Market Size of india feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.07 Billion |
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Market Size (2029) | USD 1.37 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 5.22 % |
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Fastest Growing by Additive | Antioxidants |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Feed Additives Market Analysis
The India Feed Additives Market size is estimated at 1.07 billion USD in 2024, and is expected to reach 1.37 billion USD by 2029, growing at a CAGR of 5.22% during the forecast period (2024-2029).
1.07 Billion
Market Size in 2024 (USD)
1.37 Billion
Market Size in 2029 (USD)
5.77 %
CAGR (2017-2023)
5.22 %
CAGR (2024-2029)
Largest Market by Additive
19.35 %
value share, Amino Acids, 2023
The amino acids segment is the largest due to the increasing demand for meat products and their ability to balance the gut pH and reduce the occurrence of infections.
Largest Market by Animal
62.68 %
value share, Poultry, 2023
Poultry is the largest animal segment due to the rising consumption demand for poultry products and the increasing poultry population by 27% during 2017-2022.
Fastest-growing Market by Additive
6.07 %
Projected CAGR, Antioxidants, 2024-2029
The demand for antioxidants is growing at the fastest rate due to the increasing consumption of meat and milk products and the shelf life of animal feed.
Fastest-growing Market by Animal
5.31 %
Projected CAGR, Poultry, 2024-2029
Poultry is the fastest-growing segment due to the rising demand for poultry meat, the increasing commercial egg production, and the increasing poultry population.
Leading Market Player
13.44 %
market share, IFF(Danisco Animal Nutrition), 2022
IFF is a market leader as the company gained market share by expanding its product portfolio and launching new products with improved quality for the Indian market.
- In 2022, the Indian livestock feed industry witnessed strong demand for feed additives, with amino acids, binders, minerals, probiotics, and prebiotics comprising 60.5% of the market's total value. Lysine and methionine emerged as the leading amino acids in the country, accounting for 72% of the total feed amino acids market in 2022. This growth was attributed to improved animal efficiency, better gut health, and meat production.
- Synthetic binders dominated the market, accounting for 69.9% of the total binders market in 2022. These binders have become an essential component in animal feed as they enhance digestion and nutrition intake, besides being used in pellet feed and illness prevention.
- Poultry was the dominant animal type in the prebiotics market, representing 62.6% of the market share value in 2022. The growth of the poultry sector was fueled by increased feed intake and a 4% rise in headcount between 2017 and 2022.
- Antioxidants are projected to be the fastest-growing segment in the Indian feed additives market, with a CAGR of 6.1% during the forecast period of 2023-2029. They are increasingly used to extend the life of animal feeds. Antibiotics, such as citric acid, are essential in minimizing pathogen colonization, lowering the formation of harmful metabolites, and enhancing the availability of protein, Ca, P, Mg, and Zn.
- Therefore, due to the critical role of feed additives in animal nutrition, their demand is expected to rise during the forecast period. As a result, the industry will continue to witness an increase in the development and adoption of innovative feed additive solutions to meet the evolving demands of the market.
Understand The Key Trends Shaping This Market
