IMARC Group, a leading market research company, has recently releases report titled “India Poultry Feed Market by Nature, Form, Additives, Animal Type, Distribution Channel, and Region 2023-2028” The study provides a detailed analysis of the industry, including the India poultry feed market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Indian poultry feed market?
The Indian poultry feed market reached a value of INR 857 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of INR 1,124 Billion by 2028, exhibiting a CAGR of 4.0% during 2023-2028.
What is poultry feed?
Poultry feed refers to a specially formulated mixture of ingredients designed to provide essential nutrients, minerals, and vitamins required for the optimal growth, health, and production of poultry birds such as chickens, ducks, and turkeys. It typically includes a combination of grains, protein sources (such as soybean meal or fishmeal), fats, minerals, vitamins, and additives. Poultry feed is tailored to meet the specific nutritional needs of different stages of poultry growth, such as starter feed for young chicks and layer feed for egg-laying hens. Properly balanced and nutritionally dense poultry feed plays a crucial role in supporting the overall health, productivity, and performance of poultry birds.
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What are the growth prospects and trends in the India poultry feed industry?
The India poultry feed industry demonstrates promising growth prospects and evolving trends. Firstly, the rising population and increasing income levels are driving the demand for poultry products, resulting in a higher need for poultry feed. Additionally, a shift towards more protein-rich diets among consumers is boosting the poultry industry, stimulating the demand for quality feed. Moreover, the government's focus on promoting domestic poultry production and reducing dependence on imports is creating opportunities for feed manufacturers.
Furthermore, there is a growing emphasis on incorporating advanced technology and research to develop nutritionally balanced and cost-effective feed formulations. With increased awareness about the benefits of organic and natural feed, there is a trend towards the use of organic and non-GMO ingredients in poultry feed. These factors, along with the expansion of integrated poultry operations and improving distribution networks, contribute to the positive growth trajectory of the India poultry feed industry.
What is included in market segmentation?
The report has segmented the market into the following categories:
Regional Insights:
- Maharashtra
- Tamil Nadu
- Uttar Pradesh
- Gujarat
- Karnataka
- West Bengal
- Rajasthan
- Andhra Pradesh
- Telangana
- Madhya Pradesh
- Delhi NCR
- Punjab
- Haryana
- Others
Nature Insights:
- Conventional and Organic
Form Insights:
- Mashed
- Pellets
- Crumbles
- Others
Additives Insights:
- Antibiotics
- Vitamins
- Antioxidants
- Amino acid
- Feed enzymes
- Feed acidifiers
- Others
Animal Type Insights:
- Layers
- Broilers
- Turkey
- Others
Distribution Channel Insights:
- Offline
- Online
What is included in market segmentation?
The report has segmented the market into the following categories:
- Alltech
- Ayurvet Limited
- Godrej Agrovet Limited
- Henraajh Feeds India Private Limited
- Hindustan Animal Feeds
- JAPFA Comfeed India Private Limited
- Maharashtra Feeds Pvt.Ltd.
- Protinex Advance Feed Industries
- SKM Animal Feeds
- Foods (India) Ltd.
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