Indian Feed Additives Market to Grow at 9.5% During 2024-2032, Spurred by Rising Livestock Population

July 04, 2022 | Food & Beverages

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The latest report by IMARC Group, titled “Indian Feed Additives Market Report by Source (Synthetic, Natural), Product Type (Amino Acids, Phosphates, Vitamins, Acidifiers, Carotenoids, Enzymes, Mycotoxin Detoxifiers, Flavors and Sweeteners, Antibiotics, Minerals, Antioxidants, Non-Protein Nitrogen, Preservatives, Phytogenics, Probiotics), Livestock (Ruminants, Poultry, Swine, Aquatic Animal, and Others), Form (Dry, Liquid), and Region 2024-2032,” finds that the Indian feed additives market is expected to grow at a CAGR of 9.5% during the forecast period (2024-2032). Feed additives are dietary supplements formulated by combining nutrition-rich ingredients such as feed attractants, immunostimulants, probiotics, acidifiers, and essential oils. They consist of vitamins, minerals, amino acids, and other essential nutrients that help improve the health and metabolism of animals and enhance their immune function, stress resistance, and reproduction. They also improve the quality of animal-derived products such as meat, milk, and eggs. As a result, feed additives are widely utilized across India for maintaining the overall health of the livestock on a commercial and non-commercial scale.

Indian Feed Additives Market Trends:

The market is primarily driven by the rising livestock population in the country. India currently represents one of the countries with the highest livestock population in the world. It is also one of the largest producers of milk, beef, broilers, eggs, and fish. Besides this, the escalating demand for food and animal-derived products due to the increasing population is also contributing to the market growth. In addition, with the changing lifestyles and growing consciousness toward health and wellness, consumers are widely adopting food rich in proteins, vitamins, and minerals over cereals. This, coupled with the rising emphasis of dairy farmers on livestock disease prevention, is positively influencing the market growth. Moreover, increasing exports, the growing concerns among individuals regarding the quality of animal products, and facility expansion and mergers and acquisition (M&A) activities conducted by the leading players are some of the other factors creating a favorable market outlook across India.

Market Summary:

Based on the source, the market has been bifurcated into synthetic and natural.
On the basis of the product type, the market has been classified into amino acids (lysine, methionine, threonine, and tryptophan), phosphates (monocalcium phosphate, dicalcium phosphate, mono-dicalcium phosphate, defluorinated phosphate, tricalcium phosphate, and others), vitamins (fat- and water-soluble), acidifiers (propionic acid, formic acid, citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and others), carotenoids (astaxanthin, canthaxanthin, lutein, and beta-carotene), enzymes (phytase, protease, and others), mycotoxin detoxifiers (binders and modifiers), flavors and sweeteners (flavors and sweeteners), antibiotics (tetracycline, penicillin, and others), minerals (potassium, calcium, phosphorus, magnesium, sodium, iron, zinc, copper, manganese, and others), antioxidants (BHA, BHT, ethoxyquin, and others), non-protein nitrogen (urea, ammonia, and others), preservatives (mold inhibitors and anticaking agents), phytogenics (essential oils, herbs and spices, oleoresin, and others), and probiotics (lactobacilli, stretococcus thermophilus, bifidobacterial, and yeast).
Based on the livestock, the market has been categorized into ruminants (calves, dairy cattle, beef cattle, and others), poultry (broilers, layers, and breeders), swine (starters, growers, and sows), aquatic animals, and others.
On the basis of the form, the market has been segregated into dry and liquid.
On the geographical front, the market has been divided into North India, West and Central India, South India, and East India.
The competitive landscape of the market has been examined in the report, along with the detailed profiles of the key players operating in the industry.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Source, Product Type, Livestock, Form, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Indian Feed Additives Market to Grow at 9.5% During 2024-2032, Spurred by Rising Livestock Population

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