Indian Animal Feed Market is further projected to reach INR 788 Billion by 2023|Bharat Book Bureau

Bharat Book Bureau Provides the Trending Market Research Report on “Indian Animal Feed Market” under Agriculture category. The Indian Animal Feed Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

The Indian Animal Feed Market was worth INR 348 Billion in 2017. The market is further projected to reach INR 788 Billion by 2023, at a CAGR of 14.5% during 2018-2023. India currently represents one of the fastest growing animal feed markets in the world. The increasing demand for animal protein and dairy products has resulted in a growing livestock population in India, which in turn has increased the demand for animal feed. Currently the poultry, aqua and dairy industry accounts for the major share of the Indian animal feed industry. Modern animal feed products are manufactured by carefully selecting and blending ingredients to impart highly nutritional diets that both increase the quality of its end products such as meat, milk, eggs and at the same time maintain the health of the animal.

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Indian Animal Feed Market: Drivers

The population in India is expected to increase continuously in the medium and long terms. This will create a strong demand for eggs, meat, milk, etc., in turn increasing the demand for animal feed.

The Indian government along with private initiatives are increasing the awareness of better feed practices among farmers. Farmers are getting more aware about animal health and the importance of a balanced and nutritional food for their animals.

Apart from domestic consumption, Indian exports of animal feed are rising and will also represent an important growth driver during the next five years.

Changing lifestyles and rising per capita incomes in India have resulted in a shift in the dietary habits in the country. This has resulted in an increase in the consumption of milk and meat, leading to a growing demand for animal feed.

Market Summary:

Based on the product type, the market has been segmented as poultry feed, cattle feed and aqua feed. Currently poultry feed accounts for the largest market share. Followed by cattle feed and aqua feed.

On the basis of region, the market has been segmented as North India, South India, East India and West India.

The competitive landscape of the market has also been examined in the report and the profiles of key players have also been provided.

This report provides a deep insight into the Indian animal feed market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian animal feed market in any manner.

Key Questions Answered in This Report:

How has the India animal feed market performed so far and how will it perform in the coming years?
What are the key product types in the Indian animal feed market?
What is the breakup of the Indian animal feed industry on the basis of region.
What are the various stages in the value chain of the Indian animal feed market?
What are the key driving factors and challenges in the Indian animal feed market?
What is the structure of the Indian animal feed market and who are the key players?
What is the degree of competition in the Indian animal feed market?

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