Several reasons have contributed to the growth of animal feed market in the recent past in India. Due to the growth of the population base and increase in the level of disposable income, the consumption of animal products has been realized. This has led to increased demand in animal feeds which is essential for the health and production of livestock. This research also expects the demand of animal feed in India to grow at a fast pace because of the growing consciousness about the animal feeding habits and their nutrition. This has been encouraging farmers and producers to embrace the use of quality feeds that would improve the performance of the livestock while at the same time maintaining production. This change of pace towards better feed quality is made possible by government support and funds from the private institutions that seek to advance the agriculture business.
The market is made up of compound feed, feed additives, and premixes for different animals like poultry, cattle, and fish. The increased number of commercial poultry farming and dairy farming has especially led to the use of feed formulations that can increase growth rates and milk production. The technological development and innovative feed formulation have also played a vital role in the development of the market. Businesses are focusing on developing feeds that meet the animals’ nutritional requirements and fight diseases at a reasonable cost. As the investors keep on pouring their capital the Indian animal feed market, there are great chances for this market to grow more and more in future.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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