India Feed Additive Market is segmented By Therapeutics (Anti-infectives, Anti-inflammatory, Parasiticide, Antibiotic, Others), By Additive Type (Antioxidant (BHA, BHT, Ethoxyquin, Others), Antibiotics (Tetracycline, Penicillin, Others), Amino Acids (Tryptophan, Lysine, Methionine, Others), Betaine (Natural, Synthetic), Enzymes (Straight Enzymes (Phytases, Carbohydrases, Proteases, Others), Cocktail Enzymes), Emulsifiers, Flavors and Sweeteners, Binders (Natural, Synthetic, Others), Prebiotics (Inulin, Fructo Oligosaccharides, Galacto Oligosaccharides, Othres), Minerals (By Type (Micro Minerals (calcium, phosphorus, sodium, chlorine, magnesium, potassium and sulphur), Macro Minerals (copper, iron, manganese, molybdenum, zinc, chromium, fluorine, selenium and silicon)), By Form (Organic Trace Minerals, In-organic Trace Minerals)), Pigments (Carotenoids, Curcumin and Spurulina, Others), Probiotics (Lactobacilli, Bifidobacteria, Others), Mycotoxin Detoxifiers (Binders, Bio-Transformers), Vitamins (Vitamin A, Vitamin B (Vitamin B3 (Niacin & Niacinamide), Vitamin B4 (Choline Chloride), Vitamin B12), Vitamin C, Vitamin E, Others), Acidifiers (Lactic Acid, Propionic Acid, Fumaric Acid, Others), Others), By Premix Type (Vitamin Premix (Water - Soluble Vitamins (B1, B2, B3, B6, B12 and C), Fat - Soluble Vitamins (A, D, E and K)), Mineral Premix (Mcalcium, Iron, Phosphorus, Magnesium, Others dry-blended form), Amino acid Premix, Nutraceuticals Premix (Inositol, Taurine, Choline, Natural Extracts), Customised Premix, Others), By Livestock Type (Poultry, Dairy, Aqua, Swine, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
The India Feed Additive Market is expected to grow at a high CAGR during the forecast period (2024-2031).
India Feed additives market has grown greatly with increasing demand for feed and a growing livestock population in the country. India feed additive market offers greater opportunities despite increasing entrepreneurship in the organized sector. India Feed additive market is comprised of both local and international players that are positively impacting the Indian livestock industry in recent years. The growth in the industry is mainly due to the increasing demand for healthy dairy products and meats products among the consumers.
Feed additives play an important role in animal nutrition as more and more livestock producers are looking for sustainable and natural methods to enhance the health, performance, and productivity of feed.
Market Dynamics
Government schemes and subsidies for promoting livestock health and production are the main reasons for the industry growth.
The growing need for meat products and the increasing livestock population are the key factors driving the demand for feed production.
Rising demand for feed production is driving the growth of feed additives in the country.
The increasing facility expansion for feed production with high-quality additives by the companies is driving the Indian feed additives market.
The feed industry in India is gradually evolving into an organized sector and the feed manufacturers are increasingly using modern and sophisticated methods that seek to incorporate best manufacturing practices.
For instance, in June 2018, Nutreco has formed a joint venture with West Coast Group to meet the growing demand for the Indian aquaculture feed market. The companies are planning to build a feed production facility with a capacity of 100,000 Metric tons in west India and the plant is expected to open in 2020 in a phased manner.
In January 2018, Cargill has introduced its first feed mill dedicated to high-quality Fish feed. The mill is located in Vijayawada and provides farmers with high-quality aqua feed solutions. It is an initial step by Cargill’s to develop its aqua feed business in India and across Asia.
