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India Feed Minerals Market Size

The India Feed Minerals Market is projected to experience growth over the forecast period, with the macromineral segment anticipated to lead this expansion. This growth is attributed to the critical role of minerals in animal health, the rise in commercial farming, and increased awareness regarding mineral usage. Ruminants represent the largest segment due to their higher mineral dosage requirements, while the poultry sector predominantly consumes microminerals. The market's expansion is supported by the growing demand for feed minerals in dairy cattle, broilers, and layers, reflecting a broader trend in the country's agricultural practices.

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Market Size of india feed minerals Industry

India Feed Minerals Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 119.87 Million
svg icon Market Size (2029) USD 152.44 Million
svg icon Largest Share by Sub Additive Macrominerals
svg icon CAGR (2024 - 2029) 4.92 %
svg icon Fastest Growing by Sub Additive Macrominerals
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Feed Minerals Market Analysis

The India Feed Minerals Market size is estimated at 119.87 million USD in 2024, and is expected to reach 152.44 million USD by 2029, growing at a CAGR of 4.92% during the forecast period (2024-2029).

119.87 Million

Market Size in 2024 (USD)

152.44 Million

Market Size in 2029 (USD)

4.43 %

CAGR (2017-2023)

4.92 %

CAGR (2024-2029)

Largest Market by Sub-Additive

91.68 %

value share, Macrominerals, 2023

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Macrominerals are the largest segment as minerals such as calcium, potassium, and others are required in animal feed. Their deficiency leads to diseases in animals.

Largest Market by Animal

52.42 %

value share, Ruminants, 2023

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The ruminant segment is the largest because ruminants are one of the most important animal types and a major producer of milk in the dairy industry. Ruminants have a high population in India.

Fastest-growing Market by Sub-Additive

5.01 %

Projected CAGR, Macrominerals, 2024-2029

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Macrominerals are the fastest-growing subadditive segment due to the increasing livestock population and their importance in preventing acidosis and alkalis in ruminants.

Fastest-growing Market by Animal

4.95 %

Projected CAGR, Ruminants, 2024-2029

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Ruminants comprise the fastest-growing animal segment due to the increased animal population, demand for milk, and awareness of the health benefits of minerals in animal feed.

Leading Market Player

14.48 %

market share, Adisseo, 2022

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Adisseo is the market leader and expanded its business in Asia-Pacific, including India, through research activities and 600 global patents for feed additives, including minerals.

  • India was the second-largest country in Asia-Pacific with respect to the feed minerals market in 2022, accounting for 9.8% of the market. In India, the feed minerals segment of the feed additives market accounted for almost 11.3% in 2022, valued at USD 0.11 billion.
  • Macrominerals had the largest share, valued at almost USD 100 million in 2022. Macrominerals such as calcium, magnesium, phosphorus, potassium, and others are essential to all types of animals in their diet, and the deficiency of these minerals leads to various kinds of diseases. Ruminants were the largest segment by animal type in the feed minerals market, accounting for 52.4% in 2022. The usage of minerals in ruminants was higher because of the higher dosage rates and their importance in preventing acidosis and alkalis in ruminant animals.
  • Microminerals were valued at USD 9.2 million in 2022. They are majorly consumed by the poultry sector in the country; poultry accounted for 68% of the feed microminerals market in 2022.
  • The segment for macrominerals in the feed minerals market is expected to grow at a rapid pace, registering a CAGR of 5% during the forecast period. With the growing awareness of the usage of minerals and the increase in commercial farming, especially with respect to dairy cattle, broilers, and layers, the market is expected to grow in the country, registering a CAGR of 4.9% during the forecast period.
  • The feed minerals market in India is expected to witness growth in the coming years, with the macromineral segment leading the way. This growth is expected to be driven by factors such as the importance of minerals in animal health, the increase in commercial farming, and the growing awareness of the usage of minerals.
India Feed Minerals Market

India Feed Minerals Industry Segmentation

Macrominerals, Microminerals are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal.

  • India was the second-largest country in Asia-Pacific with respect to the feed minerals market in 2022, accounting for 9.8% of the market. In India, the feed minerals segment of the feed additives market accounted for almost 11.3% in 2022, valued at USD 0.11 billion.
  • Macrominerals had the largest share, valued at almost USD 100 million in 2022. Macrominerals such as calcium, magnesium, phosphorus, potassium, and others are essential to all types of animals in their diet, and the deficiency of these minerals leads to various kinds of diseases. Ruminants were the largest segment by animal type in the feed minerals market, accounting for 52.4% in 2022. The usage of minerals in ruminants was higher because of the higher dosage rates and their importance in preventing acidosis and alkalis in ruminant animals.
  • Microminerals were valued at USD 9.2 million in 2022. They are majorly consumed by the poultry sector in the country; poultry accounted for 68% of the feed microminerals market in 2022.
  • The segment for macrominerals in the feed minerals market is expected to grow at a rapid pace, registering a CAGR of 5% during the forecast period. With the growing awareness of the usage of minerals and the increase in commercial farming, especially with respect to dairy cattle, broilers, and layers, the market is expected to grow in the country, registering a CAGR of 4.9% during the forecast period.
  • The feed minerals market in India is expected to witness growth in the coming years, with the macromineral segment leading the way. This growth is expected to be driven by factors such as the importance of minerals in animal health, the increase in commercial farming, and the growing awareness of the usage of minerals.
Sub Additive
Macrominerals
Microminerals
Animal
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Dairy Cattle
Other Ruminants
Swine
Other Animals
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India Feed Minerals Market Size Summary

The India Feed Minerals Market is poised for significant growth, driven by the increasing importance of minerals in animal health and the expansion of commercial farming. The market is characterized by a strong demand for macrominerals, which are essential for various animal types, particularly ruminants, due to their role in preventing diseases like acidosis. The poultry sector also plays a crucial role, with microminerals being predominantly consumed by this segment. The Indian poultry industry, a major global player, has seen substantial growth in production, fueled by rising domestic and international demand for poultry meat and eggs. However, the industry faces challenges such as disease outbreaks and high feed costs, necessitating investments in infrastructure and technology.

In addition to poultry, India's aquaculture industry is experiencing rapid expansion, driven by increased demand for seafood both domestically and internationally. The aqua feed market, particularly fish feed, is a significant contributor to this growth, supported by government initiatives and investments in the sector. The country's position as a leading fish producer and the growing shrimp feed production highlight the potential for further market expansion. The feed minerals market in India is moderately consolidated, with major players like Adisseo, Alltech, Inc., and BASF SE leading the industry. Strategic acquisitions and partnerships, such as Novus International's acquisition of Agrivida and Nutreco's collaboration with Stellapps, are expected to enhance market access and product offerings.

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India Feed Minerals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Sub Additive

      1. 1.1.1 Macrominerals

      2. 1.1.2 Microminerals

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Dairy Cattle

          2. 1.2.3.1.2 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

India Feed Minerals Market Size FAQs

The India Feed Minerals Market size is expected to reach USD 119.87 million in 2024 and grow at a CAGR of 4.92% to reach USD 152.44 million by 2029.

In 2024, the India Feed Minerals Market size is expected to reach USD 119.87 million.

India Feed Minerals Market Report Snapshots

India Feed Minerals Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029