India Poultry Feed Industry Report 2024: Market Trends, Regional Insights, Competitive Landscape, Forecasts & Opportunities

news-24092024-061636

The India Poultry Feed Market is experiencing impressive growth, with a projected CAGR of 6.21% through 2030. Poultry feed is specially formulated to meet the dietary needs of birds like chickens, turkeys, and ducks. The market is driven by increasing consumer demand for poultry products, advancements in poultry breeding techniques, and the growth of organized poultry farming.

One of the key drivers of the poultry feed market is the growing demand for poultry products in India. As consumers become more health-conscious, the consumption of protein-rich poultry products such as chicken and eggs is on the rise. This trend is fueled by the health benefits associated with poultry products and the increasing disposable income levels of the population. Poultry farming plays a crucial role in meeting the protein requirements of the nation, emphasizing the importance of high-quality poultry feed.

The emergence of online poultry feed sales platforms is revolutionizing the industry. These platforms are making it easier for poultry farmers in remote areas to access quality feed, improving productivity. Additionally, online platforms promote competition among feed suppliers, leading to better pricing, improved quality, and innovative solutions. Farmers can make informed decisions based on factors like nutritional content, brand reputation, and customer reviews, driving up the demand for poultry feed.

There is a growing interest in healthy and organic poultry products in India. Consumers are increasingly aware of the benefits of organic food and the drawbacks of chemically treated products. This has led to a surge in demand for high-quality organic feed that is free from antibiotics and chemicals. The government’s efforts to promote poultry farming as a sustainable source of income are also contributing to this trend. The shift towards healthier and organic poultry products bodes well for the future of the poultry feed industry in India.

Key market players in the India Poultry Feed Market include Amrit Feeds Limited, Ayurvet Limited, Godrej Agrovet Limited, and others. The market is segmented by nature (conventional, organic), form (mashed, pellets, crumbles), additives (antibiotics, vitamins, antioxidants), animal type (layers, broilers, turkey), distribution channel (offline, online), and region (North, South, West, East). The market value was USD 3.27 billion in 2024 and is forecasted to reach USD 4.68 billion by 2030 with a compound annual growth rate of 6.2%.

ResearchAndMarkets.com is a leading source for international market research reports and market data, offering insights into key industries, companies, products, and trends. Visit their website for more information on the India Poultry Feed Market report.

Exit mobile version