The massive population of the country is a significant driver for the feed additives market in India. With a population of more than 1.38 billion, India is the second-largest populous country in the world after China. By 2030, the population of India is expected to reach beyond 1.5 billion. This is likely to generate a strong demand for food, increasing the consumption of animal-derived products, including milk, meat, eggs, seafood, and others.
Market Segmentation
Feed additives refer to dietary supplements used in animal feeding to enhance the quality and nutritional value of animal products, including milk, meat, eggs, and other animal products. Feed additives mainly consist of amino acids, minerals, vitamins, and fatty acids, which are essential for the well-being of the animal. They also improve the digestibility, as well as the overall health of the animal, by ensuring the optimum absorption of nutrients.On the basis of source, the Indian feed additives market can be divided into the following:
- Synthetic
- Natural
Based on product type, the market can be segmented into the following:
- Amino AcidsPhosphates
- Vitamins
- Acidifiers
- Carotenoids
- Enzymes
- Mycotoxin Detoxifiers
- Flavours and Sweeteners
- Antibiotics
- Minerals
- Antioxidants
- Non-Protein Nitrogen
- Preservatives
- Phytogenic
- Probiotics
On the basis of livestock, the market can be divided as follows:
- Ruminants
- Calves
- Dairy Cattle
- Beef Cattle
- Others
- Poultry
- Broilers
- Layers
- Breeders
- Swine
- Starters
- Growers
- Sows
- Aquatic Animal
- Others
Based on form, the industry can be divided into:
- Dry
- Liquid
The regional markets for feed additives include:
- North India
- West and Central India
- South India
- East India
Market Analysis
India is currently one of the countries with the largest livestock population globally. It is also one of the major producers of milk, meat, broilers, eggs, and fish. This gives the Indian feed additives market an enormous potential for growth. The huge population of the country is a significant driver of the feed additives industry. Moreover, rising disposable incomes, evolving lifestyles, and the growing knowledge of health and well-being have led to a shift in Indian food preferences from cereals to foods rich in proteins, vitamins, and minerals. This drives the consumption of milk, meat, and eggs in the region. Many main factors driving the demand include the growing concentration on improving yields, growing exports, rising emphasis on the prevention of animal diseases, rising concerns about the quality of animal products, and others.Competitive Landscape
The report gives a detailed analysis of the following key players in the Indian feed additives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Vinayak Ingredients India Pvt. Ltd.
- ADM
- Evonik
- BASF SE
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Indian Feed Additives market report include:- Vinayak Ingredients India Pvt. Ltd.
- ADM
- Evonik
- BASF SE