India Animal Feed Additives Market

Market Overview

The India Animal Feed additives market size witnessed significant growth in the past and is expected to grow at a CAGR of around 4.6% during the forecast period (2023-2030)

Additives for animal feed are things that are good for the health of the animals and are put in their food. Some things like amino acids, vitamins, and so on are added to feed. Amino acids are important for many things, like eating, being pregnant, having a healthy gut, and getting energy from food. The chicken industry uses a lot of the amino acid methionine, while the pork industry uses a lot of the amino acid lysine.

Highlights

• Functional feed additives dominate the market by type.
• Dry dominates the market by form
• Pork dominates the market by distribution.

Market Dynamics

India Animal Feed Additives Market Drivers

Increasing Meat Consumption

Due to the rising demand for poultry meat and eggs, India's poultry sector has seen an impressive expansion in recent years. The Ministry of Agriculture and Farmers Welfare anticipated that India's overall flock size would be around 851 million in 2020. Because they are more accessible, more people love the taste of chicken, and they are more convenient, the demand for poultry goods, particularly chicken meat, has been rising quickly. As an illustration, according to a report by the Agricultural and Processed Food Products Export Development Authority (APEDA), India's production of poultry meat increased from 3.68 million metric tons in 2016-2017 to 4.23 million metric tons in 2019-2020, representing a CAGR of 4.2%.

India Animal Feed Additives Market Restraints

Stringent Regulations

Getting permission from regulatory bodies like the Food Safety and Standards Authority of India (FSSAI) and the Ministry of Agriculture is necessary to introduce and register new feed additives in India. Additionally, the FSSAI has been attempting to enhance the laws and oversight frameworks governing animal feed and feed additives. They have been concentrating on guaranteeing animal feed safety and quality to safeguard both animal and human health. These regulatory actions highlight the importance of adhering to strict guidelines and having the required permits before introducing feed additives to the Indian market.

India Animal Feed Additives Market Opportunities

Adoption of Modern Farming Techniques

India's poultry sector has undergone substantial expansion and change in recent years. Modern, intense chicken farming technologies have gradually replaced traditional backyard poultry farming. To increase productivity and satisfy the rising demand for poultry products, large-scale commercial poultry farms are implementing cutting-edge technologies, automated procedures, and improved management methods. The adoption of modern farming techniques in the Indian chicken sector has been steadily increasing, according to data from the Indian Chicken Equipment Manufacturers' Association (IPEMA). The rise of large-scale poultry farms, integrated production systems, and cutting-edge machinery and technology signals the industry's modernization. This change offers a sizable potential for feed additive producers to meet the unique dietary needs and performance-improving demands of poultry birds in India.

Segmental Analysis

The Indian animal feed additives market is segmented based on type, form, and distribution.

The market is further segmented by Type into Feed sanitizers, Antibiotic, Amino Acids, Vitamins, Minerals, Mycotoxin Binders, Feed Acidifiers, Functional Feed additives (Enzymes, Probiotics, Antioxidants, Vitamins), and Others.

The functional Feed additives segment dominates the market and is expected to grow at a CAGR of 4.8% during the forecast period.

Probiotics dominate the market among the functional feed additives type and are expected to grow at a CAGR of 4.5% during the forecast period.

The market is further segmented by form into dry and liquid.

Dry dominated the market and is expected to register a CAGR of 4.1% over the forecast period.

The market is further segmented by distribution channel into Poultry, cattle, pork, and Aquaculture.

The pork segment dominates the market and is expected to grow at a CAGR of % during the forecast period.

Regional Analysis

Animal feed ingredients are selling well in India, where the number of people and several cities is growing. Milk, eggs, and meat sales are increasing because more people eat animal energy. These foods are becoming staples in homes and restaurants.

India has a strong livestock business that supports the dairy, poultry, and meat industries well. In the past few years, the desire for high-quality, nutrient-rich foods has grown in India because people have more money to spend, and their lifestyles are changing.

Also, as people learn more about health and wellness, they eat less meatless food and more milk, eggs, and meat. This is a big reason why animal feed additives sales are increasing. Aside from this, a strong focus on preventing animal diseases and growing worries about the quality of animal products will continue to drive sales in the market in the coming years.

Recent Developments

• May 2023- BITEPodTM, a Center of Excellence for Food Innovation in Asia, is now open by Kemin Food Technologies.
• March 2023- DSM released a tool for measuring color called Digital SalmoFanTM.
• May 2023- ADM and Air Protein signed a strategic agreement to speed up developing and producing a unique protein that can be grown without land.