Market Size of india feed minerals Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 119.87 Million |
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Market Size (2029) | USD 152.44 Million |
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Largest Share by Sub Additive | Macrominerals |
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CAGR (2024 - 2029) | 4.92 % |
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Fastest Growing by Sub Additive | Macrominerals |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
Understand The Key Trends Shaping This Market
