India Poultry Feed Market Size, Share, Trends and Industry Report | 2032

India Poultry Feed Market Analysis, Demand, Outlook, Key Players and Forecast

newsbOctober 14, 2024

8 4 minutes read

Table of Contents

India Poultry Feed Market Outlook

According to the report by Expert Market Research (EMR), the India poultry feed market size attained a value of USD 20,566.9 million in 2023. Driven by the increasing demand for poultry products, coupled with rising awareness of animal nutrition, the market is projected to grow at a CAGR of 7.29% between 2024 and 2032, reaching a value of USD 31,489.4 million by 2032.

Poultry feed is a nutritionally balanced mixture of feed ingredients formulated to meet the dietary requirements of poultry, including chickens, turkeys, ducks, and other domestic birds. The feed typically consists of proteins, carbohydrates, fats, vitamins, and minerals, tailored to the specific growth stages and production needs of poultry. As the demand for poultry meat and eggs continues to rise, the significance of quality poultry feed in enhancing productivity and sustainability in poultry farming becomes increasingly apparent.

Key Market Drivers Of Growth

The growth of the India poultry feed market is primarily driven by the surging demand for poultry meat and eggs. As one of the most affordable sources of protein, poultry products are gaining popularity among consumers, particularly in urban areas. The increasing population and changing dietary patterns towards higher protein consumption are contributing to the growing demand for poultry products. Moreover, the rise of fast-food chains and processed food industries, which heavily rely on poultry ingredients, is further fueling market growth.

Additionally, the growing awareness regarding animal health and nutrition is leading to a shift towards high-quality poultry feed. Farmers are increasingly recognizing the impact of nutrition on poultry health, growth rates, and overall productivity. This awareness is driving the demand for fortified and balanced feed formulations, which are essential for optimal poultry performance. Moreover, the adoption of advanced feeding technologies and practices is enhancing feed efficiency and reducing wastage, further contributing to market growth.

The poultry farming sector in India is also witnessing significant technological advancements, which are improving production efficiency and sustainability. The use of precision nutrition, feed additives, and probiotic formulations is gaining traction among poultry farmers. These innovations not only enhance feed efficiency but also improve gut health and immunity in poultry, reducing the reliance on antibiotics and promoting overall flock health.

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Industry Trends and Innovations

The India poultry feed market is undergoing notable transformations driven by emerging trends and innovations. One of the key trends is the increasing focus on sustainable and organic poultry feed. As consumers become more conscious of food safety and environmental sustainability, there is a growing demand for organic poultry products. This trend is prompting feed manufacturers to explore sustainable sourcing of raw materials and develop organic feed formulations that comply with certification standards.

Moreover, the rising popularity of alternative protein sources, such as insect meal and plant-based proteins, is reshaping the poultry feed landscape. These alternative protein sources are being explored as sustainable options to meet the nutritional needs of poultry while minimizing environmental impacts. Companies are investing in research and development to incorporate these innovative ingredients into their feed formulations, catering to the evolving preferences of both farmers and consumers.

Another significant trend in the India poultry feed market is the increased emphasis on biosecurity measures in poultry farming. Following the outbreaks of avian influenza and other diseases, poultry farmers are prioritizing biosecurity to protect their flocks. This includes adopting better feed management practices, ensuring feed hygiene, and using additives that promote gut health and immunity. The integration of biosecurity measures is enhancing the demand for specialized feed formulations that support poultry health and mitigate disease risks.

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India Poultry Feed Market Segmentation

The market can be divided based on nature, poultry type, and region.

Market Breakup by Nature

Conventional
Organic

Market Breakup by Poultry Type

Layers
Broilers
Turkeys and Others

Market Breakup by Region

North
South
East and Central
West

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India poultry feed market. Some of the major players explored in the report by Expert Market Research are as follows:

Godrej Agrovet Limited (GAVL)
Suguna Foods Private Limited.
Japfa Comfeed India Private Limited
Henraajh Feeds India Pvt. Ltd.
Maharashtra Feeds Pvt Ltd.
Sneha Group
Anmol Feeds Pvt. Ltd.
IB Group
Skylark Feeds Pvt. Ltd.
Others

Challenges and Future Outlook

Despite the positive growth trajectory, the India poultry feed market faces several challenges. Fluctuating raw material prices, driven by factors such as climate change and changing agricultural patterns, pose a significant risk to the profitability of feed manufacturers. Moreover, the increasing regulatory scrutiny surrounding animal feed safety and quality is necessitating compliance with stringent standards, which can add to operational costs.

Additionally, the threat of diseases, such as avian influenza, continues to loom over the poultry sector. Disease outbreaks can lead to significant economic losses and affect consumer confidence in poultry products. Therefore, poultry farmers and feed manufacturers need to prioritize biosecurity measures and adopt best practices to mitigate risks associated with poultry health.

Looking ahead, the Indian poultry feed market is poised for substantial growth, supported by the rising demand for poultry products and the ongoing advancements in animal nutrition. The increasing focus on sustainability and the adoption of innovative feed formulations will play a crucial role in shaping the market landscape. As consumers continue to seek high-quality and safe poultry products, the demand for specialized poultry feed will remain robust.

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