According to the new market research report by IMARC Group ”Indian Feed Additives Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026. the Indian market reached a value of US$ 635 Million in 2020. Feed additives are a type of dietary supplement that is largely used in animal nutrition to improve the quality of the feed. They consist of vitamins, minerals, and other essential nutrients required for ensuring optimum animal health and disease prevention. Nutritional, coccidiostats, sensory, and zootechnical are the types of additives primarily administered to the animal feed.
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The increasing livestock population and growing consciousness regarding animal health and wellness are two primes factors driving the feed additives market growth in India. Additionally, the country is one of the largest producers of milk, eggs, broilers, and fish, which is significantly increasing the demand for feed additives, thereby driving the market growth further. Apart from this, the shifting focus on improving yields, rising emphasis on livestock disease prevention, and increasing meat exports are providing an impetus to the market growth. Other factors, such as the growing meat consumption and increasing cases of livestock diseases, are creating a positive outlook for the market in India. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.8% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation by Source:
Market Segmentation by Product Type:
- Amino Acids
- Monocalcium Phosphate
- Dicalcium Phosphate
- Mono-Dicalcium Phosphate
- Defluorinated Phosphate
- Tricalcium Phosphate
- Propionic Acid
- Formic Acid
- Citric Acid
- Lactic Acid
- Sorbic Acid
- Malic Acid
- Acetic Acid
- Mycotoxin Detoxifiers
- Flavors and Sweeteners
- Non-Protein Nitrogen
- Mold Inhibitors
- Anticaking Agents
- Essential Oils
- Herbs and Spices
- Stretococcus Thermophilus
Market Segmentation by Livestock:
- Dairy Cattle
- Beef Cattle
- Aquatic Animal
Market Segmentation by Form:
Market Segmentation by Region:
- North India
- East India
- West and Central India
- South India
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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