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India Poultry Feed Market Size, Share, Trends and Growth 2024-2032

India Poultry Feed Market Size, Share, Trends and Growth 2024-2032
India Poultry Feed Market


India Poultry Feed Market Overview

In the vast and dynamic landscape of India’ agricultural sector, the poultry feed market holds a crucial position, driven by factors such as population growth, urbanization, and changing dietary preferences. According to the latest market analysis by Expert Market Research, the India poultry feed market size reached a valuation of USD 20566.9 million in 2023. With a rapidly growing population, rising disposable incomes, and increasing demand for animal protein, the market is poised for significant growth, with a projected CAGR of 7.29% from 2024 to 2032, potentially reaching a valuation of USD 31489.4 million by 2032.

The poultry feed market in India encompasses a wide range of products, including broiler feed, layer feed, and breeder feed, catering to the diverse nutritional needs of poultry birds at different stages of growth and production. As one of the largest producers of poultry meat and eggs globally, India’s poultry industry plays a vital role in meeting the protein requirements of its population and contributing to food security and economic development.

Market Drivers

Several factors drive the growth of the India poultry feed market. Firstly, population growth and urbanization contribute to increasing demand for poultry products, including meat and eggs. With a growing population, rising urbanization, and changing dietary habits, there is a shift towards protein-rich diets, leading to higher consumption of poultry meat and eggs. As a result, there is growing demand for poultry feed to support the expansion of poultry farming operations across the country.

Secondly, rising disposable incomes and economic growth drive demand for high-quality and nutritious poultry feed products. As incomes rise and living standards improve, consumers are willing to spend more on protein-rich foods, including poultry products. This trend is reflected in higher demand for premium and value-added poultry feed formulations that enhance the health, growth, and productivity of poultry birds, driving market growth.

Furthermore, technological advancements and innovation in poultry feed formulation and production contribute to market expansion. Manufacturers are investing in research and development to develop advanced feed formulations that optimize nutrient utilization, improve feed efficiency, and enhance animal health and performance. Additionally, the adoption of feed additives, probiotics, and enzymes in poultry feed formulations improves digestion, immunity, and overall productivity, driving market growth.

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Market Trends

Several key trends are shaping the dynamics of India poultry feed market. One prominent trend is the increasing adoption of fortified and specialty feed formulations designed to address specific nutritional deficiencies and health challenges faced by poultry birds. These formulations often incorporate additives such as probiotics, prebiotics, enzymes, and herbal extracts aimed at enhancing gut health, immune function, and disease resistance in poultry flocks.

Moreover, there is a growing emphasis on sustainable and eco-friendly feed production practices, driven by consumer awareness regarding the environmental impact of conventional feed ingredients such as soybean meal and fish meal. As a result, there is a rising interest in alternative protein sources for poultry feed, including insect meal, algae, and single-cell proteins derived from microbial fermentation.

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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 acquisitions and mergers, among
other major developments, of the India poultry feed companies. Some of the major key 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

Market Challenges

Despite the positive growth outlook, the India poultry feed market faces certain challenges. One such challenge is the volatility of raw material prices, including grains and oilseeds. Fluctuations in commodity prices, influenced by factors such as weather conditions, input costs, and market dynamics, impact feed production costs and profit margins for manufacturers. Additionally, dependency on imports for certain feed ingredients poses challenges to market stability and pricing.

Moreover, regulatory complexities and quality standards pose challenges to market expansion. The poultry feed industry is subject to various regulations and standards related to feed safety, labeling, and quality control. Compliance with regulatory requirements, including product registration, labeling guidelines, and quality certifications, can be time-consuming and costly for feed manufacturers, affecting market access and product availability.

Furthermore, disease outbreaks and biosecurity concerns pose risks to poultry farming and feed production. Infectious diseases such as avian influenza and Newcastle disease can have devastating effects on poultry flocks, leading to production losses and supply chain disruptions. Biosecurity measures, including vaccination programs, hygiene practices, and disease surveillance, are essential to prevent disease spread and ensure the health and productivity of poultry birds.

Market Opportunities

Amidst the challenges, the India poultry feed market presents opportunities for innovation and market differentiation. One such opportunity lies in the development of specialized and customized feed formulations to meet specific nutritional requirements and production goals. With a diverse poultry farming sector encompassing broiler, layer, and breeder operations, there is growing demand for tailored feed solutions that optimize performance, health, and profitability.

Furthermore, investments in digitalization and technology adoption present opportunities to enhance feed production efficiency and quality control. The adoption of digital technologies, including automation, data analytics, and remote monitoring, enables feed manufacturers to optimize production processes, track feed quality parameters, and ensure compliance with regulatory standards. Additionally, digital platforms facilitate real-time communication and collaboration with poultry farmers, enhancing customer service and satisfaction.

Moreover, sustainability initiatives and environmental stewardship present opportunities for market differentiation and brand building. As consumers and stakeholders increasingly prioritize sustainability and ethical sourcing practices, there is growing demand for environmentally friendly and responsibly produced poultry feed products. Manufacturers can differentiate their brands by adopting sustainable sourcing practices, reducing carbon footprint, and promoting transparency and accountability in their supply chains.

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