The latest report from the IMARC group entitled “Indian Feed Market Research Report: Industry Trends, Share, Opportunity and Forecast 2022-2027” finds that the size of the Indian animal feed market has reached a value of INR 873.7 billion in 2021. Looking ahead, IMARC Group expects the market to reach INR 1493.8 billion by 2027, expose to a 9.6% CAGR during the period 2022-2027. Animal feed refers to edible food that is fed to livestock. Some of the commonly used animal feeds include cereals, compressed and pelleted feeds, hay, pasture grasses, straw, sprouted grains and others. These products are extensively mixed with various nutritional additives to improve the overall health of an animal.
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We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Indian Pet Food Market Trends:
The Indian market is mainly driven by the increase in animal production. This, in conjunction with the growing demand for animal products across the country, is providing impetus for the growth of the market. Additionally, the significant growth in the dairy industry is positively influencing the growth of the market. Additionally, rapid advancements in technologies have led to the development of enriched and non-genetically modified (non-GMO) pet food variants, which are gaining prominence across India. In addition, numerous favorable initiatives undertaken by the Government of India (GOI) to encourage the use of high quality animal feeds 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.
- 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 Flow
- Growel Feeds Pvt. ltd.
- CP 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:
Breakdown by product type:
- Poultry feed
- Livestock feed
- Aquatic food
- South India
- North India
- Eastern India
- West India
Main 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
- Complete mapping of the competitive landscape
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