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India Compound Feed Market Size (2024 - 2029)

The market size of the animal feed industry in India is experiencing significant growth, driven by increased consumer demand for animal products such as dairy, meat, fish, and eggs. This rising demand is linked to higher disposable incomes and favorable demographic shifts from rural to urban areas, which necessitate the production of high-quality feed. Government initiatives aimed at enhancing food security, economic development, and animal health are further supporting the expansion of the compound feed market. The poultry segment, in particular, is a major contributor to the market's growth due to the rising consumption of poultry products.

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Market Size of India Compound Feed Industry

India Compound Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 27.23 Billion
Market Size (2029) USD 36.60 Billion
CAGR (2024 - 2029) 6.10 %
Market Concentration Low

Major Players

India Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Compound Feed Market Analysis

The India Compound Feed Market size is estimated at USD 27.23 billion in 2024, and is expected to reach USD 36.60 billion by 2029, growing at a CAGR of 6.10% during the forecast period (2024-2029).

The Indian compound feed market is essential for the country's livestock sector, encompassing poultry, cattle, aquaculture, and swine industries. This market has experienced significant growth due to rising demand for animal-based products like meat, eggs, and dairy. According to the Food and Agriculture Organization, India leads globally in cattle and buffalo production, is the largest producer of milk and buffalo meat, ranks second in goat meat production, and third in poultry production. For instance, according to FAOSTATS data for 2022, India is home to over 193.6 million cattle heads, 111.8 million buffaloes heads, approximately 150 million goats heads, and more than 885.7 million poultry heads. This vast animal population highlights the considerable demand for quality feed.

Corn and soybean meal are the primary components of the Indian compound feed market, as reported by a USDA study. These are often supplemented with other coarse grains and oilseed meals. In the dairy sector, farm-made mixes are prevalent, particularly for lactating cows and female buffaloes, reflecting the small-scale nature of many Indian dairy operations. The market's growth is further driven by increased purchasing power and favorable demographics across rural and urban areas. 

Government initiatives aimed at enhancing food security, economic development, and animal health support the expansion of the Indian compound feed market. In September 2024, the National Bank for Agriculture and Rural Development of India organized a training program on "Advances in Animal Feeding and Management for Enhanced Farm Income" in Bengaluru. This program highlighted the importance of advanced animal feeding techniques in dairy farming and emphasized inter-institutional collaborations to benefit the farming community. Such initiatives enhance the compound feed market by promoting overall livestock nutrition and addressing the increasing demand.

India Compound Feed Market Industry Segmentation

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. The India Compound Feed Market is segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types) and Ingredients (Cereal, Cakes and Meals, By-products, and Supplements). The report offers market size and forecasts for India's Compound Feed Market in value (USD) for all the above segments.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes and Meals
By-products
Supplements
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India Compound Feed Market Size Summary

The animal feed industry in India is poised for significant growth, driven by increasing demand for animal products such as dairy, meat, fish, and eggs. This demand is fueled by rising disposable incomes and favorable demographic shifts from rural to urban areas. The government's initiatives, particularly through the Department of Animal Husbandry and Dairy, aim to enhance food security and economic development while improving animal health. These efforts are expected to bolster the compound feed market, with the poultry segment leading due to heightened meat consumption. Major players like Cargill Inc., Archer Daniels Midland, and Godrej Agrovet Limited are actively expanding their presence in the market, leveraging advancements in technology and infrastructure to meet the growing needs.

India's compound feed market is characterized by a fragmented landscape with significant contributions from the cattle and poultry sectors. The country's large live cattle herd and increasing milk consumption, alongside the expanding poultry industry, are key drivers of market growth. The availability of raw materials and stable poultry feed prices have attracted more organized players, enhancing market integration. Despite being a leading egg producer, India's per capita egg consumption remains lower than in other developing countries, indicating potential for growth. Companies are focusing on expanding production capacities and entering new regions to capitalize on these opportunities, supported by strategic investments and partnerships aimed at enhancing food security and sustainable animal husbandry practices.

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India Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Livestocl Population

      2. 1.2.2 Increasing Demand for Animal-Based Products

      3. 1.2.3 Government Support and Initiatives

    3. 1.3 Market Restraints

      1. 1.3.1 High Costs of Raw Materials

      2. 1.3.2 Limited Awareness Among Small-Scale Farmers

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Aquaculture

      5. 2.1.5 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes and Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

India Compound Feed Market Size FAQs

The India Compound Feed Market size is expected to reach USD 27.23 billion in 2024 and grow at a CAGR of 6.10% to reach USD 36.60 billion by 2029.

In 2024, the India Compound Feed Market size is expected to reach USD 27.23 billion.

India Compound Feed Market Report Snapshots

Animal Feed Industry In India Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)