市场调查报告书
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印度饲料添加剂市场评估:依产品类型、牲畜、原料、形式、最终用户、地区、机会、预测(2018 财年-2032 财年)India Feed Additives Market Assessment, By Product Type, By Livestock, By Source, By Form, By End-user, By Region, Opportunities and Forecast, FY2018-FY2032F |
印度饲料添加剂市场规模预计将从2024 财年的12.5亿美元增至2032 财年的19.8亿美元,2025 财年至2032 财年的预测期间年复合成长率为5.90%。该市场呈现显着成长,主要是由于对高品质动物产品的需求不断增加以及对牲畜福利的日益关注。农业商业化的日益成长趋势增加了对有效饲料添加剂的需求。可以改善动物营养状况的添加物很多,如胺基酸、维生素、酵素、益生菌等。
家禽、乳製品和水产养殖在印度农业经济中发挥重要作用,带动了该国对饲料添加剂的需求。此外,政府促进农业生产和确保粮食安全的措施也是市场成长的驱动力之一。此外,现代农业方法的采用以及农民对饲料添加剂益处的认识的提高支持该市场的成长。
然而,原材料价格波动和严格监管等挑战可能阻碍发展。除此之外,饲料添加剂配方的研究型创新可能有助于维持市场扩张。此外,无论处于哪个发展阶段,国内消费和出口潜力都会促进该行业的永久成长。
2024年5月,欧洲饲料添加剂製造商Nuqo宣布在印度成立新子公司Nuqo Animal Nutrition India Pvt Ltd。随着新子公司的成立,Nuqo India 目的是利用其敬业员工丰富的行业经验和当地市场洞察力,满足印度客户不断变化的需求。
牲畜数量的增加推动市场成长
印度牲畜数量的增加是支撑饲料添加剂需求的主要因素。根据第二十次牲畜普查,全国牲畜存栏53,578万头,比2012年牲畜普查增加4.6%。
印度拥有世界上最大的牲畜种类,包括家禽、牛和鱼,其农业经济和粮食供应主要依赖牲畜。越来越多的农民转向畜牧业生产,特别是乳製品和家禽养殖,以满足对肉、奶和蛋不断成长的需求。
2023年 11月,在2023年印度家禽展上,Nutrex 将推出其最新的饲料添加剂系列 Nutrase BXP、PhytoStar、EndoBan 和 Free-Tox,目的是提高动物健康、生产力和福祉。这些添加剂目的是帮助酪农维持动物健康的肠道菌群,这对于最佳的免疫系统和营养吸收是必要的。
随着牲畜数量的增加,对有效饲养方法以维持牲畜最佳健康和生产力的需求不断成长。饲料添加剂在此过程中非常重要,它可以增加动物饲料的营养价值、帮助消化、增强免疫力并促进快速生长。这些好处对于畜牧业极为重要,因为畜牧业的目标是最大限度地提高产量。
此外,牲畜数量的增加导致对饲料资源的需求增加,因此添加饲料补充剂对于提高饲料转换效率非常重要。这些趋势预计将持续下去,由于印度对动物性产品的需求不断成长,饲料添加剂市场预计在未来几年将成长。
增材创新促进市场扩张
创新饲料添加剂在印度饲料添加剂的开发中发挥重要作用。对更有效率、可持续和有效的动物营养解决方案的需求导致了该领域配方实践的重大变化。在这些创新中,由于对清洁标籤产品的需求不断成长以及对合成材料对牲畜食品供应链影响的担忧,预计天然和有机饲料添加剂的引进将会增加。
本报告研究和分析了全球饲料添加剂市场,提供市场规模和预测、市场动态以及主要参与者的现状和前景。
India feed additives market is projected to witness a CAGR of 5.90% during the forecast period FY2025-FY2032, growing from USD 1.25 billion in FY2024 to USD 1.98 billion in FY2032. The market is experiencing remarkable growth, largely driven by rising demand for quality animal products and increasing concern about the welfare of livestock. There is an increasing trend towards greater commercialization of agricultural practices surging the need for effective feed additives. There are many additives that can improve an animal's nutritional status such as amino acids, vitamins, enzymes and probiotics.
Poultry, dairy, and aquaculture play crucial roles in agriculture economy in India, driving the demand for feed additives in the country. Moreover, government initiatives to boost agricultural production and guarantee food security are among the factors fueling the market growth. In addition, the implementation of modern farming methods and enhanced awareness among farmers with respect to advantages of feed additives have been supporting the increase of this market.
Nonetheless, the market encounters difficulties like changing raw material prices and strict regulations which may impede development. Apart from this, innovations in feed additives formulas such as research may help keep the market to expand. Additionally, domestic consumption and export possibilities will drive the industry's permanent growth irrespective of its evolution phase.
In May 2024, the European feed additives manufacturer, Nuqo, announced the launch of Nuqo Animal Nutrition India Pvt Ltd., a new subsidiary in India. With the new subsidiary, Nuqo India is aiming to meet the changing demands of Indian clients by leveraging the vast industry experience and local market insights of its committed workforce.
Expanding Livestock Population Fuels Market Growth
The growing livestock population in India is a major factor behind the demand for feed additives. According to the 20th Livestock Census, there are 535.78 million livestock in the nation overall, 4.6% more than the 2012 Livestock Census.
Since India possesses the world's largest number of livestock species, such as poultry, cattle, and fish, the country mainly depends on them for farm economy and provision of food. To satisfy the rising demand for meat, milk, and eggs, more farmers are turning to livestock farming, especially in dairy farming and chicken keeping.
In November 2023, at Poultry India 2023, Nutrex presented its latest line of feed additives, Nutrase BXP, PhytoStar, EndoBan, and Free-Tox, intended to enhance animal health, productivity, and well-being. These additives are made to assist farmers in keeping the gut flora of their animals in a healthy state, which is necessary for the best possible immune system and nutrition absorption.
With an increase in livestock population, there is a rise in demand for efficient feeding methods that will ensure optimal health and productivity of animals. A vital component of this process are feed additives, which increase the nutritional value of animal feeds, aid digestion, enhance immunity, and promote quick growth rates. Most notably, these advantages are crucial for commercial farming since it aims at maximizing outputs.
Furthermore, the increase in livestock numbers leads to an increased demand for feed resources, which means that it is essential to add feed supplements so as to enhance the efficiency of feed conversion. This pattern is anticipated to persist and with the rise of India's needs for animal-based items, the market for feed additives is expected to grow in forecast years.
Innovations in Additives Catalyze Market Expansion
Innovative feed supplements play a critical role in the development of India feed additives market. The need for more efficient, sustainable, and effective animal nutrition solutions has prompted notable changes in formulation operations in the sector. Among these innovations, the introduction of natural and organic feed additives due to an increasing demand for clean-label items and fears about the impact of synthetic substances on livestock food supply chains is expected to increase.
Plant-based enzymes, probiotics, and essential oils are natural additives that provide advantages such as better gut health, improved nutrient uptake, and increased immunity with less harm on environment. In November 2023, Refit Animal Care, a renowned producer and provider of premium animal feed and supplements, introduced two new feed supplement products for pigeons. The two new pigeon feed supplements, ACTIPIGEON and SPEEDO+, are made with natural substances and aimed at having a significant positive impact on the production, health, and performance of pigeons.
Besides, research is being done on precision nutrition entailing formulation of supplements that are specific for particular kinds of animals at various life stages or having varied illnesses, aimed at maximizing feed use and minimizing waste. Other areas of innovation involve new technologies, for instance, microencapsulation, which protects sensitive elements and ensure their targeted release in the digestive system of animals. These advances are helping farmers achieve better results while reducing costs and meeting the growing demand for high-quality animal products.
In February 2024, Zenex Animal Health India Private Ltd. developed an innovative solution for chicken's gut health, Bacillus siamensis ZMT02 (BSZMT02). The product is a unique probiotic strain that improves production indicators among chickens. It even allows farmers to remove gut-acting AGPs and antibiotics.
Ruminants Hold a Larger Market Share
Ruminants, particularly cattle and buffalo, take a larger market share in India feed additives market, driven by the country's big dairy and beef industries. India is the world's leading producer of milk, making its dairy sector an important integral part of the agricultural economy. To maintain levels of high milk production, there has been a rising need for additives that will increase the nutritional value of feeds, enhance digestion, and promote the general well-being of animals.
Ruminants have unique nutrient requirements to stand their complicated digestive systems, thus feed additives such as vitamins, minerals, and probiotics are key ingredients in enhancing the effectiveness of conversion of feeds into animal products. They go a long way in ensuring that the rumen is running smoothly, reducing metabolic disorders, and maintaining uniformity in milk production.
As the dairy industry evolves and embraces more intensified agricultural methods, feed additives are on the rise. In addition, this has resulted in the enlargement of the market size for ruminants in the sector of feed additives due to amplified consumer demand for dairy products.
In August 2023, India's first Peer Commerce in AgriTech, Gramik, introduced three cow feeding additives, Doodh Sagar, Heifer Mix, and Urja Pashu PoshakAahar. The new product line is being introduced with the goal of giving Indian livestock farmers a competitive advantage in the market by making high-quality cow feed supplements easily accessible and reasonably priced.
Future Market Scenario (FY2025 - FY2032F)
With increasing need for animal-derived products such as meat and dairy (including eggs), the need for more efficient and sustainable livestock production will increase, resulting in increased incorporation of feed additives.
As technologies such as microencapsulation are used, continuous improvements in additive formulations will enhance the market.
The future of technology will see a rise in the development of highly targeted and species-specific feed additives, leading to optimized feed efficiency besides reducing waste.
Key Players Landscape and Outlook
The key players in India feed additives market are a mix of international giants and strong local companies, each contributing to the market's dynamic and competitive landscape. Global players, with their extensive research and development capabilities, offer innovative and high-quality feed additives, utilizing their experience, strong distribution networks, and advanced technologies. These companies are well-positioned to meet the increasing demand for efficient and effective animal nutrition.
Local companies hold a substantial share of the market, offering products that are tailored to the specific needs of Indian farmers and livestock producers. These players have deep insights into local agricultural practices and consumer preferences, allowing them to develop cost-effective and culturally relevant solutions that resonate well in the market.
The competitive landscape is expected to become more intense as companies invest in new product development and expand their market reach. Collaborations, and mergers and acquisitions may increase as firms seek to strengthen their positions. The market outlook remains positive, driven by the ongoing demand for quality animal nutrition and continuous innovations in feed additive formulations.
All segments will be provided for all regions covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.