Report Overview

India Animal Feed Supplement Market - Industry Trends & Forecast Report 2028

India Animal Feed Supplement Market is expected to grow at a CAGR of 13% during the forecast period (2022-2028). The market is booming at a high rate owing to the changing eating patterns, and rising disposable incomes thereby, increasing consumption of meat and poultry food products. Also, owing to the increasing domestic consumption of animal-based products, rising livestock population, and growing dependence on meat imports. All these factors boost the growth of the India Animal Feed Supplement Market during the Forecast Period (2022-2028).

Animal Feed Supplement – Overview

Animal feed supplements are some nutrients and trace minerals mixtures that are given to the animals. The purpose of animal feed supplements is to supply nutrients that are lacking in an animal’s primary diet. This improves the quality of feed and animal health. The various types of animal feed supplements are amino acids, phosphates, vitamins & minerals, enzymes, and antibiotics. The ingredient used in these supplements is wheat, bajra, ragi, Maize, corn, grains legumes, etc.

India Animal Feed Supplement Market Forecast and Trends

Growth Drivers

Increasing Demand for Meat and Poultry Products in the Country.

The rising demand and consumption of animal proteins such as dairy, eggs, and meat are anticipated to increase the demand for animal feed supplements. Poultry is very popular and largely consumed by Indian consumers. This is due to the low production cost, and high nutritional value of poultry. Moreover, animals play a crucial role in agriculture and provide us with food, fiber, and leather. Animals including fish, birds, goats, and other animals keep the ecosystem functioning. This drives the usage of animal feed supplements to keep and maintain animal health. This results in reinforcing the growth of the India Animal Feed Supplement Market during the forecast period.

The Increasing Shift towards Natural Feed Supplements.

An animal needs essential nutrients for their metabolic processes and to protect them from diseases. Antimicrobial compounds are generally included in poultry diets to promote growth and control diseases. Many feed manufacturers are launching natural feed supplements with the help of modern science. These include botanical supplements such as the blending of herbs or plant extracts. The natural feed supplements include herbs and plant extracts added with bio-active ingredients like alkaloids, bitters, glycosides, and saponins. Various plant products and their constituents have huge antimicrobial activity and antioxidant properties. All these factors boost the growth of the India Animal Feed Supplement Market during the Forecast Period (2022-2028).

Restraints

Rising Cost of Raw Materials in Animal Feed Supplement

The increasing price of raw materials is a major restraining factor for the growth of the India Animal Feed Supplement Market. Climate change and irregular monsoons impact the production of crops and their prices become high. Since feed acids, antioxidants, and vitamins are extracted from natural resources such as seeds, bark, and plant leaves. Thus, the availability of nutritional animal feed at an affordable price has become a critical issue in the country. This results in hampering the growth of the India Animal Feed Supplement Market during the forecast period.

Impact of COVID-19 on India Animal Feed Supplement Market

The unprecedented COVID-19 pandemic outbreak negatively impacted the growth of all the sectors including agriculture around the country. Due to the nationwide lockdown imposed by the government, there is a halt in production, and a shortage of raw materials, and supply chains. Also, a significant decrease in meat and poultry consumption owing to growing health concerns which declines the demand for animal feed. However, a strong market recovery is anticipated owing to the increasing demand for meat, poultry, and dairy-based products in hotels and restaurants in the country. This trend in the India Animal Feed Supplement Market is likely to continue during the forecast period (2022-2028). 

India Animal Feed Supplement Market – By Source

Based on the source, India Animal Feed Supplement Market is segmented into Natural and Synthetic. The synthetic segment dominates the market owing to the easy availability of raw materials, low production costs, and strong established market than the natural segment. Moreover, the natural segment is expected to hold the largest share in the upcoming years. this is because the major nutrient provided to animals are extracted from natural sources like plant leaves and seeds. Also, the rising trend toward a sustainable environment leads to an increase in the production of natural animal feed supplements.

India Animal Feed Supplement Market – By Product Type

Based on product type, the India Animal Feed Supplement Market is segmented into Amino acids, Phosphates, Vitamins & Minerals, Enzymes, antibiotics, and Others. Vitamins and minerals dominate the market owing to the rising deficiencies of vitamins and minerals in poultry and other animals. Grains are commonly provided to animals as grains contain a large amount of vitamin and mineral content. All these factors drive the growth of the India Animal Feed Supplement Market during the forecast period. 

India Animal Feed Supplement Market – By Livestock

Based on livestock, the India Animal Feed Supplement Market is segmented into Ruminants, Poultry, Swine, Aquatic Animals, and Others. The poultry animal segment holds the largest market share owing to the popularity and rapid rise in per capita meat consumption in India. Also, due to increasing consumption of eggs and rising demand for poultry in hotels and restaurants in the country. All these factors result in propelling the growth of the India Animal Feed Supplement Market during the forecast period (2022-2028).  

India Animal Feed Supplement Market – By Form

Based on the form, the India Animal Feed Supplement Market is segmented into Dry, Liquid, and Other. The dry form is in high demand among livestock producers. Since they are good to mix with feed and easy to store as well as handle. Dry supplements are available in mash and pellet forms which allow consumers an easier solution in mixing techniques. This results in boosting the growth of the India Animal Feed Supplement Market during the forecast period.

India Animal Feed Supplement Market – Regional Insights

Geographically, the India Animal Feed Supplement Market is segmented into North India, South India, East India, and West India. North India dominates the market owing to the top farming state Uttar Pradesh. Moreover, West Bengal is emerging as India's most productive agricultural state. This results in driving the growth of the India Animal Feed Supplement Market during the forecast period (2022-2028).  

Competitive Landscape

The leading market players in the India Animal Feed Supplement Market are Vinayak Ingredients India Pvt. Ltd., ADM Agro Industries India Pvt Ltd, BASF India Ltd., Cargill India Pvt. Ltd., Evonik India Private Limited, Kemin Industries South Asia Pvt Ltd, Zoetis India Ltd., Sumitomo Chemical India, DSM India Private Limited, Nutreco-West Coast Group and other prominent players.

The market is highly concentrated and competitive with the presence of various some major market players as well as regional industry participants. The companies constantly launch new products with advanced features to gain a competitive edge over the market. Multinational corporations also invest in expanding their production capacities to meet the growing demand and boost their market penetration. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Development

• In October 2021, BASF and Cargill expanded their partnership in the animal nutrition business. Together, they develop, produce, market, and sell customer-centric enzyme products and solutions.

• In October 2021, Cargill launched its poultry feed with essential oils under improved Nutrena® Naturewise® poultry feeds. These formulas contain prebiotics, probiotics, plant extracts, vitamin D3, and Yucca schidigera extract.

Scope of the Report

By Source

• Natural
• Synthetic

By Product Type

• Amino Acids
• Phosphates
• Vitamins & Minerals
• Enzymes
• Antibiotics
• Others

By Livestock

• Ruminants
• Poultry
• Swine
• Aquatic Animals
• Others

By Form

• Dry
• Liquid
• Other

By Region

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. India Animal Feed Supplements Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Patent Analysis
   5. Regulatory Framework
   6. PESTEL Analysis
   7. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. India Animal Feed Supplements Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
      2. By Volume (Metric Tons)
   2. Market Share & Forecast
      1. By Source
         1. Natural
         2. Synthetic
      2. By Product Type
         1. Amino Acids
         2. Phosphates
         3. Vitamins & Minerals
         4. Enzymes
         5. Antibiotics
         6. Others
      3. By Livestock
         1. Ruminants
         2. Poultry
         3. Swine
         4. Aquatic Animals
         5. Others
      4. By Form
         1. Dry
         2. Liquid
         3. Other
      5. By Region
         1. North India
         2. South India
         3. East India
         4. West India
6. Competitive Landscape
   1. List of Key Players and their Offerings
   2. Global Players Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Business Expansion, Agreement, Partnership and Product Launch)
7. Impact of COVID-19 on India Animal Feed Supplement Industry
8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
   1. Vinayak Ingredients India Pvt. Ltd.
   2. ADM Agro Industries India Pvt Ltd
   3. BASF India Ltd.
   4. Cargill India Pvt. Ltd.
   5. Evonik India Private Limited
   6. Kemin Industries South Asia Pvt Ltd
   7. Zoetis India Ltd.
   8. Sumitomo Chemical India
   9. DSM India Private Limited
   10. Nutreco-West Coast Group
9. Key Strategic Recommendations

Note:

1. Financial Information of non-listed companies will be provided as per the availability.
2. The segmentation and the companies are subjected to modification based on in-depth secondary study for the final deliverable.

List of Figures

Figure 1        India Animal Feed Supplement Segmentation

Figure 2        India Animal Feed Supplement Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        India Animal Feed Supplement Market Size, By Value (USD Million), 2018-2028

Figure 5        India Animal Feed Supplement Market Share, By Source, By Value, 2018-2028

Figure 6        India Animal Feed Supplement Market Share, By Product Type, By Value, 2018-2028

Figure 7        India Animal Feed Supplement Market Share, By Livestock, By Value, 2018-2028

Figure 8        India Animal Feed Supplement Market Share, By Form, By Value, 2018-2028

Figure 9        India Animal Feed Supplement Market Share, By Region, By Value, 2018-2028

List of Tables

Table 1         India Animal Feed Supplement Market Size, By Source, By Value, 2018-2028

Table 2         India Animal Feed Supplement Market Size, By Product Type, By Value, 2018-2028

Table 3         India Animal Feed Supplement Market Size, By Livestock, By Value, 2018-2028

Table 4         India Animal Feed Supplement Market Size, By Form, By Value, 2018-2028

Table 5         India Animal Feed Supplement Market Size, By Region, By Value, 2018-2028

Table 6         India Animal Feed Supplement Market Size, By End User, By Value, 2018-2028

Table 7         India Animal Feed Supplement Market Size, By Distribution Channel, By Value, 2018-2028

Table 8         India Animal Feed Supplement Market Size, By Offline Distribution Channel, By Value, 2018-2028

Table 9         Vinayak Ingredients India Pvt. Ltd. Company Overview

Table 10        Vinayak Ingredients India Pvt. Ltd. Financial Overview

Table 11        ADM Agro Industries India Pvt Ltd Company Overview

Table 12        ADM Agro Industries India Pvt Ltd Financial Overview

Table 13        Cargill India Pvt. Ltd. Company Overview

Table 14        Cargill India Pvt. Ltd. Financial Overview

Table 15        Evonik India Private Limited Company Overview

Table 16        Evonik India Private Limited Financial Overview

Table 17        Zoetis India Ltd. Company Overview

Table 18        Zoetis India Ltd. Financial Overview

Table 19        DSM India Private Limited Company Overview

Table 20        DSM India Private Limited Financial Overview

Table 21        Nutreco-West Coast Group Company Overview

Table 22        Nutreco-West Coast Group Financial Overview