Indian Animal Feed Market Report by Product Type (Poultry Feed, Cattle Feed, Aquafeed), and Region 2024-2032

Indian Animal Feed Market Report by Product Type (Poultry Feed, Cattle Feed, Aquafeed), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1041
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Market Overview:

The Indian animal feed market size reached INR 1,035.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 1,964.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.2% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
INR 1,035.2 Billion
Market Forecast in 2032
INR 1,964.8 Billion
Market Growth Rate 2024-2032 7.2%


India currently represents one of the largest feed producers in the world. Animal feed includes various raw, processed and semi-processed products that are fed to livestock. Some of the most common feeds include pasture grasses, cereal grains, hay and silage crops, and other by-products of food crops, such as brewers’ grains, pineapple bran and sugar beet pulp. These products are carefully formulated with the help of nutritional additives, like vitamins and minerals, to maintain the overall health of animals and improve the quality of various end-products, including eggs, meat and milk. In this country, there has been a rise in public concern regarding the safety of animal-origin food products due to the prevalence of food-borne bacterial infections, bovine spongiform encephalopathy (BSE) and dioxin contamination. These concerns have prompted regulatory organizations to inspect and improve feeding practices in the country.

Market Trends:

Recently, it was noted that raw materials used in the production of animal feed, like soybean meal, sorghum and maize, are being diverted for the consumption of humans, leading to a shortage in the feed industry. Furthermore, the expensive nature, and price and supply volatility of these raw materials is encouraging industry players to switch to sustainable and lower-cost ingredients for livestock production. Some of these novel ingredients include insect meal and Distiller’s dried grain with solubles (DDGS). Besides this, currently has a separate set of livestock policies that focus on increasing the overall productivity. Some of the schemes that are acting in favor of the animal feed market include E-Pashu Haat, Livestock Insurance Scheme, Rashtriya Gokul Mission, and National Livestock Mission. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Indian animal feed market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type.

Breakup by Product Type:

Indian Animal Feed Market


At present, poultry feed is the most popular product type in the market, owing to a rapid rise in the per capita meat consumption in India.

Regional Insights:

  • South India
  • North India
  • East India
  • West India


On the geographical front, South India represents the leading market for animal feed, accounting for the largest market share. In recent years, the market has witnessed growth in Andhra Pradesh, Karnataka and Tamil Nadu, owing to the rise in the manufacturing of poultry products.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being

  • Anmol Feeds Pvt. Ltd.
  • Avanti Feeds Ltd.
  • C P Aquaculture India Pvt. Ltd.
  • Cargill Incorporated
  • Godrej Agrovet Limited (Godrej Industries Limited)
  • Grobest Feeds Corporation India Ltd.
  • Growel Feeds Pvt. Ltd.
  • Japfa Comfeeds India Pvt. Ltd. (Japfa Ltd.)
  • Kapila Krishi Udyog Ltd.
  • KSE Ltd. 
  • SKM Animal Feeds & Foods (India) Private Limited
  • Suguna Foods Private Limited
  • The Waterbase Ltd. (Karam Chand Thapar & Bros. (Coal Sales) Limited)
  • Uno Feeds
  • Venkateshwara Hatcheries Pvt. Ltd.
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units INR Billion, Million Tons
Segment Coverage Product Type, Region
Region Covered  North India, South India, East India, West India
Companies Covered Anmol Feeds Pvt. Ltd., Avanti Feeds Ltd., C P Aquaculture India Pvt. Ltd., Cargill Incorporated, Godrej Agrovet Limited (Godrej Industries Limited), Grobest Feeds Corporation India Ltd., Growel Feeds Pvt. Ltd., Japfa Comfeeds India Pvt. Ltd. (Japfa Ltd.), Kapila Krishi Udyog Ltd., KSE Ltd., SKM Animal Feeds & Foods (India) Private Limited, Suguna Foods Private Limited, The Waterbase Ltd. (Karam Chand Thapar & Bros. (Coal Sales) Limited), Uno Feeds, Venkateshwara Hatcheries Pvt. Ltd.
Customization Scope 10% Free Customization
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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)

Key Questions Answered in This Report

The Indian animal feed market was valued at INR 1,035.2 Billion in 2023.

We expect the Indian animal feed market to exhibit a CAGR of 7.2% during 2024-2032.

The rising demand for meat and animal-based products, along with the increasing commercial livestock production, is primarily driving the Indian animal feed market.

In India, the sudden outbreak of the COVID-19 pandemic has led to the shifting consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of animal feed.

Based on the product type, the Indian animal feed market can be categorized into poultry feed, cattle feed, and aquafeed. Currently, poultry feed holds the majority of the total market share.

On a regional level, the market has been classified into North India, South India, East India, and West India, where South India currently dominates the market.

Some of the major players in the Indian animal feed market include Anmol Feeds Pvt. Ltd., Avanti Feeds Ltd., C P Aquaculture India Pvt. Ltd., Cargill Incorporated, Godrej Agrovet Limited (Godrej Industries Limited), Grobest Feeds Corporation India Ltd., Growel Feeds Pvt. Ltd., Japfa Comfeeds India Pvt. Ltd. (Japfa Ltd.), Kapila Krishi Udyog Ltd., KSE Ltd., SKM Animal Feeds & Foods (India) Private Limited, Suguna Foods Private Limited, The Waterbase Ltd. (Karam Chand Thapar & Bros. (Coal Sales) Limited), Uno Feeds, Venkateshwara Hatcheries Pvt. Ltd., etc.

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Indian Animal Feed Market Report by Product Type (Poultry Feed, Cattle Feed, Aquafeed), and Region 2024-2032
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