultry. These products are carefully grown and blended with numerous nutritional ingredients that are essential to maintain the health of animals. Some of the common feeds include pasture grasses, hay and silage crops, cereal grains, and other by-products of food crops, such as pineapple bran, brewers' grains, and sugar beet pulp. The animal feed industry encompasses various sectors such as cattle, poultry, and aquaculture.
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The animal feed market in India is segmented on the basis of product into:
Among all of these, poultry feed exhibits the most popular product type in the market due to the highly organized poultry sector in India.
On the basis of form, the market is divided into:
The report also covers the regional markets of animal feed in India, like North Region, East and Central Region, West Region, and South Region.
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The Indian animal feed market is driven by the rising dairy industry, backed by the White Revolution 2.0, which has resulted in the rapid growth of the cattle population. Currently, India has the largest cattle population in the world, thereby becoming a significant market for cattle feed. The demand for commercial cattle feed is projected to increase in India, as the dairy industry structure is becoming more organized. In addition to this, the government is also planning to launch schemes and policies under the 12th Five Year Plan, which are aimed at improving the overall status of the animal feed industry to provide for future demand.
The market is further aided by the emergence of non-traditional feed ingredients and technological advancements as well as innovations, such as the creation of genetically modified animal feed ingredients. The market is finding obstruction due to frequent disease outbreaks and high import duties on feed ingredients.
The report gives a detailed analysis of the following key players in the Indian animal feed market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Form |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Indian Animal Feed Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The Indian animal feed market reached a value of USD 14.34 billion in 2023.
The market is projected to grow at a CAGR of nearly 3.9% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 20.28 billion by 2032.
The major drivers of the industry include rising disposable incomes, increasing population, increasing livestock population, and the rising dairy industry.
The rising support from the government is expected to be a key trend guiding the growth of the market.
North Region, East and Central Region, West Region, and South Region are the leading regions in the market.
Poultry feed is the dominant product type in the market.
The various forms of animal feed in India include pellets, crumbles, and mash, among others.
The leading players in the market are Cargill, Incorporated, Suguna Foods Private Limited, Japfa Comfeeds India Pvt. Ltd., Nouriture, Godrej Agrovet Limited (GAVL), SKM Animal Feeds & Foods (India) Private Limited, Kapila Agro Group, KSE Limited, Avanti Feeds Limited, Uno Feeds, Growel Feeds Pvt. Ltd., and The Waterbase Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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