India Animal Feed Additives Market Outlook (2018 to 2032)

Year Value
2018 1.72
2019 1.78
2020 1.84
2021 1.89
2022 1.94
2023 1.99
2024 2.04
2025 2.09
2026 2.15
2027 2.2
2028 2.28
2029 2.36
2030 2.44
2031 2.52
2032 2.61
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India Animal Feed Additives Market Outlook (2018 to 2032)

Synopsis
The above chart is India Animal Feed Additives Market Outlook (2018 to 2032)

Market Dynamics

india is amongst the world’s leading producers and consumers of animal feed processing, accounting for 6.8% of the global production. the country is the world's largest producer of pulses and fourth in production of cereals, hence, grain-based feed dominates the animal feed industry in india. a major long-term opportunity exists for animal feed additives due to the growing animal feed processing industry, increasing demand for high-quality animal feeds, and their usage in poultry nutrition to increase the overall efficiency of animal nutrition. coupled with the indian poultry sector undergoing a revolution through extensive technology driven changes, advances in the feed and feed additives are playing a crucial role in this transformation process. these additives either help the animal to stay healthy or help the feed stay wholesome and safe for the animal while in the barn. further, vitamin supplements have also been quintessential in helping animals retain their health and energy while being confined in barns. probiotics have also been in demand in the animal feed industry and are used for helping animals to stay healthy and also produce better quality meat and eggs. there has been an impressive shift from the usage of conventional antibiotics and growth promoters to natural feed additives such as enzymes and probiotics as a result of the growing awareness. the indian livestock feed additives market is expected to gain impetus in the coming years as farmers and farmers’ associations become increasingly aware of the benefits of livestock feed additives. due to the rising cost of feed and higher production costs, farmers are looking for innovative ways to improve the performance of their livestock. this has increased the demand for feed and animal feed ingredients and is likely to drive the demand for animal feed additives in the future. additionally, there will be an increased focus on quality, safety, and healthy & nutritious feed, which will also hike the demand for animal feed ingredients and additives. the marketplaces are estimated to develop faster than the traditional markets due to the convenience of online purchase and the abundance of product choices available. this will have a positive impact on the animal feed additives market outlook in india.

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